The Major 34 list of best micro finance bank in nigeria right now | How to apply for their loans
Hello guy’s, welcome to today’s article on “34 list of best micro finance bank in nigeria currently and how to get loan from them.
Have you been looking for the best microfinance bank in Nigeria to approach for your personal or business loan?
Search no more, because this article on 34 list of best micro finance bank in nigeria now is for you.
We will take you step by step and also unveil some of their locations and customer service number for your.
So, if you’re interested let’s jump it….
Introduction | Nigerian best Microfinance bank
Taking the steps and going through the landscape of financial institutions in Nigeria, especially within the microfinance sector, is ideal.
Yes, very crucial especially for individuals and businesses seeking accessible financial services to forge ahead.
This our seasoned article aims to shed light on the ” 34 list of best microfinance banks in Nigeria.” Regardless!
However, in a nation where financial inclusion is paramount, identifying reliable microfinance institutions like LAPO becomes unavoidable.
This is because they form the pivotal for those looking for how to harness financial opportunities.
Without delay, let’s delve into a compilation of top microfinance banks that have been recognized for their impact and service excellence accross the country.
Overview | Top Microfinance bank in Nigeria
Here is an outline of Ten best Microfinance bank out of the 34 list of best micro finance bank in nigeria.
- LAPO Microfinance Bank
- AB Microfinance Bank
- NPF Microfinance Bank
- Accion Microfinance Bank
- LAPO Microfinance Bank
- Nirsal Microfinance Bank (COVID 19 loan bank)
- Fairmoney Microfinance Bank
- Opay Microfinance Bank
- Moniepoint Microfinance Bank
- RenMoney Microfinance Bank
Note: It’s very crucial for you to keep in mind that the individual status and rankings of microfinance banks is not fixed or permanent.
As the positional status may change over time, so it’s advisable to check the latest reports from official website.
Also, it’s best for you to check analysis or reviews for the most up-to-date information concerning current ranking.
How many micro finance bank do we have in nigeria
There are more than 100 fully registered and recognized microfinance by central bank of Nigeria (CBN)
However, at the course of this article we will unveil to you the top and best microfinance bank in Nigeria.
Mind you, this 34 list of best micro finance bank in nigeria is from my personal experience and analysis.
One may place another below or higher from his or her personal opinion.
Therefore, hope in as we work you round of the 34 list of best micro finance bank in nigeria and Africa at large.
List of best micro finance bank in nigeria (Complete guide)
Here are the 34 list of best micro finance bank in nigeria and what they do differently in the banking sector.
1. Ab micro finance bank phone no (Comprehensive guide)
AB Microfinance Bank is a promising national microfinance bank fully licensed by the Central Bank of Nigeria (CBN).
They are to perform financial obligations to her loyal Nigerians in the banking sector
The bank has its head office in Lagos and branches spread across Lagos, Ogun, Oy, Ondo, Anambra, Abia State etc.
Ab micro finance bank phone number or WhatsApp number is 09024969999
2. Accion microfinance bank (What you should know)
Accion Microfinance Bank is a trending financial institution that focuses on providing microfinance services.
They are unique in offering financial products and services to low-income individuals and small businesses.
However, these services often include small loans, savings accounts, and other financial solutions.
Especially to empower individuals and communities with limited access to traditional banking.
3. Nirsal microfinance bank | the COVID 19 loan banks (All you need to know)
NIRSAL Microfinance Bank is associated with the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL).
It aims to enhance financial inclusion by providing financial services to individuals and businesses.
Especially in the agricultural sector and small medium enterprise SME business.
Therefore, the bank focuses on supporting small holder farmers and entrepreneurs through various financial products.
The bank also have positive initiatives to boost agricultural productivity and economic development in Nigeria.
4. Moniepoint microfinance bank (100 percent legit)
Moniepoint is primarily known as one of the top payment processing platform in Nigeria.
They are strong in facilitating services like loans, airtime recharge, bill payments, and fund transfers.
It’s worth noting that the status or services of companies can change over time, be it as it may.
So, I recommend checking the latest sources or the official website of Moniepoint Microfinance Bank.
You will get a bigger picture of what I’m about to unveil to you….
5. Vfd microfinance bank (How it works)
VFD Microfinance Bank is one of the leading financial institution in Nigeria that’s help to disburse loans.
The VFD Group, its parent company, operates in various sectors, including finance, real estate, science and technology.
VFD Microfinance Bank focuses on providing microfinance services, including loans and savings products.
These are majorly distributed to individuals and small businesses, contributing to financial inclusion and economic development.
However, for the latest and most accurate information, it’s advisable to check the official website.
You can as well check for the recent sources online related to VFD Microfinance Bank.
6. Kuda microfinance bank
Kuda Microfinance Bank is a promising national digital-only bank that provides financial services through its mobile application.
It aims to offer a convenient and user-friendly banking experience, including features like no-fee transactions.
They also have what we call budgeting tools, and other digital banking services.
Kuda’s approach revolves around leveraging technology to simplify banking for individuals and cooperate bodies.
However, this is particularly targeting the younger, tech-savvy demographic.
Keep in mind that details about specific banks can evolve, so it’s recommended to check the latest information from official sources for the most accurate updates on Kuda Microfinance Bank.
7. PAb microfinance bank:
PAb Microfinance Bank is not really popular nationally but are trying to find their feet.
It’s also possible that there have been changes or developments since then they began their major transactions.
However, to get the most accurate and current information about PAb Microfinance Bank daily dealing.
I highly recommend checking PAb microfinance official website or contacting the bank directly for the latest details on their services and offerings.
Such as loan calculations, disbursement and interest rates.
8. Lapo microfinance bank
LAPO Microfinance Bank is a financial institution based in Nigeria.
The full meaning of “LAPO” stands for Lift Above Poverty Organization.
As such, the microfinance bank is associated with LAPO NGO.
Which is known for its focus on poverty alleviation and empowerment initiatives accross the country Nigeria.
LAPO Microfinance Bank provides financial services, including microloans, savings accounts, and other financial products.
Nevertheless, their aim is targeting individuals and small businesses with limited access to traditional banking services.
The institution aims to contribute to economic development and financial inclusion in Nigeria.
For the most up-to-date information, it’s better to check the official website or contact LAPO Microfinance Bank directly.
9. Baobab microfinance bank
Baobab Microfinance Bank, now known as BAOBAB+, is a financial institution that operates in several African countries.
It focuses on providing financial services, particularly microfinance solutions, to individuals and small businesses.
Baobab aims to contribute to financial inclusion and economic development by offering services like microloans, savings accounts, and insurance products.
For the latest and most accurate information about Baobab Microfinance Bank (BAOBAB+).
Nevertheless, it’s imperative to check their official website or contact them directly for more crucial deals.
Please note that details about specific banks can evolve, and staying informed from official sources is crucial for up-to-date information.
10. Opay Microfinance:
Opay is among the top leading Fintech microfinance bank in Nigeria.
Just as the trade mark is “We are beyond banking” their services speaks volumes of it.
They’re virtually seen across the entire nation and they are doing marvelously well well it comes to agency banking.
Opay is already rulling the world in agency banking.
11. Palmpay Microfinance bank
Palmpay is another giant in the financial world.
They operate as Fintechs and as Microfinance at the same time.
They gives you soft loans on a steady ground and also gives you avenue to invest your money and make more.
With your mobile phone number, you can easily open the account without stress.
12. Baxi Microfinance Bank
BAXI is a phenomenal micro financial platform that enables digital payments to all her loyal customers.
This is absolutely possible through online, mobile transfer, in-store locations, wallets and b2b channels.
To contact them, Call their customer care line on 01-7008571.
You can as well reach out to them via WhatsApp: 09080532234.
Email Baxi Microfinance bank at: customerservice@mfsafrica.com.
However, you can as well live chat with Baxi POS terminal experts on baxibox.com.
For more information, take your time and visit Baxi Microfinance website: baxibox.com.
13. Pay Force Microfinance Bank (Is Payforce a bank)?
Yes, it’s a growing Microfinance Bank that’s majors on agency banking or POS activation and distribution like Moniepoint.
In fact, Payforce is one of the Central Bank of Nigeria (CBN)-approved POS in Nigeria.
They are fully licenced to provide vast arrays of banking services, especially fund withdrawal, fund transfer and payment of bills.
They are the basic solutions that help companies and individuals manage operations be it as it may.
Above all, It is one of the best and most effective agency banking platforms out there in Nigeria especially in Lagos metropolis.
14. Rolez microfinance bank (Rolez MFB)
Rolez Mfb changes a lot of communities simply by lending (loans), offering savings, and credit products to small scale business and low income people be it as it may.
The ROLEZ MFB have been in existence after their registration ever since and are taking the lead in loan facilities.
The Rolez MFB formerly known address is Old Oyo-Ibadan Road, Idi-Igba, Illora, Oyo State , OYO, NGN.
They are one of the best microfinance bank in Nigeria when it comes to savings and credit to small scale business.
15. Mutual trust microfinance bank
Mutual Trust Microfinance Bank just as the name implies is banks that cherish customer relationship.
We are the best microfinance banks for soft and quick loans in Nigeria.
So guy’s, enjoy easy access to fast, meaningful and flexible loans of up to N3 million Naira in few hours.
For your quick and soft loans make sure you reach out to them and thank me later.
16. Fina trust microfinance bank
Fina trust microfinance bank is taking the lead when it comes insurance and banking.
The beacon of hope here, Joshua Oyebisi has 23 years of work experience in insurance and banking.
Joshua Oyebisi has performed at various times as Profit Centre Manager at Industrial, General Insurance Co Ltd, Standard Trust Bank and Relationship officer.
17. Spectrum microfinance bank
Which microfinance bank gives loan in Nigeria more than spectrum MFB?
This is one of the popular question people ask me and my team daily with regards to loan facility.
AB and Spectrum Microfinance Bank Nigeria offers entrepreneurs the opportunity to easily access loans.
These loans are gotten in a quick, transparent and efficient environment for business engagement.
Spectrum Microfinance expertise and international standards assure their clients of quality service and delivery 247.
18. Npf microfinance bank (Police microfinance bank)
NPF MFB Plc is a Nigeria-based financial company that is committed in the provision of banking services to members.
This is not to the general public but to the police community.
However, this is to aid their low-income households and micro-enterprises of the public at large.
19. Safe haven microfinance bank
Safe haven microfinance institution continues to receive accolades accross the entire universe.
Especially for the impactful professionalism with which it serves her customers who demands for loans.
However, millions of small, Medium and large business owners seek financial facility from them.
20. Blue ridge microfinance bank (Loan app banking)
The blue ridge microfinance bank gives support to micro-entrepreneurs by empowering them.
They also unbanked people by providing no collateral loans using their loan apps EaseMoni and Okash.
Note; OKash and Easemoni are micro-lending product which is provided by Blue Ridge Microfinance bank.
21. Gti microfinance bank
GTI Microfinance Bank Bank of Lagos have always there try to print their name in banking industry.
The GTI Microfinance Bank offer’s quick and affordable financial services to the low, active, and middle class income earners.
22. Green microfinance loan (GMB)
Green micro finance bank is an organized agency for the sole aim of financing investments that provide environmental or community benefits via loans and credit facilities.
They employ the broader context of environmentally sustainable and gives you a lasting impression.
The list of best micro finance bank in nigeria wouldn’t have been complete without them.
23. Ekondo microfinance bank (community bank)
Ekondo Microfinance Bank came into existence in the year 1992 as Ekondo Community Bank (ECB).
They are good in giving out credit facilities and internet Banking.
Ekondo Microfinance bank Mobile App is top notch and easier to navigate·
The app is known as EKPAY.
With their agency banking you can open an account Online.
With few click on the official website, you can open a savings and a current account without delay.
24. Grace and mercy microfinance bank
Grace and Mercy Household Improvement Initiative is usually a Non-Governmental Organization (NGO) banking platform.
They are up to date with Corporate Affairs Commission (CAC) of Nigeria.
However, with a concentrated attention on providing financial opportunities for the poor and low-income earners nationally.
Grace and Mercy Microfinance bank was founded in 2012 and is based in Ibadan, Nigeria as the headquarters.
Nevertheless, they are currently operate in 13 different States in Nigeria;
Some of the state that you can find them includes Ondo, Ogun State, Oyo State, Osun State, Lagos State, Kwara State, Niger State, Ekiti State, Kogi State, Nasarawa State, Delta State, Edo State and FCT Abuja.
25. Renmoney microfinance bank
Renmoney Microfinance Bank is also a fintech company in Nigeria that’s doing well in savings and credit.
They basically offers personal and business loans, investment products, savings and other banking services.
They have renmoney POS terminal and their charges are pretty good in agency banking.
26. Addosser microfinance bank
ADDOSSER Microfinance bank plays a crucial and giant role in widening the finance options in Nigeria.
Especially the financial options available to MSMEs by providing finance for their day to day operations.
How to contact them in detail;
Their physical address is located at 32 Lewis Street, Lagos Island, Lagos Nigeria.
However, here is the Addosser microfinance bank customer care line +234-9087013749, or +234-8140437926.
You can as well send an email to them via customercare@addosser.com.
27. Assets microfinance bank
Assets microfinance bank is actually the best when it comes to personal loan for Salary Earners.
You can get up to ₦5 million to take care of your personal needs as a salary earner.
What’s are you wait for? Get started with your personal loans by exploring their official website.
This bank is known as one of the value based banking for all Nigerians that are civil servant.
However, at Assets Microfinance bank, they offer transparent banking to Nigerians by creating superior value for all our stakeholders.
Also, with the most effective and sustainable technologies, they keep holding their vision and mission to the highest professional and ethical standards, and building an enduring integrity institution.
In fact, they are growing to become a leading, transparent customer-centric digital microfinance banking institution in Nigeria.
Above all, Assets Microfinance bank is already a tier-1 deposit mobilization Microfinance nation wide bank.
They are top notch in providing accessible, reliable and convenient financial services to businesses across Nigeria.
28. Moneytrust microfinance bank (USSD codes)
Moneytrust Microfinance Bank (MFB) is already taking the lead in the financial institution in Nigeria.
They are best in what they do as well as dedicated to providing comprehensive and inclusive financial services.
The general goal at Moneytrust MFB is to offer access to individual or personal loans and education loans.
Not just that, they also gives car loan, home loan at competitive and flexible interest rates.
Their loan rates are encourageable and far better when compared with other banks of the same category.
To cap it up guys! Moneytrust Mfb is a retail finance institution (Licensed by Central Bank of Nigeria).
They are committed in offering outstanding products and services to suit her customers daily without fail
Moneytrust ussd code for transfer and for checking balance:
Moneytrust ussd code is (*614*318#) on of the best USSD code with swift response accross the globe.
29. Stellas microfinance bank
Stellas microfinance bank is among the leading digital bank in Nigeria currently.
They are your true mobile bank to earn from, save, get interest, spend, anonymous transfer automobile loans Etc.
Stellas microfinance bank head office is located at 164 Lagos-Abeokuta Expres way, Ijaiye, Lagos.
Their postal code remains 102212, Lagos Nigeria according to map of stellas microfinance bank.
They normally opens by 9 am Monday to Friday and closes 5pm officially except otherwise.
You can always reach out to them on phone call through 0908 733 9788 and book your loan directly.
30. Fairmoney microfinance bank (FMB)
FairMoney Mfb is the number 1 most downloaded fintech app in Nigeria, just like Moniepoint and Opay Microfinance.
However, with more than 10,000 daily loan disbursements, and close to 7 million users in Nigeria as a nation.
Fairmoney microfinance bank official address is at 28 Pade Odanye Close, Off Adeniyi Jones, Ikeja 101233, Lagos Nigeria.
Fairmoney microfinance bank opens 9 am Monday to Friday and closes from 5pm upwards.
31. Wetland microfinance bank
What is the history of wetland microfinance bank, are the transparent and legit?
This is the most popular question I’ve seen with the Wetland microfinance bank in Nigeria.
However, Wetland Microfinance Bank which is among the five top leading microfinance bank in Nigeria and number one in Delta State.
Wetland microfinance bank started business as Erikpo Community Bank in the year 2000 and have remained in business.
This Microfinance bank has a vision shared by a five-man board of Directors, who are ready to drive quality business.
Wetland microfinance bank started her operations with seven (7) member staff that were the pioneer staff of the bank.
32. Edfin microfinance bank (EdFin Empower Microfinance Bank)
EdFin Empower or what we now know as Microfinance bank is taking her ride to the top in the banking industry.
Yes, EdFin Flow ensures that public and private schools have a working capital always before coming in.
Edfin microfinance bank loan helps to bridge the gap in the seasonality of a school’s cash inflow in Nigeria.
They are the best microfinance bank in giving loan facilities be it as it may.
33. Seap microfinance bank (All that you need to know)
They are the best when it comes to empowerment of the under privileged, and capacity building.
Not just that, they’re also best in improvement of the socio-economic condition of the poor.
However, SEAP Micro Finance Bank Ltd started operations in 2014 and have been business oriented and focused.
Above all, SEAP MFB goals is always to seeks to promote sustainable livelihood for the less privileged within the environment.
34. Gboko Microfinance
This is one of the leading local government microfinance bank that’s doing well.
Doing absolutely well, especially when it comes to lending loan to local farmers.
To access this life changing offer you can contact Gboko Microfinance via 08034585120.
Which microfinance bank is the best (How to find out)?
While the flood of economic downtown has swept away some Microfinance Banks (MFBs) in the entire nation.
There are still other microfinance banks that are meeting the needs of the low income earners especially in Nigeria.
Nevertheless, the top five Microfinance Banks are LAPO MFB, AB, Baobab, Lovonus, Addosser MFB, of which LAPO is the best Microfinance bank in Nigeria.
Micro finance bank code (All you should know)
When ever it comes to micro finance bank code, they are not similar.
This simply means that every microfinance bank have their own bank code.
Like the NIRSAL Microfinance bank code is *646# as leading Nigerian micro finance bank code.
However, one can not use it to generalized that’s *646# is micro finance bank code alone.
This is basically the same way Moneytrust ussd code (*614*318#) is different from Opay Microfinance USSD code (*955#).
Conclusion | 34 list of best micro finance bank in nigeria:
Guys, the quest for the best microfinance banks in Nigeria is both a practical necessity to navigate to the top.
Yes, it’s very important and a strategic move for those my people aiming to leverage financial resources effectively.
The microfinance institutions mentioned in this list represent a spectrum of options, and should be considered as such.
However, each of these microfinance bank contributing uniquely to the microfinance landscape.
Therefore, as the financial sector continues to evolve, individuals and businesses alike are encouraged to thrive their best.
Especially about the dynamic offerings of microfinance banks, ensuring they align with their specific needs, be it as it may.
In fact, by fostering partnerships with these reliable institutions, financial inclusion becomes not just a goal but a tangible reality for many in Nigeria, especially those who desire to build a business portfolio.
Thanks for taking your time to read this post on “34 list of best micro finance bank in nigeria”.
We hope you’re able to learn a lot from one of this Microfinance bank that’s doing well in Nigeria.
Thanks for making your research through smart banking guides.
Hope your dreams Microfinance bank is listed here?
If you need more clarity on how to get a loan from any of this bank please just let me know via the comment section.