Prodigy Microfinance Bank has positioned itself as a dependable financial institution for the majority of the population who are unable to access basic financial services. This microfinance bank caters to the general populace as well as small businesses with a keen focus on financial inclusion.
In today’s world, most of the citizens of the country would be able to benefit from micro loan services.
By the end of this article, we will have a detailed understanding of Prodigy Microfinance Bank’s background, including its history, overarching goals, careers and the insights into its products and services.
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History of Prodigy Microfinance Bank
Prodigy Microfinance Bank was created in 2023 with the intention of extending financial services to the active populations of small entrepreneurs who have modest economic standing.
Prodigy believes that regardless of origin or income, everyone should have access to equitable and reasonably priced financial services. Prodigy provides a range of products and services, such as insurance, savings accounts, and loans.
Prodigy is dedicated to giving our clients outstanding customer care and assisting them in achieving their financial objectives.
Prodigy Microfinance Bank started out small, but it has branched out and set up networks in various parts of Nigeria. The bank has also heavily invested in digital technology to streamline the internal processes and improve customer service.
Prodigy’s Vision
To be the leading provider of financial services to underserved communities in Nigeria, helping them to achieve their financial goals and build a better future.
Prodigy’s Mission
To provide fair and affordable financial services to underserved communities in Nigeria, helping them achieve their financial goals.
Prodigy’s Core Values
- Integrity
- Excellence
- Innovation
- Teamwork
- Customer focus
- Sustainability
- Social responsibility
Prodigy Board Of Directors
CHIEF JOHN A. ADEBANJO
CHAIRMAN
MR. SOLA OLADIPO
CHAIRMAN
MR. OYENIYI OLAOYE
DIRECTOR
MR. TERRY OBASEKI
DIRECTOR
MR. MATTHEW ITUA-OBOH
DIRECTOR
Prodigy Products:
PRODIGY PAY
A versatile payment solution that enables seamless transactions, bill payments, and financial transfers both inside and outside the Prodigy environment. Available via mobile and online banking systems.
Prodigy Easy Pay
A simple and secure payment system designed for easy and quick transactions, making everyday banking hassle-free.
Prodigy Ajo Savings
A group savings platform that empowers you to save collectively with friends, family, or colleagues, fostering financial discipline and community support.
Prodigy Travel Loans
Plan your dream vacation with our Travel Loans, offering up to N3,000,000 to cover travel expenses. Flexible repayment terms available to make your travel plans a reality.
PRODIGY Business Loans
Empower your business with our specialized loan programs, which offer up to N10,000,000 with flexible repayment choices and are designed to help micro and small businesses achieve their goals.
Prodigy LPO Financing
Access finance for your Local Purchase Orders (LPOs) through our LPO Financing, which is designed to give businesses the liquidity they require to meet contractual obligations.
Prodigy Salary Advance
Get a salary advance to cover any unforeseen expenses. Quick approval and flexible payback choices for up to 12 months.
Prodigy Returns To School.
Ensure your children’s education continues with our school fees advance loans, which give up to N2,000,000 in refinancing possibilities and a duration of up to 90 days.
Our overdraft program, linked to your Prodigy Current Account, provides financial flexibility by giving access to money when needed.
Prodigy Future Target Savings:
Achieve your financial objectives with our Future Target saves account, which offers competitive interest rates for disciplined saves.
Prodigy Asset Acquisition Scheme
With our structured financing alternatives, you may easily acquire assets for personal or company use, making asset ownership more accessible.
Final Thought
Prodigy Microfinance Bank has a good outlook despite obstacles that lie ahead. The bank intends to maintain the use of technology and innovation to develop effective strategies while continuing to provide quality financial services to the customers.