Novus Microfinance Bank (MFB) has disbursed more than N6.35 billion in loans to over 11,000 beneficiaries across Benue State within two years of operation, significantly expanding access to finance for farmers, entrepreneurs, and salary earners while strengthening economic activities in the State.
Patricia Goja, Managing Director of the bank, disclosed this at the bank’s Headquarters in Makurdi, Benue State during activities marking its second anniversary.
According to her, the bank facilitated 11,342 loan transactions covering agriculture, private sector enterprises, and personal financing, underscoring its growing role in promoting financial inclusion and economic development.
Goja said the N6.35 billion loan portfolio represents a remarkable increase from the N1.6 billion disbursed during the bank’s first year of operation, a development she attributed to growing public confidence and the institution’s expanding capacity to meet the financial needs of customers.
She explained that the agricultural sector, a major driver of Benue State’s economy, received
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