In an effort to empower women and improve financial inclusion throughout Nigeria, Alert Microfinance Bank has introduced the Smart Savings Account.

According to a statement released by the bank on Monday, the Smart Savings Account is designed to accommodate the requirements of retirees, business owners, and students.

The statement claims that in order to assist women in saving and obtaining loans, the account provides attractive interest rates, digital banking tools such as POS terminals and USSD services, and individualised advisory support.

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N63 billion given out to women-led businesses 

Kazeem Olanrewaju, president of the Alert Group said that the account is the outcome of research aimed at bridging gaps that have made it difficult for women to accumulate wealth.

Olanrewaju went on to say that Alert MFB is still growing its array of digital services, having already given out more than N63 billion in loans to women-led enterprises.

Debit cards, USSD platforms, mobile banking apps, and Internet banking platforms are among its products, all of which are intended to guarantee smooth financial transactions.

The Smart Savings Account seeks to promote inclusive economic growth, according to Raji Saheed, CEO of Alert MFB.

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Alert MFB’s Career Bootcamp to empower young people 

In a similar vein, Alert Microfinance Bank has strengthened its dedication to giving young people the professional and financial skills they need to succeed in the modern workforce by launching the second iteration of its Career Bootcamp.

According to a statement provided by the bank on Thursday, February 21, the program, which is aimed at National Youth Service Corps members and recent graduates, aims to improve employability by providing training in digital marketing, cybersecurity, artificial intelligence, financial literacy, and other critical professional skills.

Speaking about the program, Kazeem Olanrewaju, Group President of Alert Microfinance Bank, reaffirmed the bank’s dedication to making a positive social effect.

Also, the effort is in line with Alert MFB’s aim to promote economic growth and lower youth unemployment in Nigeria, according to Raji Saheed, the bank’s chief executive officer.

“As a microfinance institution, we understand the importance of investing in human capital development to empower young professionals who will drive economic progress,” he said.