Specialised financial institution Crystal Finance Company has highlighted its sustainable growth as it marked its 10th anniversary.
In a statement on Tuesday, the company said it gathered customers, and staff members at an evening dedicated to honouring staff and foundational clients for their loyalty.
The PUNCH reports that Crystal Finance is known for offering tailored financial solutions that empower Small and Medium Enterprises.
Delivering his opening remarks, the chairman of Crystal Finance Company, Uyi Oronsaye, reminisced on the journey and the growth that have accompanied the company amidst different challenges.
Oronsaye stressed that the company has witnessed steady growth, primarily driven by its professional posture and transparent, reliable service delivery, which have helped it earn the confidence of customers and other stakeholders.
He explained that the milestone celebration offered an opportunity to recognise the people behind the journey, particularly the commitment of management, the diligence of staff, and the support of partners who have all played a vital role in shaping the company to date.
Oronsaye concluded by stating that “while the next decade and future of the finance industry would experience a cataclysmic shift, what remains constant is the responsibility of the Board and Management to uphold sound judgment, strong governance, and preserve the trust carefully built over time.”
Also speaking, the Managing Director of Crystal Finance, Imhoudu Mamudu, described the past decade of running the institution as a journey of discipline, learning, and responsibility.
He said, “Setting out about 10 years ago, the company decided to do things differently and break away from the stereotype that the sub-sector was being ascribed. We spent about six months training our staff, building the systems, and testing our assumptions. We prioritised governance and risk management over scaling and rapid growth. Growth was important, but we wanted it to be sustainable.”
Mamudu also spoke on some of the impact the company has made over the years, particularly in the area of Corporate Social Responsibility. He said the company’s CSR projects are structured around promoting education and preserving the environment. To support these courses, the company has empowered several schools through donations of reading and writing materials, classroom refurbishment, scholarships, and cash awards to indigent students.
He said the company went a notch further in 2024, when it launched an initiative to build and grow students’ entrepreneurial spirit, so they can learn to develop and grow businesses rather than depend solely on finding jobs after graduation. The pilot scheme was launched with the University of Lagos and plans to extend the initiative to other tertiary institutions within its area of operation.
In championing a sustainable environment, the Managing Director disclosed that the company has designed products specifically to finance recycling and waste management. He also informed the audience that the company is a strong advocate of financial inclusion and gender equality in the consumption of financial products.
The Managing Director said the company was prepared to evolve with the times, but it would not lose its essence and character in the process. He said the objective remains clear, to build an institution that endures.
At the event, members of staff and clients who supported the company right from inception were recognised and rewarded.
The award categories include the Foundational Clients Award, Long Service Award, Exceptional Contribution Award, Outstanding Performance Award, and Rising Star Award.
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