List of Microfinance Banks in Bayelsa State

If you are looking for trusted microfinance banks in Bayelsa 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 Bayelsa State, including their locations in Aba, Uturu, Arochukwu, and beyond.

List of All Microfinance Banks in Bayelsa State

There are 4 Microfinance Banks in Bayelsa State. They are

CRYSTABEL Microfinance Bank

EQUATOR Microfinance Bank

IZON Microfinance Bank LTD

NUN Microfinance Bank

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Microfinance Banks in Bayelsa State and their location.

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

CRYSTABEL Microfinance Bank located at 186, MBIAMA/YENOGOA ROAD, YENOGOA, BAYELSA STATE

EQUATOR Microfinance Bank located at 49 EGULE STREET GREEN VILLA ROAD, BIOGBOL, EPIE YENAGOA

IZON Microfinance Bank LTD located at No. 8, Azikoro Road, Off Melfrod Okilo Rd, Yenogoa, Bayelsa State

NUN Microfinance Bank located at KM 25, MBIAMA/YENEGOA RD, YENIZUE- CRENE, YENEGOA, BAYELSA

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 Bayelsa State

The structure of microfinance banks in Bayelsa 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.