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African Chapter
Africa is the continent where the GABV has seen slower growth, although this has accelerated in the past two years. For that reason, a formal chapter has not been started yet and its formal creation is expected during the first few months of 2020.
Two full member banks: Centenary Bank (Uganda) and LAPO Microfinance Bank (Nigeria), and two associate banks: Grooming Microfinance Bank (Nigeria) and Opportunity International Savings and Loans (Ghana), will be part of the African chapter and will be supported by a relevant group of GABV Supporting Partners that are actively operating in the African continent.
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In the last two years, successful public conferences have been organised by our full members to raise awareness of values-based banking: October 2018, Values-based Financial Inclusion. The benefits of sustainable banking, organised by Centenary Bank in Kampala (Uganda), and November 2019, Enhancing Sustainable Finance in the Microfinance Subsector, organised by LAPO Microfinance Bank in Lagos (Nigeria).
The GABV expects a rapid growth in number of members, visibility and closer cooperation amongst members and supporting partners in the region once the chapter starts its activities formally in the coming months. Ehancing Sustainable Finance in Microfinance Subsector, LAPO Microfinance Bank, Lagos 2019
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STORY Centenary Bank, Uganda
Mpanga Growers Tea Factory is a cornerstone of Western Uganda’s economy. Established to protect small tea growers against competitors, it has leveraged loans to double its capacity and provide 4,700 jobs and a source of income to 800 families in Kabarole and Kyenjojo Districts.
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STORY LAPO Microfinance Bank, Nigeria
Students get a hand up with the Skills Acquisition Scheme, a LAPO-microfinanced training program that provides youth with marketable career skills, empowerment and a sense of community. In partnership with the Nigerian Directorate of Employment, the program improves youths’ financial and life situations while training them in event management, interior design, plumbing, hairdressing and catering, among other trades.
