Wema Bank believes in empowerment through nationwide programmes focusing on health, education, finance and environment in achieving the wellbeing of our stakeholders. Several initiatives have been set up to realize this. We also focus more investments on locally- based supplier to further support SMME (small medium and micro enterprise) growth.
The Bank launched the iVolunteer at Wema programme in 2018. iVolunteer is an employee engagement programme aimed at building a strong cohesive team, working together to make impact on societies, environments and businesses. The Bank identiﬁed speciﬁc areas of volunteering which includes financial, health, environmental and educational trainings. The iVolunteer team proﬀer ﬁnancial literacy, discipline and budget clinic to individuals and small business owners in select areas. We have been able to reach out to over 300 individuals and small businesses and some of the businesses have started basic bookkeeping and are currently in the process of putting a structure to their business activities. So far, over 3200 staﬀ and 1,215 hours have been contributed in the iVolunteer programme, and we expect this number to increase as we continue to expand these initiatives. Financial literacy programs are held in schools, communities all over the region of the country to educate them on financial discipline. Textbooks, notebooks, financial literacy courses are offered to the members of community and schools. Also, the Bank contributes to activities such as refurbishing public spaces and giving out of water to the community.
The Bank initiated a Donate & Declutter Campaign for the organization and members of staff. The Bank decluttered from its collection of computer systems, refurbished them and donated to specific schools in the South-West and North regions. The schools chosen were schools that the Bank had previously worked with during the industry-wide commemoration of Financial Literacy Day and World Savings Day. Employees also participated by donating items such as, insecticide mosquito nets, clothing, food items, toiletries e.t.c. The items were donated in different regions such as: South-West, South-South, South-East and North. About 500 lives were reached, with hearty and inspiring smiles and hope for the future.
ALAT our innovative flagship product is the largest financial inclusion programme in the industry and over 50% (200,000) of the total customer base are new to the bank. The Bank organizes training programme for micro and small business on financial literacy, book keeping, tax planning and other important topics. We also organized financial literacy for micro businesses who are customers of the bank during cluster or association meetings majorly at market locations. There have been over 350 micro businesses trained bank wide by experienced relationship officers and the SME team.