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Ab microfinance bank. A thorough guide

ab microfinance bank

Ab microfinance bank history/background information

The AB Microfinance Bank is one of the best financial institutions in Nigeria. It was licensed by the Central Bank of Nigeria (CBN). Its head office is in Lagos State. Other branches of AB microfinance bank are within Lagos state, Ogun State, Ondo State, and Oyo State.

The microfinance bank is very passionate and fully committed to helping business owners and entrepreneurs across Nigeria. AB microfinance bank makes it easy for individuals to obtain loans.

This financial institution is a Limited Liability Company. It is also regulated by the Central Bank of Nigeria (CBN).

AB microfinance bank has an outstanding relationship with a group of strong international shareholders who are committed to making financial services easily accessible in Nigeria.

Some of the shareholders include the African Development Bank, Access Microfinance Holding AG of Germany, International Finance Corporation of the World Bank Group, and KfW – the German Development Bank. They worked together to establish to achieve the goal of setting up and managing microfinance banks in Asia and Africa. Some of the countries there have been able to achieve this goal are Nigeria, Zambia, Madagascar, Liberia, Tanzania, Rwanda, Georgia, Brazil, Tajikistan, and Azerbaijan.

Ab microfinance bank loan

AB microfinance bank offers a maximum loan up to N20, 000, 000 and as minimum as N15, 000 to their customers. But loans are granted to a customer according to their repayment capacity. This will be thoroughly assessed after verifying their business inventory and other criteria

The microfinance company only grants loans to businesses that are already operating, and also housing or house improvement loans.

In order for AB microfinance bank to accept your loan request, you must pay attention to the following:

  • Have an active business.  
  • Also, your business location should be around the bank’s lending offices (Lagos State, Ogun State, and Oyo State).
  • And lastly, indicate the period your business has been in existence.

Once every necessary detail and document is provided, the processing will be completed in a few days. It should be ready in less than three working days.

To obtain a loan from AB microfinance bank, it is not mandatory for you to open an account. Also, there is no fee. It is easy and fast.

Once you meet the basic requirements, your loan will be processed and confirmed in a few days.

Ab microfinance bank loan calculator

There is a loan calculator available at the portal of AB microfinance bank. The calculator makes it easier for you to determine upfront the estimated interest rate, estimated payment duration, estimated monthly repayment, and other important details about the loan you intend to apply for.

You can use the loan calculator by clicking on this link: AB Microfinance Bank Loan Calculator.

Ab microfinance bank recruitment

Are you innovative, hard-working, and ambitious? If yes, then a career with AB Microfinance Bank Nigeria will be suitable for you.

The microfinance terrain continues to develop in Nigeria as several new challenges keep arising. If you’re an individual who can provide solutions, ideas, and techniques, your skill is highly needed at AB microfinance bank.

There are many career opportunities at this financial institution. So you can prove your abilities, starting from your first day at work.

The bank is committed to the principles of equal opportunities in terms of employment. It never discriminates.

To check currently available vacancies, please use this link: AB Microfinance Bank Recruitment 2020.

Ab microfinance bank branches

AB Microfinance Bank currently has branches in few states across Nigeria.

For the full address and contact details of these branches, check them here: AB Microfinance Bank Branches.

Ab microfinance bank salary structure

The average salary of a Loan Officer at AB Microfinance Bank Loan is around N135, 000. Salary here could range from N80,000 to N150, 000.

Ab microfinance bank app

The AB microfinance bank app is available at Google Play Store.

To activate and use the banking app, follow these steps:

  1. Download the app from Google Play Store. Then launch it via the icon.
  2. Click on ‘Activate Here’. Then go through the ‘I agree’ box. Tick it.
  3. Click “Next”.
  4. Click on Activate Account, and fill the pages shown on the left.
  5. Click on Continue.
  6. Check the summary. Next, click “Yes I am sure”, then click “GPRS” and click “OK” on Successful Message.
  7. Check your Messages for activation code. Then copy the activation code (SMS) to the activation page.
  8. Finally, click on the “Submit” icon to conclude your process.

For more details on how to use this app, please check AB Microfinance Bank App.

Ab microfinance bank ussd code

The Unstructured Supplementary Service Data (USSD) technology has made the banking system in Nigeria simpler, faster, and easier.

In order to register your AB Microfinance Bank account for USSD transactions, simply dial *389*755# and follow every necessary instruction that follows.

The bank’s official USSD code is *755#. Use it for any transaction.

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Ab microfinance bank. A thorough guide

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