Press "Enter" to skip to content

PecanTrust Disburses N5 billion in Loans to its Clients over Six years

PecanTrust Microfinance Bank, a fast-growing financial institution, has disbursed loans worth N5 billion to its clients in six years.

The lender commenced operations six years ago after obtaining a license from the Central Bank of Nigeria (CBN) to operate as a financial institution mandated to provide loans to Nigerians.

Since becoming licensed as a microfinance bank, PecanTrust has focused on poverty alleviation by financing affordable social infrastructure services, including health, education, and housing, and has prioritized women-led businesses.

During this time, the lender has consistently focused on increasing financial inclusion in Nigeria and reaching unbanked customers across the country.

In line with this mission, the bank has developed savings and loan products tailored to these customers, such as Pecan Nut Ajo Savings and other Pecan Nut SME financial loans. The bank has also implemented an aggressive strategy to introduce the branch banking platform to its customers nationwide.

In addition to its financial inclusion strategy, the bank recently launched its USSD application, which includes value-added features and levels of service delivery.

“We are happy that we have had a positive impact with our financial inclusion strategies. Nigeria currently has about 60 million unbanked adults, making it the fifth largest country with unbanked citizens worldwide.

“There is still so much that the sector needs to do to support the CBN in achieving its financial inclusion goals.

“That is why we continued our efforts to reach the unbanked and ultimately help them alleviate poverty. We believe that by continuing to take steps in this direction, we will be able to achieve our goals,” said Taiwo Oshinusi, director of PecanTrust.

To accelerate growth and continue to support these strategic initiatives and improve client outreach, PecanTrust has evolved into a hybrid microfinance business based on the expertise and experience of the traditional banking model. The bank is set to launch its digital app in a few months to expand its business and reach a wider customer base while providing access to cheaper, faster, and more reliable financial services.

PecanTrust Microfinance Bank offers various savings and loan products and continues to develop new products to meet market demand.

Be First to Comment

Leave a Reply

Your email address will not be published.