In response to escalating food insecurity and its economic impact, Doje Microfinance Bank is spearheading efforts to boost agricultural activities, particularly targeting farmers and businesses in underserved areas.
The Chairman, Olamiposi Alao, emphasised that the initiative centered on financial inclusion by enhancing rural dwellers and farmers with access to capital, noting that access to capital is crucial to drive local development and alleviating poverty.
Alao highlighted the bank’s commitment to integrate digital solutions and data analytics to optimise operational efficiency and expand outreach to marginalised communities.
“We aim to address the unique challenges faced by rural farmers and businesses by offering specialised financial products such as low-interest loans, micro-insurance, and savings plans. This approach is designed to curb food insecurity in the country.”
Alao noted that by collaborating with other financial institutions and local organisations, Doje MFB aims to create a robust support system for farmers which would not only include financial support, but also access to agricultural training, market linkages and modern farming technologies.
She hinted that the bank is set to launch educational programmes to enhance financial literacy among rural communities to equip farmers with the necessary skills to manage their finances effectively.
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