Fortis disbursed N16.5bn to small businesses in 4 yrs

Fortis Microfinance Bank Plc disbursed over N16.5 billion to Micro, Small and Medium Enterprises (MSMEs) operating in Abuja in four years.
This was contained in the bank’s 2015 annual report unveiled at its third general meeting held in Abuja yesterday.
Aside the credit disbursement between 2011 and 2015, the bank also grew it’s customer base to 300,000.
The chairman of the company, Mr. Felix Achibiri, told the meeting that the company’s gross earnings increased to N3.65 billion at the end of 2015 financial year from N3.36 billion recorded 2014.
Achibiri said, “In spite of the tumultuous operating environment for the year ended 31st December, 2015, our gross earnings increased by 9 per cent.”