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EMB Commits N1BN To Education Finance For Nigerian Schools

Edfin Microfinance Bank. Photo: Guardian
Edfin Microfinance Bank. Photo: Guardian

Edfin Microfinance Bank (EMB), Nigeria’s first educational bank focused mainly on education financing has commenced operations within the country.

 

According to EMB, the bank’s operations are designed to improve learning outcomes by providing financial services to private schools, school contractors, and other stakeholders in the education sector.

 

Report revealed that EMB would enable schools across the country to become sustainable businesses and would also develop linkages to education solution providers for innovative applications and technologies to supplement school curriculum.

 

The Chief Executive Officer, Mrs. Bunmi Lawson, while speaking at the bank’s launching recently, declared the bank as landmark in education finance in Lagos and Nigeria as a whole, saying the bank is aiming at ensuring that all stakeholders in education ecosystem had easy access to finance and to increase access to enable future growth.

 

The CEO also noted that the bank has the vision of being a globally recognised bank of choice for education financial solutions in Africa with the mission to provide monetary services to the ecosystem for the realization of human potential.

 

“Edfin is the first specialised education finance microfinance bank in Nigeria and what we do is to finance the education ecosystem. We give thw entire bouquet of financial services and provide value added services to transform schools and improve access to education and quality of education,” Lawson stated.

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