PH Co-Operative Floats Microfinance Bank, Next Year

The President of iEBS-Matrixx Co-operative, Amb Larry Goodwill Ajiola, says the group has concluded plans to float a Microfinance Bank in Port Harcourt in 2022.
Ajiola said this during the Co-operative’s last general meeting for the year at L A Kings in Port Harcourt over the weekend.
iEBS President said the Co-operative members would have their passbooks and identity cards, stating that the group would launch into, “real estate ownership, home appliance ownership and transportation business ownership”.
He also noted that other co-operatives are affiliating with iEBS-Matrixx on the federal government loan and other investment which would kick-off next year.
Ajiola reiterated that the group has met all the requirements for the disbursement of some of the loans, which he said maybe accessed before the end of the year.
He expressed worry over what he called impatient and insulting attitude of some members towards federal government loans and grants, adding that most times some leaders frustrate what is expected to benefit the masses.
The secretary of the Co-operative, Mr. Ifeanyi …….. stated the need for the members to be prayerful, adding that the leaders need the grace of God to execute the investment plans.
He noted that most times those at the herm of affairs sits on approvals that have already been given, adding that it takes prayers for such approvals go through.
In his contribution, the chairman of one of the affiliated group, ‘Crested Wealth co-operative’, Mr. Homfrey Ogebek, expressed satisfaction for affiliating with iEBS-Matrixx.
Ogebek noted that his group has generated over 250 members within two weeks for some of the Co-operative programmes, adding that his group has members across the nine states of the South South and South East zones.
Referring to the tension in the members, he said, “it is not easy to lead people. The challenges are much, so there is a great need for members to keep faith alive because iEBS-Matrixx has a huge investment at hand”

By: Lilian Peters