MICROCAPITAL BRIEF: Max to Boost Financing of Motorcycle Taxis for Okada Drivers in Nigeria with $3m Credit Line from VFD Microfinance Bank, Operator of VBank

Nigeria’s VFD Microfinance Bank, whose primary offering is the VBank online banking service, recently agreed to open a credit line for Max, a Nigeria-based provider of electric and conventional motorbike leasing and other services to taxi drivers. In addition to lending Max up to USD 3 million, the bank will offer Max’s okada drivers