If you are looking for trusted microfinance banks in Akwa IBOM 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 Akwa IBOM State, including their locations in UYO, IKOT EKEPENE, and beyond.
List of All Microfinance Banks in Akwa IBOM State
There are 14 Microfinance Banks in Akwa IBOM State. They are
ACTIVE POINT Microfinance Bank
BROOKS Microfinance Bank
CASH RITE Microfinance Bank
EDUEK Microfinance Bank
INI Microfinance Bank
MADELYN Microfinance Bank
NEW DAWN Microfinance Bank
NSEHE Microfinance Bank
PALMCOAST Microfinance Bank
PROSPECTS Microfinance Bank
PRUDENTIAL COOPERATIVE Microfinance Bank
STANFORD Microfinance Bank
UNIUYO Microfinance Bank
ZAWADI Microfinance Bank LTD
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Microfinance Banks in Akwa IBOM State and their location.
These are the list of all 14 Microfinance Banks and their branches in Akwa IBOM State
ACTIVE POINT Microfinance Bank located at 150, ORON ROAD UYO AKWA IBOM
BROOKS Microfinance Bank located at 81, NWANIBA STRRET, UYO, AKWA IBOM STATE
CASH RITE Microfinance Bank located at 28, NDIYA STREET, UYO
EDUEK Microfinance Bank located at 104, ORON ROAD, UYO, AKWA-IBOM STATE
INI Microfinance Bank located at NO. 4, MARKET ROAD, IKPE IKOT NKON, INI LGA, AKWA IBOM STATE
MADELYN Microfinance Bank located at MADELYN PLAZA, 18-22, EKPEYONG STREET(OFF MARINA ROAD), EKET, AKWA- IBOM STATE
NEW DAWN Microfinance Bank located at NO. 2 UDO UDOMA AVENUE, UYO, AKWA IBOM STATE.
NSEHE Microfinance Bank located at 115 IKOT EKPENE ROAD, UYO, AKWA IBOM
PALMCOAST Microfinance Bank located at 3, AWKA EFAK STREET, UYO LGA, AKWA- IBOM
PROSPECTS Microfinance Bank located at 245, ORON ROAD, UYO, AKWA-IBOM STATE
PRUDENTIAL COOPERATIVE Microfinance Bank located at KM 5 UYO-IKOT EKPENE ROAD, ESSIEN UDOM L.G.A., AKWA IBOM STATE
STANFORD Microfinance Bank located at 142, ABAK ROAD, UYO, AKWA IBOM STATE
UNIUYO Microfinance Bank located at CO-OPERATIVE HOUSE, UNIVERISTY OF UYO, P.M.B. 1017, UYO, AKWA IBOM STATE
ZAWADI Microfinance Bank LTD located at SHELTER MARKET, UYO, AKWA IBOM 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 Akwa IBOM State
The structure of microfinance banks in Akwa IBOM 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 | |
|---|---|---|---|
| ACTIVE POINT MFB | 150, ORON ROAD UYO AKWA IBOM | AKWA IBOM | STATE MFB |
| BROOKS MFB | 81, NWANIBA STRRET, UYO, AKWA IBOM STATE | AKWA IBOM | TIER 1 UNIT |
| CASH RITE MFB | 28, NDIYA STREET, UYO | AKWA IBOM | TIER 1 UNIT |
| EDUEK MFB | 104, ORON ROAD, UYO, AKWA-IBOM STATE | AKWA IBOM | TIER 1 UNIT |
| INI MFB | NO. 4, MARKET ROAD, IKPE IKOT NKON, INI LGA, AKWA IBOM STATE | AKWA IBOM | TIER 2 UNIT |
| MADELYN MFB | MADELYN PLAZA, 18-22, EKPEYONG STREET(OFF MARINA ROAD), EKET, AKWA- IBOM STATE | TIER 2 UNIT | TIER 2 UNIT |
| NEW DAWN MFB | NO. 2 UDO UDOMA AVENUE, UYO, AKWA IBOM STATE. | AKWA IBOM | TIER 1 UNIT |
| NSEHE MFB | 115 IKOT EKPENE ROAD, UYO, AKWA IBOM | AKWA IBOM | TIER 1 UNIT |
| PALMCOAST MFB | 3, AWKA EFAK STREET, UYO LGA, AKWA- IBOM | AKWA IBOM | STATE MFB |
| PROSPECTS MFB | 245, ORON ROAD, UYO, AKWA-IBOM STATE | AKWA IBOM | TIER 1 UNIT |
| PRUDENTIAL COOPERATIVE MFB | KM 5 UYO-IKOT EKPENE ROAD, ESSIEN UDOM L.G.A., AKWA IBOM STATE | AKWA IBOM | STATE MFB |
| STANFORD MFB | 142, ABAK ROAD, UYO, AKWA IBOM STATE | AKWA IBOM | STATE MFB |
| UNIUYO MFB | CO-OPERATIVE HOUSE, UNIVERISTY OF UYO, P.M.B. 1017, UYO, AKWA IBOM | STATE MFB | |
| ZAWADI MFB LTD | SHELTER MARKET, UYO, AKWA IBOM STATE | AKWA IBOM | TIER 1 UNIT |
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