The Amenfiman Rural Bank Plc has announced plans to provide substantial financial assistance to small and micro-scale enterprises.
The bank, which recently achieved a milestone total deposit of over GH₵1 billion, is gearing up to offer loan facilities of up to 400,000 cedis to over 2,500 businesses, particularly those led by women and youth.
Under the innovative “AMERB Donkomi Promo,” the rural bank aims to inject capital into grassroots businesses as part of its commitment to economic recovery and empowerment.
This initiative follows a remarkable 70.03% growth in deposits from June 2023 to June 2024, signaling the bank’s dedication to expanding its client base and supporting business operations.
Dr. Alexander Asmah, Chief Executive of Amenfiman Rural Bank, stated the institution’s focus on empowering the micro, small, and medium enterprises (MSME) sector to drive national economic growth.
By offering flexible credit facilities with minimal collateral requirements and low-interest rates, the bank aims to bridge the funding gap for businesses, especially those owned by women and youth.
In collaboration with government programs such as the Ministry of Finance’s MSME growth initiative and the Innovate and Grow Fund, Amenfiman Rural Bank is committed to providing financial support to businesses in need.
By prioritizing the economic empowerment of women and youth, the bank seeks to foster peace and stability within households while promoting entrepreneurship and job creation.
Customers of the bank have already experienced the positive impact of financial support, with many reporting increased profits, business expansion, and job creation.
By extending services to unbanked and underbanked individuals, Amenfiman Rural Bank is poised to make a significant difference in the lives of entrepreneurs and communities across the country.
