List of Microfinance Banks in Kogi State

If you are looking for trusted microfinance banks in Kogi 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 Kogi State, including their locations in LOKOJA, OKENE, Ijumu, and beyond.

List of All Microfinance Banks in Kogi State

There are 10 Microfinance Banks in Kogi State. They are

AKWENGWU Microfinance Bank

EARNWELL Microfinance Bank

EGBE Microfinance Bank

GBEDE Microfinance Bank

IYAMOYE Microfinance Bank

KOGI Microfinance Bank

ODU Microfinance Bank

OHON Microfinance Bank

OKENGWE Microfinance Bank

PROGRESSIVE LINK Microfinance Bank

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Microfinance Banks in Kogi State and their location.

These are the list of all 10 Microfinance Banks and their branches in Kogi State

AKWENGWU Microfinance Bank located at IDANUHA QUARTERS, BEHIND OLD POLICE STATION, OGAMINANA, OKENNE, KOGI STATE

EARNWELL Microfinance Bank located at 4, MARINE ROAD ADJACENT BOARD OF INTERNAL REVENUE, LOKOJA, KOGI STATE

EGBE Microfinance Bank located at ILORIN-KABBA FEDERAL ROAD, P.M.B 1002, EGBE KOGI STATE

GBEDE Microfinance Bank located at KABBA-ILORIN ROAD, AIYETORO-GBEDE IJUMU LGA, KOGI STATE

IYAMOYE Microfinance Bank located at IDOFIN QUARTERS, OMUO, KABBA RD, IYAMOYE IJUMU LGA, KOGI STATE

KOGI Microfinance Bank located at ADANKOLO AREA. OPPOSITE KOGI TRANSMISSION STATION, OKENE-KABAR OAD, LOKOJA, KOGI

ODU Microfinance Bank located at ODU-OGBOYAGA, (OFF DEKINA-ANYIGBA ROAD) DEKINA LGA, KOGI STATE

OHON Microfinance Bank located at AIYEGUNLE-GBEDDE, IJUMU LGA, KOGI STATE

OKENGWE Microfinance Bank located at 1, LAGOS ROAD, OKENGWE-OKENE, KOGI STATE

PROGRESSIVE LINK Microfinance Bank located at OPPOSITE FIRST BANK, KABBA-ILORIN ROAD, ISANLU, YAGBA EAST LGA, KOGI 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 Kogi State

The structure of microfinance banks in Kogi 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.