List of Microfinance Banks in Ekiti State

If you are looking for trusted microfinance banks in Ekiti 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 Ekiti State, including their locations in Ado Ekiti, Ijesha, and beyond.

List of All Microfinance Banks in Ekiti State

There are 9 Microfinance Banks in Ekiti State. They are

EKSU Microfinance Bank

ABULESORO Microfinance Bank

AMOYE Microfinance Bank

ARAMOKO Microfinance Bank

CONSISTENT TRUST Microfinance Bank

EK-RELIABLE Microfinance Bank

IYIN EKITI Microfinance Bank

OMIYE Microfinance Bank

SUNBEAM Microfinance Bank

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Microfinance Banks in Ekiti State and their location.

These are the list of all 9 Microfinance Banks and their branches in Ekiti State

EKSU Microfinance Bank located at ASUU COOPERATIVE BUILDING, BESIDE FACULTY OF SOCIAL SCIENCES, EKITI STATE UNIVERSITY, ADO-EKITI, EKITI STATE

ABULESORO Microfinance Bank located at E7, ADISA STREET, ISAN EKITI

AMOYE Microfinance Bank located at COMMUNITY BANK PREMISES, OKE- AODU, IKERE EKITI, EKITI STATE

ARAMOKO Microfinance Bank located at CIVIC CENTRE, ARAMOKO EKITI, EKITI STATE

CONSISTENT TRUST Microfinance Bank located at 77, BANK ROAD, IJESA-ISU, EKITI, EKITI STATE

EK-RELIABLE Microfinance Bank located at OBA ADELEYE ROAD, IKOLE EKITI, EKITI STATE.

IYIN EKITI Microfinance Bank located at 128, OWOLABI STREET, IYIN EKITI, EKITI STATE

OMIYE Microfinance Bank located at COOPERATIVE BUILDING, MARKET SQUARE, ILUPEJU-EKITI, EKITI STATE

SUNBEAM Microfinance Bank located at 1, UGBONHAN STREET, EFON ALAYE, EKITI 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 Ekiti State

The structure of microfinance banks in Ekiti 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.