Welcome to Victory Empowerment Centre
Delivering Excellent Microfinance Service
Established 2013
Victory Empowerment Centre
We Use Our Focused Set Of Capabilities To Build Great Experiences
Victory Empowerment Centre (VEC) is a micro-finance Non Governmental Organization (NGO) with a prime objective of improving the living of the poor women through innovative and flexible micro-finance services.
VEC provides small, repayable business loans and services for women and supports other poverty-reduction strategies in places where VEC can make a difference. Victory Empowerment Centre’s commitment is to education, to mutual communication, and to furthering the Nigeria’s effort to alleviate poverty.
Our Products
Micro Loan Services For You
Group Loan
Group Loan supports small business owners through teamwork. It offers easy access to funds.
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Individual Loan
Victory MFI’s Individual Loan is tailored for business owners seeking higher amounts to expand
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Our Mission
To support the active poor that are financially incapacitated by empowering them through Micro-credit scheme to improve their socio-economic condition.
Our Values For Excellence
To build a steady realizable future for the small scale business entrepreneurs for a better living in Nigeria, with special focus on women.
- Reliability
- Teamwork
- Excellent Customer Service
- Integrity
- Accountability
Membership
Membership is open only to active poor women and men, who are unable to have access to bank loans and are determined to engage in small financially viable activities through micro loans.
Microfinance being provision of financial services for poor and low-income clients without access to formal financial institutions offered by different types of service providers. In practice, the term is often used more narrowly to refer to loans and other services from providers that identify themselves as “micro-finance institutions” (MFIs). Microfinance refers to a movement that envisions a world in which low-income households have permanent access to a range of high quality and affordable financial services offered by a range of retail providers to finance income-producing activities, build assets, stabilize consumption, and protect against risks. These services include savings, credit, insurance, remittances, payments, and others.
The opportunity of Micro-financing was triggered by the poor performance of the conventional finance sector. The essence was to reach the overwhelming population of the poor in Nigeria and to assist in the drive to alleviate poverty. Barely a million had been provided with some small credit in Nigeria while over 40 million poor are yet to be attended to in terms of supply of microloans. Micro-finance specific institutions in Nigeria have not adequately addressed the gap in terms of credit, savings and other financial services required by the micro entrepreneurs. The existence of Micro-finance institutions in Nigeria was based on the existence of a huge unserved market, over 80 million people with a population of over 150 Million been the most populous country in Africa, two third of Nigeria people are poor and they all depend on microloan for their livelihood.
Victory Empowerment Centre is a microfinance Non Governmental Organization, registered with the Corporate Affairs Commission (CAC) Certificate Number (CAC/IT/NO 61969).
Also registered with Special Control Unit Against Money Laundering (SCUML) an arm of Economic and Financial Control Commission (EFCC) in Nigeria, Certificate Number SC 251400532. Also a member of Association Of Non-Bank Microfinance Institution of Nigeria (ANMFIN)
Victory Empowerment Centre methodology is based on international best practices in micro-finance delivery, and is essentially an adaptation of the Grooming People for Better Livelihood in Nigeria and International methodology to local market conditions. VEC offers various loan options, including daily loans, bottom loans, small loans, and SME loans, specifically designed for active poor individuals who often face challenges accessing traditional banking services. By providing these financial solutions, VEC aims to empower entrepreneurs and small business owners, helping them grow their business and improve their economic stability.
Business Partners
Customer Reviews
See What Our Clients Speak
Abiodun Oketunji
I am Obajimi Kehinde Folashade. I am the group leader of De Joy Group in Lagos branch. I have been collecting money from VEC since 2 years now. Victory Empowerment Centre has helped me to grow my business. When I started as a leader I had challenges but with motivations from the branch manager, things turned out fine. Right now my business is doing very fine and my group has grown big. We appreciate them and we want VEC to grow big so as to give us more money for our business. All the members of my group are doing well in their business too. Thank you Victory!
Obajimi Kehinde Folashade
I am Mrs Aina Mama , the Group leader of Diamond group in Akowonjo branch, we are 15 members. We thank Victory Empowerment Centre for being our business partners, our business is going well with all my group members that is why we are paying back very well so as to collect more money to grow our business bigger.
Mrs Aina Mama
I am Abosede Adewale, a member of pemisayo group at Ikotun branch. I have been collecting money from VEC to do my business since 4 years now. Victory Empowerment Cenre has been my partner in business for 4 years. They have been like a family to me. Is only when you collect money from other microfinance that you can know what I am talking about..? Since I joined them my business has continued to grow as you can see. I have a lot of people selling for me and patronizing me now. I don’t struggle to pay my money, because their money is good and I sell my market well.
Abosede Adewale
I am Abiodun Aketunji, Leader of Temitope Group, Akowonjo Road. I have been collecting money for my business from Victory since 2 years. My business was moving slowly. I now started collecting money from Victory Empowerment Centre. Since then my business has picked up and is moving fine. I don’t struggle to pay because I sell my building materials well. We want Victory Centre to give us bigger money next stage so that we can buy more products and grow our business more. The economy is too bad and cost of things are increasing every day. I prefer them to other micro-finance because of their professionalism and understanding. The staff is very friendly and have listening ears.
Abiodun Aketunji
I prefer Victory Empowerment to other micro-finance due to their professionalism and understanding. They are friendly and have listening ears. My business has grown so well since I started collecting money from Victory Empowerment Centre.
Onaolapo F.
Victory Empowerment Centre is a good business companion. Since I started with them over two years now, I have no cause to regret and we pray for God to keep them for us.
Jumoke Ogurinde
I have been collecting money from Victory Centre since 2015. We thank God for our business with VEC, they have been helping us and our business is growing.
Yemi Onoya
Victory Empowerment Centre has helped me push my business well well, we observe that the Money we collect always come back and we are able to pay back. Thank you Victory!
Oluwatosin Adesina
Victory Centre came to our rescue when our business was suffering due to lack of money, so we appreciate them, because when we see our business now we are happy that is why I am smiling and I am also happy and we ask them to give us more money.
Jumoke Kolawole
I have been collecting money from Victory Centre for a year now. I thank God for the money they have been giving me . It has helped my business to grow well. The money is good each time I buy market, I sell very well and by so doing I don’t owe and business is going well.
Victory! Overcome poverty!