Microfinance Bank (MFB) is any company licensed by the Central Bank of Nigeria CBN to carry on the business of providing financial services such as savings and deposits, loans, domestic funds transfer and non-financial services to microfinance clients. Microfinance bank can be established by individuals, groups of individuals, community development associations, private corporate entities or foreign investors.
- They are established to make financial services accessible to a large segment of the potentially productive Nigerian population which would otherwise have little or no access to financial services.
- They provide synergy and mainstreaming of the informal sub-sector into the national financial system.
- They enhance service delivery by microfinance institutions to micro, small and medium entrepreneurs (MSMEs).
- They contribute to rural transformation by mobilizing savings.
- They promote linkage programme between microfinance institutions (MFIs), Deposit Money Banks (DMBs), Development Finance Institutions (DFIs), specialized Funding institutions.
- They create employment opportunities and increase the productivity and household income of the economically active poor in the country, thus enhancing their standard of living.
- They promote a platform for microfinance service providers to network, exchange view and share experience.
What distinguish other financial institutions from microfinance banks are the smallness of loans advanced and/or savings collected, the absence of asset-based collateral and the simplicity of their operations.
Complete List of Micro-Finance Banks in Nigeria
- AACB Microfinance Bank Limited
- AB Microfinance Bank Limited
- Abia SME Microfinance Bank
- Alert Microfinance Bank
- Abia State University Microfinance Bank Limited
- Abigi Microfinance Bank Limited
- Above Only Microfinance Bank
- Abubakar Tafawa Balewa University (ATBU) Microfinance Bank
- Abucoop Microfinance Bank Limited
- Abulesoro Microfinance Bank
- Accion Microfinance Bank Limited
- ACE Microfinance Bank Limited
- Achina Microfinance Bank Limited
- ADA Microfinance Bank Limited
- Adazi-Enu Microfinance Bank Limited
- Adazi-Nnukwu Microfinance Bank Limited
- Addosser Microfinance Bank Limited
- Adeyemi College Staff Microfinance Bank
- Afekhafe Microfinance Bank
- Afemai Microfinance Bank Limited
- Agosasa Microfinance Bank Limited
- Ahmadu Bello University Microfinance Bank Limited
- Aibio Microfinance Bank
- Ajewole Microfinance Bank Limited
- Ajose Microfinance Bank Limited
- Ajuta Microfinance Bank Limited
- Akalabo Microfinance Bank Limited
- Akokwa Microfinance Bank Limited
- Akpo Microfinance Bank Limited
- Aku Diewa Microfinance Bank Limited
- Akuchukwu Microfinance Bank Limited
- Al-Barakah Microfinance Bank Limited
- Albasu Microfinance Bank Limited
- Alekun Microfinance Bank Limited
- Algreb Microfinance Bank
- Al-Hayat Microfinance Bank
- Aliero Microfinance Bank Limited
- All Workers Microfinance Bank Limited
- Alor Microfinance Bank Limited
- Alpha Kapital Microfinance Bank
- Alvana Microfinance Bank Limited
- AMAC Microfinance Bank
- Amazu Microfinance Bank Limited
- Amegy Microfinance Bank Limited
- AMJU-Unique Microfinance Bank Limited
- AMML Microfinance Bank Limited (Abuja Markets Management Ltd)
- Ampersand Microfinance Bank
- Amucha Microfinance Bank Limited
- Anchorage Microfinance Bank Limited
- Aniocha Microfinance Bank Limited
- Annointed Microfinance Bank Limited
- Aogo Microfinance Bank Limited
- Apa Microfinance Bank Limited
- Apex Trust Microfinance Bank Limited
- Apple Microfinance Bank Limited
- Aramoko Microfinance Bank Limited
- Aris Microfinance Bank
- Asha Microfinance Bank Limited
- Aspire Microfinance Bank LImited
- Asset Matrix Microfinance Bank Limited
- Assets Microfinance Bank Limited
- Tangerine Money Microfinance Bank
- Astra Polaris Microfinance Bank Limited
- Auchi Microfinance Bank Limited
- Avunegbe Microfinance Bank Limited
- Awe Microfinance Bank Limited
- Awka-Etiti Microfinance Bank Limited
- Awkuzu Microfinance Bank Limited
- Suntop Microfinance Bank
- AZSA Microfinance Bank Limited
- B C Kash Microfinance Bank
- Babba Microfinance Bank Limited
- Babcock Microfinance Bank Limited
- Babura Microfinance Bank Limited
- Baines Credit Microfinance bank
- Balera Microfinance Bank Limited
- Balogun Fulani Microfinance Bank Limited
- Balogun Gambari Microfinance Bank Limited
- Bam Microfinance Bank Limited
- Banex Microfinance Bank Limited
- Baobab Microfinance Bank
- Barnawa Microfinance Bank Limited
- Bauchi CFA Mirofinance Bank Limited
- Bauchi Investment Corporation MFB Limited (BIC)
- Bawyi Microfinance Bank Limited
- Bayajidda Microfinance Bank Limited
- Bayero University Microfinance Bank
- Bayetin Microfinance Bank Limited
- Bejin-Doko Microfinance Bank Limited
- Benue Microfinance Bank
- Benysta Microfinance Bank
- Berachah Microfinance Bank Limited
- Best Star Microfinance Bank Limited
- Bethel Microfinance Bank Limited
- Better Life Microfinace Bank
- Bichi Microfinance Bank Limited
- Bida Polytechnic Microfinance Bank
- BLUCON MFB
- BLUE RIDGE MFB
- BLUEPRINT INVESTMENTS MFB
- BOCTRUST MFB
- BOI MFB
- BOJI BOJI MFB LTD.
- BOKKOS MFB
- BOMPAI MFB
- BONGHE MFB
- BORGU MFB
- BORNO RENAISSANCE MFB LTD.
- BOROMU MFB
- BORSTAL MFB
- BOSAK MFB
- BOWEN MFB
- BOWMAN MFB
- BRETHREN 燤FB
- BRIGHTWAY MFB LTD
- BROADVIEW MFB
- BROOKS MFB
- BUBAYERO MFB LTD
- BUNDI MFB
- BUNGUDU MFB
- BUNKASA MFB
- BUNKURE MFB
- BUSU MFB
- CANAAN MFB
- CAPITALMETRIQ SWIFT MFB
- CAPSTONE MFB
- CARBON MFB
- CARETAKER MFB
- CASH RITE MFB
- CASHCONNECT MFB
- CASTLE MFB
- CATLAND MFB
- CEDAR MFB
- CHALLENGE MFB
- CHANELLE MFB
- CHANGAN RTS MFB
- CHASE MFB LTD
- CHEVRON EMPLOYEE CO-OPERATIVE MFB (CEMCS)
- CHIBUEZE MFB
- CHIKUM MFB
- CHRISORE MFB
- CHRONICLES MFB
- CHUKWUNENYE MFB
- CINTRUST MFB
- CIT MFB
- CITIZEN TRUST燤FB
- CITY MISSION METHODIST MFB
- CIVIC MFB
- CLOVERLEAF MFB
- COAL CAMP MFB
- COASTLINE MFB
- COEMINNA MFB
- CONFIDENCE MFB
- KREDI MONEY MFB (Formerly CONPRO MFB)
- CONSISTENT TRUST MFB
- CONSUMER MFB
- CORESTEP MFB
- COVENANT MFB
- CREEKLINE MFB
- CRESCENT MFB
- CREST MFB
- CROSSRIVER MFB
- CRUTECH MFB
- CRYSTABEL MFB
- CSD MFB
- CUSTODIAN MFB
- DAILY-TRUST MFB
- DAL MFB
- DAMBATTA- MAKODA MFB
- DAVODANI MFB
- DAWAKIN KUDU MFB
- DAWAKIN TOFA MFB
- DAYLIGHT MFB LTD
- DEC-ENUGU MFB
- DESTINY MFB
- DIOBU MFB
- DOGUWA MFB
- DOLPHIN MFB
- DORBEN MFB
- DUTSE MFB
- EAGLE FLIGHT MFB
- EARNWELL MFB
- EAST GATE MFB
- EASTMAN MFB
- EASY ACCESS MFB LTD
- e-BARCS MFB
- EBEDI MFB
- EBONYI STATE UNIVERSITY MFB (EBSU)
- EDFIN MFB
- EDO MFB
- EGBE MFB
- EGBEMOHA MFB
- EGWAFIN MFB
- EJINDU MFB
- EKIMOGUN MFB
- EKONDO MFB
- EK-RELIABLE MFB
- EKWULOBIA MFB
- ELO-EMEDE MFB
- EMERALD MFB
- EMPIRE TRUST MFB
- ENDWELL MFB
- ENEDE MFB LTD
- ENRICH MFB
- EQUATOR MFB
- EQUINOX MFB
- ESO-E MFB
- EVERGREEN MFB
- EWT MFB
- EXCEL MFB
- EZEBO MFB
- FAIDA MFB LTD
- FAIRMONEY MFB LTD
- FAME MFB
- FAST MFB
- FCMB MFB LTD.
- FECETU MFB
- FEDERAL POLYTECHNIC, NEKEDE MFB LTD
- FEDETH CO-OP MFB
- FEDPOLY NASARAWA MFB
- FFS MFB
- FIDFUND MFB
- FIMS MFB
- FINATRUST MFB
- FINCA MFB
- FINEX MFB
- FIRMUS MFB
- FIRST ACCESS MFB LTD
- FIRST HERITAGE MFB
- FIRST LOW-LAND MFB
- FIRST MUTUAL MFB
- FIRST OPTION MFB
- FIRST ROYAL MFB
- FLOURISH MFB
- FORESIGHT MFB
- FORTRESS MFB
- FORWARD MFB
- FRONTLINE MFB
- FUD MFB
- Fullrange Microfinance Bank Ltd
- FUT MINNA
- FUTO MFB
- GAA AKANBI MFB
- GABASAWA MFB
- GAMAWA MFB
- GAREWA MFB
- GARKI MFB
- GARU MALLAM MFB
- GASHUA MFB
- GAYA MFB
- GBEDE MFB
- GEZAWA MFB
- GIANT STRIDE MFB LTD
- Gidauniya Alheri MFB
- GIGINYA MFB
- GIREI MFB
- GIWA MFB
- GLOBAL INITIATIVE MFB
- GLORY MFB
- GMB MFB
- GOBARAU MFB
- GOLD MFB
- GOLDEN CHOICE MFB
- GOLDMAN MFB
- GOMBE MFB
- GOOD NEIGHBOURS MFB
- GOOD NEWS MFB
- GOOD SHEPHERD MFB
- GOWANS MFB
- GRANTS MFB
- GREEN ACRES MFB
- GREEN ENERGY MFB
- GREEN-BANK MFB
- GREENVILLE MFB
- GROOMING MFB
- GTI MFB
- GUDUSISA MFB
- GULFARE MFB
- GWONG MFB
- HADEIJA MFB
- HALAL CREDIT MFB
- HALLOWED MFB
- HAMADA MFB
- HAMDA MFB
- HASAL MFB
- HEADWAY MFB LTD
- HIGHLAND MFB
- HINACHE MFB
- HONEY MFB
- HOPE ALIVE MFB
- IBETO MFB
- IBILE MFB
- IBOM FADAMA MFB
- IBOLO MFB
- IBRAHIM BADAMASI BABANGIDA UNIVERSITY 燤FB
- IBU-AJE MFB
- I-Care Microfinance Bank Ltd
- ICHI MFB
- IDEATO MFB
- IDEMILI MFB
- IFEDAPO MFB
- IFELODUN MFB
- IGBOORA MFB
- IGBO-UKWU MFB
- IHIALA MFB
- IJARE MFB
- IJEBU IFE MFB
- IKENNE MFB
- IKIRE MFB
- IKORODU DIVISION MFB
- IKOYI-ILE MFB
- IKOYI-OSUN MFB
- ILARO POLYTECHNIC MFB
- ILE-OLUJI MFB
- ILISAN MFB
- ILOBU MFB
- ILOFFA MFB
- ILORA MFB
- ILORIN MFB
- ILUDUN ORO MFB
- ILUTUNTUN-OSORO MFB
- IMO STATE MICROFINANCE BANK
- IMODI-IMOSAN MFB
- IMOPOLY MFB
- IMOWO MFB
- IMSU MFB
- IMT MFB
- INFINITY MFB
- INSIGHT MFB
- IPAPO MFB
- IPERU MFB
- IRL MFB
- ISALE OYO MFB
- ISHIAGU MFB
- ISHIE MFB
- ISI-UZO MFB
- ISLAND MFB
- ISUOFIA MFB
- ISUA MFB
- IWA MFB
- IWADE MFB
- IWOYE-IJESA MFB
- IYAMOYE MFB
- IYERU OKIN MFB
- IYIN EKITI MFB
- IZON MFB LTD
- JANMAA MFB
- JANZAMA MFB
- JEN MFB
- JESSEFIELD MFB
- JEWEL COOP MFB
- KABO MFB
- KADPOLY MFB
- KADUPE MFB
- KAMBA MFB
- KANKIA MFB LTD
- KANO POLY MFB
- KANO-WEST MFB
- KATAGUM MFB
- KAYVEE MFB
- KC MFB
- KCMB MFB
- KENECHUKWU MFB
- KHB MFB
- KINGDOM COLLEGE MFB LTD
- KISI MFB
- KKU Microfinance
- KMC MFB
- KONTAGORA MFB
- KOPO-KOPE MFB
- KUDA MFB
- KUMBOTSO MFB
- KUNAGABA MFB
- KUNCHI MFB
- KURA MFB
- KUSALLA MFB
- KWACOFOCUS MFB
- KWASU MFB
- KWATASHI MFB
- LA FAYETTE MFB
- LANDGOLD MFB
- LAPO MFB
- LAVENDER
- LAWYERS MFB
- LAYELU MFB
- LEADCITY MFB
- LEGACY MFB
- LEGEND MFB
- LETSHEGO MFB
- LEVITE MFB
- LIFEGATE MFB
- LIGHT MFB
- LINKS MFB
- LIVING SPRING MFB
- LOBREM MFB
- LOVONUS MFB
- M & M MFB
- MAB ALLIANZ MFB LTD
- MACROD MFB
- MADELYN MFB
- MADOBI MFB
- MAGAJIN-GIRI MFB
- MAGNET MFB
- MAIGATARI MFB
- MAIN TRUST MFB
- MAINLAND MFB
- MAINSTREET MFB
- MALACHY MFB
- MAPOLY MFB
- MARITIME MFB
- MATAZU MFB LTD
- MAXITRUST MFB
- MBAITOLI MFB
- MBAWULU MFB
- MEGA MFB
- MEGAPRAISE MFB
- MEMENTO MFB LTD
- MEMPHIS MICROFINANCE BANK LIMITED
- MERCHANT MFB
- MERIDIAN MFB
- MGBIDI MFB
- MICHEAL OKPARA UNIVERSITY MFB
- MICROVIS MFB
- MIDLAND MFB
- MINJIBIR MFB
- MINJI-SE CHURCHILL MFB
- MKOBO MFB LTD
- MODEL MFB
- MODIYA YEKOKPE MFB
- MOLUSI MFB
- MONARCH MFB
- MONEYTRONICS MFB (Formerly Ipodo-Ikeja MFB)
- Moneytrust MFB
- MOYOFADE MFB
- MOZFIN MFB
- MULTIVEST MFB
- MUTUAL BENEFIT MFB
- MUTUAL TRUST MFB
- MWAGHAVUL MFB
- NAGARTA MFB
- NAISA MFB
- NAKOWA MFB
- NAMODA MFB
- NASARAWA MFB
- NDIOLU MFB
- NDIORAH MFB
- NENZIT MFB
- NEPTUNE MFB
- NEW DAWN MFB
- NEW ERA MFB
- NEW GOLDEN PASTURES MFB
- NEW WOMEN’S MFB
- NGBO MFB LTD
- NICE MFB
- NIGERIAN NAVY MFB LTD
- NIGERIAN PRISONS MFB
- NINGI MFB
- NIRSAL MFB
- NKPA MFB
- NKPOLOGWU MFB
- NKPOLU-UST MFB
- NNOKWA MFB
- NOBLE MFB
- NOMASE MICROFINANCE BANK LTD
- NOUN MFB
- NOVEL MFB
- NPF MFB
- NRI MFB
- NSU MFB
- NSUK MFB
- NSUKKA TOWNSHIP MFB
- NUMO MFB
- NUN MFB
- NUT OKEBOLA MFB
- NWANNEGADI MFB
- OAKLAND MFB
- OBA MFB
- OBAFEMI AWOLOWO UNIVERSITY MFB
- OBELEDU MFB
- OBODOUKWU MFB
- OBOKUN MFB
- OBOLLO MFB
- OCHE MFB
- OCON SUCCESS MFB
- OCTOPUS MFB
- ODOAKPU MFB
- ODU MFB
- OGBERURU MFB
- OGBETE MFB
- OGBOEFERE MFB
- OGIGE MFB
- OGIYAN MFB
- OHAFIA MFB
- OHHA MFB
- OJOKORO MFB
- OKEAGBE MFB
- OKENGWE MFB
- OKO MFB
- OKPE MFB
- OKPOFE MFB
- OKPOGA MFB
- OKUKU MFB
- OKUTA MFB
- OKWO-OHA MFB
- OLABISI ONABANJO UNIVERSITY MFB
- OLIVE MFB
- OLOWOLAGBA MFB
- OLU-BASIRI MFB
- OLUCHUKWU MFB
- OMAK MFB
- OMIYE MFB
- OMUMA MFB
- ONIBU-ORE MFB
- ORAUKWU MFB
- OKE- ARO OREDEGBE MFB
- ORILONISE MFB
- ORISUN MFB
- ORITA BASORUN MFB
- OROKAM MFB
- ORSU MFB
- OSANTA MFB
- OSCT MFB
- OSI MFB
- OSOMHE MFB
- OSPOLY MFB
- OSUMENYI MFB
- OTUO MFB
- OURS MFB
- OWOTUTU MFB
- OYAN MFB
- PALMCOAST MFB
- PALMERA MFB
- PANA MFB
- PARKWAY MFB
- PATHFINDER MFB
- PATRICKGOLD MFB
- PEACE MFB
- PECAN TRUST MFB
- PENINSULA MFB LTD
- PENNYWISE MFB
- PENTECOST MFB LTD
- PERSONAL TRUST MFB
- PETRA MFB
- PHOENIX MFB
- PILLAR MFB
- POLYBADAN MFB
- POLYUNWANNA MFB
- PREEMINENT MFB
- PRESTIGE MFB
- PRISCO MFB
- PRISTINE DIVITIS MFB
- PROJECTS MFB
- PROSPECTS MFB
- PROSPERITY MFB
- PYRAMID MFB
- QUBE MFB
- QUICKFUND MFB
- RAHAMA MFB
- RAKIB MFB
- RAMILOWO MFB
- RANDALPHA
- RANO MFB
- REFINED BENEFITS MFB
- REGENT MFB
- REHOBOTH MFB
- RELIANCE MFB
- RENMONEY MFB
- REPHIDIM MFB
- RIC MFB
- RICHWAY MFB LTD.
- RIGO MFB
- RIMA GROWTH PATHWAY MFB LTD
- RIMA MFB
- RIMIN GADO MFB
- RIVERSIDE MFB
- ROCKSHIELD MFB
- ROLEZ MFB
- ROYAL BLUE MFB
- ROYAL EXCHANGE MFB
- ROYAL LIFE KEY MFB
- ROYAL MFB
- RUBIES MFB
- SABI MFB
- SABON YELWA MFB
- SABUWA MFB LTD
- SAFANA MFB
- SAFE HAVEN MFB
- SAFEGATE MFB
- SAFELINE MFB
- SAGAMU MFB
- SANDAMU MFB
- SAPIDA MFB
- SARKIN KUDU MFB LTD
- SEAP MFB
- SEEDVEST MFB
- SENCHI MFB
- Shalom MFB
- SHANONO MFB
- SHEPHERD TRUST MFB
- SHIELD MFB
- SHONGOM MFB
- SINCERE MFB
- SLS MFB
- SMARTMICRO MFB
- SNOW MFB
- SOLID ALLIANZ MFB
- SOLID ROCK MFB
- Solid Trust MFB
- SOROMAN MFB
- SPARKLE MFB
- SPECTRUM MFB
- STANDARD MFB
- STANFORD MFB
- STATESIDE MFB
- STELLAS MFB
- STEP BY STEP MFB
- STILLWATERS MFB LTD
- STOCKCORP MFB
- SULSPAP MFB
- SUMAILA MFB
- SUNBEAM MFB
- SUPPORT MFB
- SUPREME MFB
- SURE ANCHOR MFB
- TANADI MFB
- TANGALE MFB
- TASUED MFB
- TCF MFB
- TF MFB
- The Millennium MFB
- TOFA MFB
- TOPCLASS MFB
- TOP RATE MFB
- TOTAL TRUST MFB
- TOUCHGOLD MFB
- TOWNSERVE MFB
- TREASURES MFB
- TRIDENT MFB
- TRIPPLE A MFB
- TRUST MFB
- TRUSTBANC J6
- TRUSTFUND MFB
- TSANYAWA MFB
- TUDUNWADA MFB LTD
- U & C MFB
- UCB MFB
- UDA MFB
- UDOKA MFB
- UGA MFB
- UGBORIMILI MFB
- UHURU MFB
- UKPOR MFB
- UKWALA MFB
- ULTIMATE MFB
- UMMAH MFB
- UMUAWULU MFB
- UMUCHINEMERE PROCREDIT MFB
- UMUCHUKWU MFB
- UMUNNACHI MFB
- UMUOJI MFB
- UMYU Microfinance Bank Limited
- UNAAB MFB
- UNGOGO MFB
- UNIBADAN MFB
- UNICAL MFB
- UNIFUND MFB
- UNILAG MFB LTD
- UNILORIN MFB
- UNIMAID MFB
- UNIUYO MFB
- UNIVERSITY OF BENIN MFB
- UNN MFB
- UNUBI MFB
- URBAN MFB
- URE MFB
- UTAKO MFB
- UTUH MFB
- UVUOMA MFB
- UVURU MFB
- UZONDU MFB
- VCL MFB
- VFD MFB LTD
- VICTORY MFB
- VISA MFB
- VISCOUNT MFB
- WAILA MFB
- WELFARE MFB
- WETLAND MFB
- WOLIWO MFB
- WOMEN DEVELOPMENT MFB
- WRA MFB
- WUDIL MFB
- XSLNCE MFB
- YABO MFB
- Yankari MFB
- YAURI EMIRATES MFB
- YCT Microfinance Bank
- YENENG MFB
- YES MFB
- YOBE STATE MFB
- ZAFEC MFB LTD
- ZAZZAU MFB
- ZEFA MFB
- ZIKORA MFB
- ZION MFB
- ZURMI MFB
- ZURU MFB
- KANKARA MFB
- IYA-ZAKARI (MASHI) MFB
- FTA FUNTUA MFB
- DUTSIN-MA MFB
- BATAGWARA MFB
- BAURE MFB
- UNITED CAPITAL MFB
- NUGGETS MFB
- AVE MARIA MFB
- PRUDENT MFB
- AWESOME MFB
- WAYA MFB
Thank you