If you are looking for trusted microfinance banks in Benue 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 Benue State, including their locations in MAKURDI, and beyond.
List of All Microfinance Banks in Benue State
There are 12 Microfinance Banks in Benue State. They are
ALGREB Microfinance Bank
APA Microfinance Bank
BENUE Microfinance Bank
BENYSTA Microfinance Bank
BETTER LIFE Microfinance Bank
BIPC Microfinance Bank
EXCELLENT Microfinance Bank
JAMIS Microfinance Bank
OKPOGA Microfinance Bank
OROKAM Microfinance Bank
OTUKPO Microfinance Bank
ZION Microfinance Bank
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Microfinance Banks in Benue State and their location.
These are the list of all 12 Microfinance Banks and their branches in Benue State
ALGREB Microfinance Bank located at 35 IYORCHIA AYU ROAD, WURUKUM, MAKURDI, BENUE STATE
APA Microfinance Bank located at MAKURDI RD. ADOKA, OTUKPO, BENUE STATE.
BENUE Microfinance Bank located at BLOCK 9A, OWNER OCCUPIER ESTATE, SENATOR GEORGE AKUME ROAD, MARKUDI, BENUE STATE
BENYSTA Microfinance Bank located at 21A KASHIM IBRAHIM ROAD, OLD GRA, MAKURDI, BENUE STATE
BETTER LIFE Microfinance Bank located at VICTORIA ATOROUGH COMPLEX, 6, NEW BRIDGE ROAD, WURUKUM, MAKURDI, BENUE STATE
BIPC Microfinance Bank located at PLOT BNA 10558, NEW BRIDGE ROAD, MAKURDI, BENUE STATE
EXCELLENT Microfinance Bank located at NO 2, EXEKWESILI STREET BESIDE ‘D’ DIVISIONAL POLICE STATION MAKURDI
JAMIS Microfinance Bank located at 144, BENUE CRESCENT, WADATA, MAKURDI, MAKURDI LGA, BENUE STATE
OKPOGA Microfinance Bank located at UGWU OKPOGA OKPOKWU LGA,BENUE STATE
OROKAM Microfinance Bank located at PMB 01, OROKAM, OGBADIBO LGA, BENUE STATE
OTUKPO Microfinance Bank located at 7 MARKURDI RD, OTUKPO, BENUE STATE
ZION Microfinance Bank located at 140, BENUE CRESCENT, WADATA, MAKURDI, BENUE 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 Benue State
The structure of microfinance banks in Benue 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 | |
|---|---|---|
| ALGREB MFB | 35 IYORCHIA AYU ROAD, WURUKUM, MAKURDI, BENUE STATE | TIER 1 UNIT |
| APA MFB | MAKURDI RD. ADOKA, OTUKPO, BENUE STATE. | TIER 2 UNIT |
| BENUE MFB | BLOCK 9A, OWNER OCCUPIER ESTATE, SENATOR GEORGE AKUME ROAD, MARKUDI MFB | STATE MFB |
| BENYSTA MFB | 21A KASHIM IBRAHIM ROAD, OLD GRA, MAKURDI, BENUE STATE | TIER 1 UNIT |
| BETTER LIFE MFB | VICTORIA ATOROUGH COMPLEX, 6, NEW BRIDGE ROAD, WURUKUM, MAKURDI, | TIER 1 UNIT |
| BIPC MFB | PLOT BNA 10558, NEW BRIDGE ROAD, MAKURDI, BENUE STATE | STATE MFB |
| EXCELLENT MFB | NO 2, EXEKWESILI STREET BESIDE ‘D’ DIVISIONAL POLICE STATION MAKURDI | TIER 1 UNIT |
| JAMIS MFB | 144, BENUE CRESCENT, WADATA, MAKURDI, MAKURDI LGA, BENUE STATE | TIER 1 UNIT |
| OKPOGA MFB | UGWU OKPOGA OKPOKWU LGA,BENUE STATE | TIER 2 UNIT |
| OROKAM MFB | PMB 01, OROKAM, OGBADIBO LGA, BENUE STATE | TIER 2 UNIT |
| OTUKPO MFB | 7 MARKURDI RD, OTUKPO, BENUE STATE | TIER 2 UNIT |
| ZION MFB | 140, BENUE CRESCENT, WADATA, MAKURDI, BENUE STATE | TIER 1 UNIT |
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