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A journey focused on Financial Inclusion and SME Growth

AFOLE MICROFINANCE BANK LIMITED is a licensed Tier 2 Microfinance Bank committed to providing sustainable and affordable financial services. Our journey started with a belief to empower the unbanked and active low-income populations through innovative banking solutions.

We are headquartered in Otan Ayegbaju, Osun State, and we take pride in connecting our clients to a professional banking network that helps them achieve their financial aspirations seamlessly. Our core banking capabilities are complemented by a dedicated team focused on poverty alleviation and economic empowerment.

Our History

Established with a vision to bridge the financial gap in our community, AFOLE MICROFINANCE BANK LIMITED has grown from humble beginnings into a trusted financial institution. Over the years, we have remained steadfast in our mission to serve the active poor and small businesses, evolving our services to meet the changing needs of our customers while maintaining our core values of integrity and community support.

Our Vision

To be a leading financial services provider that fosters economic empowerment and poverty alleviation.

SME Support

Dedicated to helping active low-income individuals and small businesses grow sustainably.

Our Mission

To provide sustainable, affordable, and top-notch financial services through technological innovation.

10,000

Active Customers Served

500

₦500M+ Loans Disbursed

24

24/7 Digital Banking Access

99% Customer Satisfaction

Consistently high quality service

100

Secure & Reliable Banking

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Pioneer in Regional Financial Inclusion

Strategy

Corporate Objectives

AFOLE MICROFINANCE BANK LIMITED

Registered Office: Isale Idofin beside OWA’s palace, Otan AYEGBAJU

Tier 2 Banking

To carry on business as a Licensed Tier 2 Microfinance Bank in accordance with Central Bank of Nigeria (CBN) requirements.

Providing domestic fund remittance, safe custody services, and investment of surplus funds in Treasury Bills and other suitable instruments.

Empowerment

Promotion and monitoring of loan usage among customers by providing capacity building.

Training in essential areas such as record keeping, small business management, marketing, and technical advice.

Mobile & Payments

Provision of mobile banking and micro insurance services. Management of salary, gratuity, and pension payments.

Disbursement for government credit programs and implementation of poverty alleviation schemes on a non-recourse basis.

Leasing & Advisory

Operation of micro leasing, hire purchase, and supervision of credit schemes to ensure access to economic inputs.

Provision of professional advice regarding investments in small businesses and cottage industries for low-income persons.

Core values

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  • INTEGRITY

    Honesty and transparency in all our dealings.

  • INNOVATION

    Leveraging technology for better financial services.

  • CUSTOMER FOCUS

    Tailoring products to meet our customers' specific needs.

  • SUSTAINABILITY

    Building lasting wealth and stable financial foundations.