Richway Microfinance Bank has been honored with the 2023 Award for Microfinance Bank with the Highest Impact on Start-Ups by the Development Bank of Nigeria (DBN).
This award recognizes the bank’s significant contributions to fostering entrepreneurship and supporting small businesses in Nigeria.
Adenrele Oni, Managing Director of Richway Microfinance Bank, expressed that the award reflects the bank’s commitment to empowering small businesses and driving economic growth through tailored financial solutions.
Since its inception, Richway has focused on providing accessible financial services to underserved communities, particularly start-ups.
In 2023, Richway Microfinance Bank made a profound impact by supporting over 500 start-ups with capital, business advisory services, and tailored loan products.
These initiatives have helped entrepreneurs build sustainable business models, manage risks, and scale their operations, contributing to Nigeria’s economic diversification.
The award underscores the critical role of microfinance institutions in bridging the financial inclusion gap for small businesses.
Richway Microfinance Bank plans to continue expanding its services to reach even more start-ups, further contributing to Nigeria’s economic development.