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Welcome to Afole Microfinance Bank Ltd

Banking for Everyone.

Your trusted partner in financial prosperity. We provide sustainable, affordable, and top-notch financial services to SMEs and low-income individuals.

View Our Services Open Account

Savings that grow.

Loans that empower.

Banking that fits.

Your growth, our priority.

Trusted by thousands.

Afole MFB Ltd — fostering economic empowerment.

Tier 2 Microfinance

Operating as a licensed Tier 2 Microfinance Bank, we foster economic empowerment through sustainable financial services.

Loan Disbursement

Promoting loan usage for poverty alleviation and SME growth through affordable and top-notch credit facilities.

Payment Services

Providing seamless mobile banking, micro-insurance, and digital payment solutions through technological innovation.

OUR LOAN PROCESS

Get a loan in 4 simple steps

Our streamlined application process ensures you get the funding you need quickly and efficiently to grow your business or manage personal needs.

Explore our loans

01

Consultation

Meet with our experts to discuss your financial needs and choose the right loan product.

02

Eligibility Check

Quick verification of your requirements to ensure you meet the bank's criteria.

03

Approval

Fast approval process with minimal documentation for tailored financial solutions.

04

Disbursement

Funds are released directly to your account to start fueling your economic activities immediately.

Digital Banking

All your financials at your fingertips.

Access your account anywhere, anytime through our multiple digital channels designed for your convenience.

  • Mobile Banking & USSD Services.
  • Secure Internet Banking.
  • Check your BankOne account on the web.
Afole Mobile App
Products

We offer a variety of
products to suit you

Save for the future

Our savings products are designed to encourage a healthy saving culture among our clients. Whether it's for an individual, an association, or a specific target, we have the right account for you.

  • Personal Savings
  • Esusu Savings
  • Target Savings

Manage your business

Flexible current accounts that give you quick access to your funds and help you manage your financial transactions with ease.

  • Corporate Current
  • Salary Current
  • Association Current

Transfer funds easily

Fast and secure domestic remittance services to help you send and receive money across Nigeria.

Our Loan Products

A variety of loans to
help you grow

Micro Loans

Sustainable and affordable loans for low-income individuals at competitive rates of 4% per month.

SME Loans

Tailored financial support for small and medium enterprises to boost their economic activities.

Overdrafts

Flexible credit facilities to cover short-term financial gaps for our valued customers.

Esusu Loans

Community-focused lending solutions to foster group empowerment and economic growth.

Working Capital

Funding to manage your daily business operations and maintain steady growth.

LPO Financing

Specialized financing for Local Purchase Orders to help you fulfill contracts efficiently.

Loan Calculator

Calculate your loan
& get loan details

Loan Calculator

Loan Term
Loan Amount
₦
Interest Rate
%
Loan Duration
m
Start Date
End Date
Total Amount

EMI Amount
Interest Payable
  • Total Repayment (Principal + Interest)
  • Interest Payable
  • Loan Duration
  • Your Monthly Payment (EMI)
Apply Now

10000+

Active Customers

500M+

Loans Disbursed (₦)

24/7

Digital Support

99%

Customer Satisfaction

Support

Frequently Asked Questions

We are located beside Owa’s palace, Isale Idofin, Otan Ayegbaju, Osun State.

Yes, it is possible, but it depends on the type of loan you are applying for. Our officers will provide specific guidance for your category.

Yes, you can open a Tier 1 Account without a BVN to begin your banking relationship with us.

Yes! You can perform all your transactions through our digital channels including USSD, Internet banking, and our mobile application.

Yes, it depends on the type of the loan. We offer several non-collateralized loan options for qualified individuals and small businesses.

Open an account today

Join thousands of empowered individuals and SMEs growing with Afole Microfinance Bank Ltd.

Contact Us Now
Afole Banking App