If you are looking for trusted microfinance banks in Zamfara State, Nigeria, this post is for you. Microfinance Banks (MFBs) are licensed financial institutions that provide savings, loans, and other financial services to individuals, students, small businesses, and rural communities who may not have easy access to commercial banks. In this article, you will find the complete list of approved microfinance banks in Zamfara State, including their locations in Gusau, and beyond.

List of All Microfinance Banks in Zamfara State

There are 4 Microfinance Banks in Zamfara State. They are

BUNGUDU Microfinance Bank

KWATASHI Microfinance Bank

NAMODA Microfinance Bank

ZURMI Microfinance Bank

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Microfinance Banks in Zamfara State and their location.

These are the list of all 4 Microfinance Banks and their branches in Zamfara State

BUNGUDU Microfinance Bank located at OPPOSITE WATER TANK BUNGUDU, ZAMFARA STATE

KWATASHI Microfinance Bank located at GUSAU-ZARIA ROAD, KWATARKWASHI, ZAMFARA STATE

NAMODA Microfinance Bank located at KAURA NAMODA, ZAMFARA STATE

ZURMI Microfinance Bank located at JIBIA ROAD, ZURMI, ZAMFARA STATE

The above Microfinance banks are licensed either as state MFBs,tier1 or tier 2 unit banks, meaning they are recognized by regulatory authorities and permitted to offer financial services to the public.

Structure of Microfinance Banking in Zamfara State

The structure of microfinance banks in Zamfara State is based on licensing categories:

State MFBs operate across the entire state.

Tier 1 Unit MFBs has a Wider customer reach than Tier 2, suitable for larger LGAs or semi-urban areas. It also Provides micro-loans, savings, and financial services to a bigger population within an LGA.

Tier 2 Unit MFBs focus on specific local government areas or communities.

Microfinance Banks and their Status.