OMAK Microfinance Bank Limited is a single unit microfinance bank given approval by the Central Bank of Nigeria (CBN) to operate in Osogbo, Osun State. It was incorporated as a Private Limited Liability Company in 1st August 2008 with a fully paid up capital of N20 Million.The Bank is in the process of upgrading to State Microfinance Bank. OMAK MFB seeks to alleviate poverty by empowering the active poor to move out of the poverty line.
To achieve this, OMAK MFB seeks to:
Enhance the businesses and services
of the poor through access to financial services. Create Groups and form co-operative societies for easy access to financial services
Target the poor women
through products specifically designed towards their emancipation out of poverty
to government and non-government agencies through administration of microcredit services to indigent members of the society.
WHO WE ARE
The Bank has a corporate microfinance banking base and strong service culture that have enabled it record consistent year on year growth in clientele base and key financial indices since its inception. We provide a wide range of financial services to a substantial and diversified client base that includes low income earners and households, low-end entrepreneurs, the under banked, cooperative societies, non-formal entrepreneurial groups and high-net-worth individuals among others. We provide a viable business model that provides access and financial empowerment to those on the base of the economic pyramid that constitute over 80% of the about 180 million Nigerians and also provide appreciable returns on investments. We provide credit to customers, especially small and medium enterprises, low income earners and ensure effective loans utilization among beneficiaries. We equally render business advisory, managerial, marketing, technical and administrative support and non-bank financial services to our customers. We encourage the development of savings culture to ensure sustainability in businesses as a tool to poverty alleviation in Nigeria. Establish and carry out business as proprietors and promoters of microfinance banking services in Nigeria. At OMAK MFB, we tailor our customers’ needs specifically to bespoke products to fit perfectly their needs. No matter what your priorities are, our exceptional service, unique benefits and expert solutions are tailored to help you achieve them all. Why don’t you join the OMAK MFB family today and enjoy our unequalled service delivery.
The account may be owned by an individual, organization or association.
It is available to both individuals and corporate bodies.
Fix your money for a chosen period of time and gain attractive interest
Loans currently range from N15,000 to N500,000.
MICRO SME LOANS
Loans from NGN500,000 to NGN5,000,000
MEDIUM SME LOANS
Loans for Business take-off and expansion.