Auto Bucks Lenders, a subsidiary of Alert Group, has announced significant achievements in supporting small and medium-sized enterprises (SMEs) through its Ibadan branch. Over the past nine months, the company has disbursed nearly N2 billion in loans to entrepreneurs, facilitated by a streamlined application process that has minimized paperwork and enhanced customer satisfaction.
In a statement released on Thursday, the company highlighted its successful loan disbursement strategy and its impressive performance metrics, including maintaining a Portfolio at Risk (PAR) of zero in its first year of operation.
> “Auto Bucks Lenders, a subsidiary of Alert Group and the major SME lending arm, has achieved remarkable success through its Ibadan branch. Over the past nine months, the branch has disbursed almost N2 billion in loans to entrepreneurs, following its impressive accomplishment of maintaining a PAR Zero in its first year of business,” the statement read.
Branch Network and Expansion Plans
Auto Bucks Lenders operates a network of branches in Lagos, Ibadan, and Abeokuta, with plans for further expansion to support more SMEs across the region. The firm projects reaching N3 billion in loan disbursements by its first anniversary, reaffirming its commitment to providing accessible financing solutions to small businesses.
> “With a branch network that spans Lagos, Ibadan, and Abeokuta, Auto Bucks Lenders continues to support small and medium-sized enterprises by providing easy access to financing,” the release noted.
Launch of Alert MFB’s New Mobile App
In a related development, Alert MFB, another subsidiary of Alert Group, has launched an innovative mobile app designed to redefine the banking experience for its users. The app offers a comprehensive suite of services, including funds transfer, bill payments, airtime recharge, and account management, all accessible from users’ mobile devices.
> “We are excited to announce the release of our innovative new mobile app, designed to set a new standard for app users. This sleek and fast app goes beyond the normal functions, offering a comprehensive suite of banking services including funds transfer, bill payments, airtime recharge, and account management,” the firm explained.
This development reflects Alert Group’s ongoing efforts to enhance customer experience through technological advancements and to provide comprehensive banking solutions that meet the evolving needs of their clients.
