UnionBetta, a platform that gives room for Union Bank to keep to its promise of supporting charitable organisations with a portion of proceeds from its savings product has recorded the highest number of beneficiaries in 2020 since its launch.
Launched in 2016, UnionBetta is a sub-account which allows Union Bank customers earn attractive interest rates for saving as little as ?5000 monthly. In return, the Bank donates a percentage of the interest earned to select Non-Governmental Organisations (NGOs) on behalf of its customers.
For this year, a total of One million, Seven Hundred Thousand Naira (?1.7m) has been donated to 10 different charitable organisations to help support their activities.
Some of the beneficiaries include United Methodist Church of Nigeria Orphanage, Jalingo, Zinnok Initiative for Women & Children, Abia, Teens Dream Initiative, Kwara and Lagos Food Bank Initiative to menyion but a few.
Speaking on this initiative, Union Bank’s Head of Retail Deposits, John Obichie, said that;
“UnionBetta highlights our focus on supporting the average Nigerian. We are excited about this unique product, which presents an opportunity for our customers to save, enjoy competitive interest rates on their savings and support a worthy cause – a win-win situation for all parties concerned.
We thank our customers for believing in this vision and supporting our efforts to create lasting impact.”
“We thank Union Bank for its support and donation. This generous gesture provides the encouragement and moral support needed to continue our mission to reach vulnerable children and women and provide them a means of survival.”