Partnership
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| River State Microfinance Agency (RIMA) |
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We have been in partnership with RIMA since 2010 in the provision of capacity building and microcredit services to the active poor indigenes of River State.
In 2011, Maxitrust Microfinance Bank limited disbursed over N7m to about 100 beneficiaries under the scheme with 100% recovery and remittance. It is based on
our excellent recovery and remittance record that the agency allocated the highest
sum of N61m for disbursement to our bank. Documentation for the first tranche of
N15m has been completed while we have commenced identification and verification of beneficiaries. |
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| Hon Ken Chikere Microfinance Scheme |
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We are also into wholesale lending partnership with Honorable Ken Chikere, a member representing Port Harcourt Federal Constituency 1 in the House of Representatives,
for the administration, disbursement and recovery of microcredit meant for actualizing
the goal of economically empowering his constituents.
To date, over N3m has been disbursed, with 98% recovery rate and over 90%
remittance achieved. Another tranche of N1m is being awaited.
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| European Union/Caribbean and Pacific Group of States Microfinance Program (EU/ACP MF Program) |
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A wholesale lending partnership is also being negotiated between the bank and the EU/ACP States for the disbursement of EURO200, 000.00 (about N50m) in the Niger
Delta region. |
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