Oyo State Pacesetter Microfinance Institution entered into agreement with Blue Intercontinental Microfinance Bank by signing a memorandum of Agreement dated 1st of November, 2008. The achievements through Blue Intercontinental Microfinance Bank are as follows:
Introduction of four Micro loan and five Savings Products into the Oyo State Market. These products are:
LOAN PRODUCTS
Oyo state Pacesetter Microfinance Institution, a grassroots empowerment Institution of Oyo State Government, established by the state Act signed into law on the 22nd of August, 2008 entered into an agreement with Grooming People for Better Livelihood Centre by signing a memorandum of agreement dated 14th of January, 2010.
The agreement is a product of the Public/ Private sector partnership initiative of the Government targeting the provision of microfinance services to the economically active poor in the 33 local governments, 3 senatorial Districts, and 344 Wards of the State using globally tested best practice approaches on financial intermediation of the poor.
Overall, the project achieved and surpassed initial set targets. Demand for loans by the women group has been rapidly increasing, indicating that the services offered are targeting the real needs of the targeted groups in the state.
The recovery rate has consistently been 99% while portfolio at risk (PAR), a key indicator for measuring the health of microfinance programs has also been consistently below the global best practice standard of 5%. Grooming Centre operate from 47 branches in Oyo State covering 22 local Government Areas of the State.
Attached for download is the summary of achievement of the Centre from 2012 to February, 2017. Download.
Olowolagba Microfinance Bank is the Service Provider that signed memoranda of agreement with Pacesetter microfinance Institution on 7th April, 2010. This was done in order to ensure proper repayment of the money.
Meanwhile, the programmes was initiated to further alleviates poverty among the teeming masses in the State. This good gesture was showcased in different form by purchasing 70 Taxi Cabs that was distributed in the interest of NURTW within the ambit of Ogbomoso and its environs.
The Oyo State Government has assured residents of Ogbomoso town and its environs to expect restoration of water flow soonest. Chairman of Water Corporation, Hon. Elias Adeojo affirmed this commitment while inspecting the ongoing works in the Randa and Waterworks of Ogbomoso Area. He explained
As part of the digital transformation initiatives of the State Government. Oyo State Government is collaborating with Tech4Dev Initiative on digital upskilling for all Civil Servants in the State, tagged ‘’DigitalForAllChallenge’’ This is an opportunity to learn in-demand digital skills and also compete for a
The Jericho Metro Rotary Club, Ibadan Chapter, in partnership with Ken & George, USA, on Tuesday, distributed food items to Eighty adhoc staff of the Ministry of Environment and Natural Resources, who clean the metropolitan roadsides. While presenting the palliatives to the beneficiaries, the President,
