Accion Microfinance Bank

Accion Microfinance Bank is a Nigerian microfinance provider with the mission of economically empowering microentrepreneurs and low-income earners with financial services in a sustainable, ethical and profitable manner. The bank’s vision is to be the market leader in the provision of microfinance and related financial services at world class standards.

Key Indicators as of September 2014
Active Borrowers: 31,799
Average Loan: $755
Amount Loaned: $47,321,000
Active Savers: 82,148
Active Portfolio: $24,001,000
Saving Balance: $8,710,000

Background

Accion Microfinance Bank (AMfB) launched operations in May 2007. Three months later, AMfB had approved 286 loans with demand outstripping capacity. The bank continued expanding its outreach and attained a total of 812 active loans and 387 savings accounts in just five months. Within that same timeframe, AMfB opened five new branches and increased the average number of clients per loan officer to 81.

Accion partnered with AMfB to provide technical assistance in the areas of credit methodology design and implementation, information technology and staff training. Accion has also made capital investments in the institution. Today, Accion continues to work with AMfB, providing them with management services, technical assistance, governance and investment to help them fulfill their mission and vision.

Contact

FABAC Centre 3B Ligali Avorinde Ave., Anthony, Ikeja,
Lagos, Nigeria
Tel:+ 234 1 2719325 or + 234 1 2719326
Fax:+ 234 1 2719327

Website: www.accionmfb.com

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