If you are looking for trusted microfinance banks in Adamawa 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 Adamawa State, including their locations in Gire, MICHIKA, and beyond.
List of All Microfinance Banks in Adamawa State
There are 9 Microfinance Banks in Adamawa state. They are
BIYAMA Microfinance Bank
BONGHE Microfinance Bank
BRETHREN Microfinance Bank
GIREI Microfinance Bank
GUDUSISA Microfinance Bank
MAUTECH Microfinance Bank
MICHIKA Microfinance Bank
STANDARD Microfinance Bank
UMMAH Microfinance Bank
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Microfinance Banks in Adamawa state and their location.
These are the list of all 9 Microfinance Banks and their branches in Adamawa state
BIYAMA Microfinance Bank located at 50 MUBI ROAD, HONG, HONG LGA, ADAMAWA STATE
BONGHE Microfinance Bank located at 90, AHMADU BELLO WAY, NUMAN, ADAMAWA STATE
BRETHREN Microfinance Bank located at NO. 9 HOSPITAL ROAD, JIMETA, ADAMAWA STATE.
GIREI Microfinance Bank located at ALONG GIREL-MUBI ROAD MARKET, P. A. GIREL, ADAMAWA STATE
GUDUSISA Microfinance Bank located at 1, BIU ROAD, GUMBI, ADAMAWA
MAUTECH Microfinance Bank located at MODIBBO ADAMAWA UNIVERSITY OF TECHNOLOGY, YOLA, ADAMAWA STATE
MICHIKA Microfinance Bank located at MICHIKA MAIN MARKET, MICHIKA, MICHIKA LGA, ADAMAWA STATE
STANDARD Microfinance Bank located at BORNOMA HOUSE, NO 94 MOHAMMED MUSTAPHA,JIMETA-YOLA, ADAMAWA
STATE
UMMAH Microfinance Bank located at LAMIDO LAWWAL ROAD, (FORMERLY SOKOTO STREET), BY YOLA TOWN MARKET, YOLA SOUTH LGA, ADAMAWA
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 Adamawa State
The structure of microfinance banks in Adamawa 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.
| Name | Address | Status |
|---|---|---|
| BIYAMA MFB | 50 MUBI ROAD, HONG, HONG LGA, ADAMAWA STATE | TIER 2 UNIT |
| BONGHE MFB | 90, AHMADU BELLO WAY, NUMAN, ADAMAWA STATE | STATE MFB |
| BRETHREN MFB | NO. 9 HOSPITAL ROAD, JIMETA, ADAMAWA STATE. | STATE MFB |
| GIREI MFB | ALONG GIREL-MUBI ROAD MARKET, P. A. GIREL, ADAMAWA STATE | TIER 2 UNIT |
| GUDUSISA MFB | 1, BIU ROAD, GUMBI, ADAMAWA | TIER 2 UNIT |
| MAUTECH MFB | MODIBBO ADAMAWA UNIVERSITY OF TECHNOLOGY, YOLA, ADAMAWA STATE | TIER 2 UNIT |
| MICHIKA MFB | MICHIKA MAIN MARKET, MICHIKA, MICHIKA LGA, ADAMAWA STATE | TIER 2 UNIT |
| STANDARD MFB | BORNOMA HOUSE, NO 94 MOHAMMED MUSTAPHA,JIMETA-YOLA, ADAMAWA | STATE MFB |
| UMMAH MFB | LAMIDO LAWWAL ROAD, (FORMERLY SOKOTO STREET), BY YOLA TOWN MARKET, YOLA SOUTH LGA, ADAMAWA | TIER 1 UNIT |
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