DD Microfinance Bank, previously known as DavoDani MFB, stated to have a reward for its customers who took part in the Save and Win program, aimed at fostering an enhanced and enduring saving habit among depositors.
Raffle draw took place recently in Lagos. John Ologe the Managing Director and Chief Executive Officer of DD Microfinance Bank, promo product was designed to create an improved long-term saving culture among deposit customers, the majority of whom operate in the informal sector.
“As a financial institution, one of our greatest commitments is to guarantee prosperity and financial freedom through programmes of this nature. This initiative is a dream realisation programme that is geared towards instilling a culture of savings in our esteemed customers while driving financial inclusion to the underserved.
“As an organisation, we remain committed to building a system that is customer-centric and creating product offerings for the mutual benefit of our customers and our organisation as well,” Ologe added.
On his part, the Group Head of Audit and Compliance of DDMFB, Tony Ozorie, emphasised the firm’s dedication to diminishing the population of underserved and unbanked individuals in Nigeria’s commercial centre.
He asserted, “Our focus lies in motivating individuals who struggle to save to begin saving and extending loans to those engaged in economic activities to bolster their enterprises. The type of financial assistance available is contingent upon the scale of one’s business, whether it’s substantial, modest, or micro in nature.”
Also speaking, the Group Head of Business Development of DDMFB, Raymond Ezekwu, noted that the initiative was organised to reward customers who had saved for one year. This is our fourth edition, and we intend to continue with that.”
Ezekwu mentioned that regulators were aware of the significant number of individuals at the lower end of the socioeconomic spectrum.
“As a result, we have taken the initiative to aid them in saving money, irrespective of the amount, thereby, enabling them to grow their businesses through their savings,” he added.