The 50/30/20 Budget, Adapted for Nigerian Small Businesses
Managing money is one of the biggest challenges facing many small businesses. A business may be making regular sales but ...
Years of consistent services to savers, traders and small businesses across our service areas.
Reach a real person any time if the day - our custimer service isn't just a department, it is the entire bank.
Officers who understand your market, visiting your shop and not just reading your credit file.
We do not see a customer merely as an account number or a loan applicant. We see individuals with goals, businesses with potential and communities with opportunities for growth.
Our unique approach combines: Access to Finance + Financial Knowledge + Business Support
This means our customers can access more than financial products. They can also benefit from guidance and support that helps them make better financial decisions and build sustainable futures.
Ibolo Microfinance Bank offers a number of tailored loan products to businesses, farmers, traders, migrant workers, and micro entrepreneurs.
As a fast-growing banking services provider, we provide complete financial service solutions to expand access to a broader range of financial services.
We provide solutions with financial education and client protection services that enable our esteemed customers to make informed financial decisions.
The financial lives of petty traders are no different from those of big businesses. They require the means to feed their family every day and the ability to budget for big expenditures. We provide flexible loan services to all and sundry, taking their businesses to a whole new level.
For a long time Ibolo Microfinance Bank and its mode of microcredit has been working extremely well. Every poor person is inherently capable of taking and repaying loans, and of putting all the loan into a business, which would then grow and lift them out of poverty.
We actively support the drive to universal financial access in the near future, having enabled the financial inclusion of hundreds of people in our service areas. The Center for Financial Inclusion says that in three years, the number of unbanked have dropped from 2.5 million to 2 million.
Every year, led by the innovative management, Ibolo Microfinance Bank canvases colleagues, clients and the public to get new ideas about how service for all types of loans and offer other banking services and financial advice can work better – and then pilots them.
A short film about the bank, our customers and the communities we serve.
Bank whenever and wherever you are. Check balances, transfer money, buy airtime, manage cards and review transactions — anytime, anywhere. The Ibolo Microfinance Bank app brings the full branch to your phone, built for traders, farmers and micro entrepreneurs on the move.
Read our published audit and compliance trustmark document.
Still have a question? Our team is always happy to help — call us on 08036295337 or email info@ibolomfb.com
Our loans are open to traders, farmers, migrant workers, micro entrepreneurs, small and medium businesses, and registered groups. As long as you have a verifiable income source, you can apply.
We offer a broad spectrum of tailored loan products including business loans, agricultural loans, microcredit, group/savings loans and salary advance. Each product is designed around how you earn and repay.
Most loan decisions are made within 24 to 48 hours once we receive your completed application and supporting documents. We pride ourselves on fast, same-day service for eligible customers.
Typically a valid means of identification (NIN, Voter’s Card, Driver’s License or International Passport), two recent passport photographs, a utility bill as proof of address, and your business or income details. Group loans may require your group’s registration.
Yes. We provide complete banking services including savings accounts, current accounts, fixed deposits and group savings — so you can bank, save and grow with us under one roof.
Yes. We are a Central Bank of Nigeria (CBN) licensed microfinance bank and our depositors are protected under the Nigeria Deposit Insurance Corporation (NDIC) scheme.
Absolutely. Banking the unbanked is a core part of our mission. We bring affordable microcredit and financial solutions to low-income groups, rural farmers and communities traditionally excluded from banking.
Yes. Our credit-plus approach includes free financial advisory services to help you manage your business, plan your cash-flow and grow sustainably — not just borrow.
Our interest rates are competitive and tailored to each product and customer. Repayment terms are flexible and structured around your income cycle. Visit any of our branches or call a loan officer for the current rate that applies to your product.
You can reach us on 08036295337 or 08154200881, email info@ibolomfb.com, or visit our head office in Nigeria. Our customer service team is available to assist you every step of the way.
Practical guides on saving, borrowing and growing your business — written by the team that banks with you every day.
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Our customer service isn’t just a department, it is the entire bank. You mean the world to us.