Fast Mfb disburses N7.8bn to customers in 7 years

The management of Fast Microfinance Bank Limited has disclosed that it has so far disbursed N7,7 billion to its customers in the last seven years.

The bank’s Group Head, Marketing, Okon Osemwonta Inyang, who disclosed this in an interview in Benin, said the bank also disbursed N842million loans to farmers, traders and artisans in the same period.

According to him, the microfinance bank  has a customer base of 9,455 while 928 clients have benefited from the loans disbursed in seven years.

He said the bank provides banking services to farmers, artisans, savers, traders and Churches among others.

Iyang however, expressed optimism that in the next five years, the bank would not only expand in terms of physical and technological infrastructures but would also increase the customers base 18,910 as well a share capital and disbursement portfolio.