AI Issue 6 2017

Acquisition International - June 2017 99 HASAL Microfinance Bank Limited is a Nigerian financial services firm committed to developing a unique microfinance services organization focused on providing creative solutions to the business problems of SMEs and micro companies. We profile this vital and dynamic organisation and the range of services it provides. he Central Bank of Nigeria (CBN) launched the Microfinance Policy, Regulatory and Supervisory Framework for Nigeria in December 2005. HASAL Microfinance Bank Limited applied for License in 2008 and commenced operations on 2nd October, 2008, with Shareholders fund of $148.8 and grew it by additional capital of $1.5m before the end of our 1st financial year, with the aim to provide micro credit to customers in Abuja with broad range of business and personal banking services. As a state license Microfinance bank, the bank has 22 branches/cash centres in the FCT covering six areas councils; AMAC, Gwagwalada, Kuje, Bwari and Kwali, which has enabled HASAL Microfinance bank to deliver micro finance services to residents in the FCT. Company: HASAL MFB Address: Plot 1652, Ahmadu Bello Way, Garki District, Abuja Web: www.hasalmfb.com Magnificence inMicro Financing T 1702AI15 Professionalism, ethics, teamwork and a passion for service are all characteristics which define HASAL and the services it provides. The firm’s corporate philosophy is enshrined in the commonality of purpose of all stakeholders of HASAL. The businesses success is built on these values and hinged on four cardinal points of professionalism, performance, punctuality and practicality. Through its corresponding relationships with various leading banks including First Bank, Eco Bank and diamond bank, customers have the freedom to deposit and withdraw from any of these correspondent banks they may choose, and all HASAL cheques are cleared through these banks. Also all transactions required from commercial banks are routed through the networks of these correspondent banks, ensuring clients benefit from a wide reach. Fundamentally, HASAL Microfinance Bank Limited is committed to supporting its clients and providing them with the services and solutions they need to finance their futures. Magnificence in Micro Financing