NEWS: Church of Brethren (EYN) Establishes Micro Finance Bank to support Small Scale Entrepreneurs in the State.

By Tom Garba

The Church of Brethren in Nigeria popularly known as EYN church has opened its Microfinance Bank known as Brethren Micro Finance Bank (BMFB) in Yola to support  small scale entrepreneurs, particularly in rural areas across the State. 

Speaking at the inauguration ceremony of the bank, the President of the Church, Rev. Joel Billi said the bank is not meant for Christian alone but all members of the public irrespective of tribe and religion.

Billi who urged the public particularly small scale entrepreneurs in rural areas to patronized the various services to be provided by the bank in boosting their businesses said the bank has hope to expand its branches across the state and nationwide.

In his speech, Gov. Muhammadu Bindow of Adamawa represented by the state Head of Service, Mr Louis Mandama lauded the church for setting the pace in opening a bank and urged other religious organization to emulate it.

In their respective remarks, the Arch Bishop of Lutheran Church of Christ, Bishop Filibus Musa and the Bishop of Yola Catholic Diocese who is also the State chairman of Christian Association Nigeria (CAN), Bishop Stephen Mamza lauded the Church of Brethren for the initiative and prayed for it success.

"You have shown us the way, and by the grace of God this project has no option than to succeed.

"I want to assure you on behalf of all churches that this project is ours, it will not fail, the Lord has never failed us- it shall succeed in Jesus name," Mamza said.

Earlier in his keynote address, the Chairman Board of Finance Committee of the Bank, Mr Paul Gadzama said the bank was set up to provide financial services to the neglected segment of the society.

"The public should invest in Brethren Microfinance bank which mission is to deliver efficient and affordable financial services focused on promoting the creation and development of flourishing enterprise businesses and generation of employment to the productive vulnerable poor for sustainable livelihood..

"We call on potentially dynamic entrepreneurs who lack the finance to come and tap from the unique services of the Brethren Micro Finance Bank," Gadzama said.