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 on locally- based supplier to further support MSME (micro, small and medium enterprise) growth.
The Bank launched the iVolunteer in 2018. iVolunteer is an employee engagement programme aimed at building a strong cohesive team, working together to make impact in the society, environments and businesses. The Bank identiﬁed speciﬁc areas of volunteering which includes finance, health, environment and education. The iVolunteer team proﬀer ﬁnancial literacy 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 while 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 3,200 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.
We have mentorship programmes to improve quality education and capacity building. We train students on cyber security, leadership, vision board activities, sustainable practices and finance. 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.
The Bank decluttered from its collection of computer systems, refurbished them and donated to specific schools in the South-West and North regions. Employees also participated by donating items such as, insecticide mosquito nets, clothing, food items, toiletries etc. which 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 individuals, micro and small and meduim businesses on financial literacy, book keeping, tax planning, insurance and other important topics. There have been over 350 micro businesses trained bank wide by experienced relationship officers and the Retail Team. This activity not only positioned the Bank as forward-thinking but also as an innovative Bank.