If you are looking for trusted microfinance banks in Kwara 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 Kwara State, including their locations in Ilorin, Offa, Irepodun, and beyond.
List of All Microfinance Banks in Kwara State
There are 29 Microfinance Banks in Kwara State. They are
AJIKOBI Microfinance Bank
APEKS Microfinance Bank
AZABE ZINARIYA Microfinance Bank
BALOGUN FULANI Microfinance Bank
BALOGUN GAMBARI Microfinance Bank
BLUCON Microfinance Bank
BRIGHTWAY Microfinance Bank LTD
CITIZEN TRUST Microfinance Bank
CONFIDENCE Microfinance Bank
CRESCENT Microfinance Bank
FIRST HERITAGE Microfinance Bank
GAA AKANBI Microfinance Bank
IBOLO Microfinance Bank
ILOFFA Microfinance Bank
ILORIN Microfinance Bank
ILUDUN ORO Microfinance Bank
IYERU OKIN Microfinance Bank
JANMAA Microfinance Bank
KCMB Microfinance Bank
KWACOFOCUS Microfinance Bank
KWASU Microfinance Bank
MAGAJIN-GIRI Microfinance Bank
OMU-ARAN Microfinance Bank
OSI Microfinance Bank
OURS Microfinance Bank
SINCERE Microfinance Bank
STOCKCORP Microfinance Bank
UNILORIN Microfinance Bank
WELFARE Microfinance Bank
You can also read
Unity Bank sort codes for all branches in Kwara state
Microfinance Banks in Kwara State and their location.
These are the list of all 29 Microfinance Banks and their branches in Kwara State
AJIKOBI Microfinance Bank located at 13, AJIKOBI STREET, ILORIN, KWARA STATE
APEKS Microfinance Bank located at GHALIB HOUSE 24, WAHAB FOLAWIYO (UNITY) ROAD ILORIN
AZABE ZINARIYA Microfinance Bank located at PHASE 2, ULTRA MODERN MARKET, WESTERN RESERVOIR ROAD, ILORIN
KWARA STATE
BALOGUN FULANI Microfinance Bank located at 9 BALOGUN FULANI RD. ILORIN, KWARA STATE
BALOGUN GAMBARI Microfinance Bank located at NO 1 OJAGBORO JUNCTION BOLOGUN GAMBARI ROAD, ILORIN.
BLUCON Microfinance Bank located at AHMADU BELLO WAY, OPPOSITE KWARA HOTEL P.M.B. 1508, ILORIN, KWARA STATE
BRIGHTWAY Microfinance Bank LTD located at 17, NEW MARKET ROAD, BABOKO, ILORIN, KWARA STATE
CITIZEN TRUST Microfinance Bank located at No. 52, Olofa Way, Beside GTBank Plc, Offa, Kwara State
CONFIDENCE Microfinance Bank located at 156, IBRAHIM TAIWO ROAD, ILORIN, KWARA STATE
CRESCENT Microfinance Bank located at 9, OLATINWO PLAZA, OPPOSITE ST. CHARLES NURSERY & PRIMARY SCHOOL, OFFA GARAGE, ILORIN, KWARA STATE
FIRST HERITAGE Microfinance Bank located at OPPOSITE C.C.C., ORO-AGO, IFELODUN LGA, KWARA STATE
GAA AKANBI Microfinance Bank located at BOLA SAADU HOUSE, 10, AHMADU BELLO WAY, GRA, ILORIN, KWARA STATE
IBOLO Microfinance Bank located at 86 OLOFA WAY, OFFA, KWARA STATE
ILOFFA Microfinance Bank located at ILORIN/LOKOJA FEDERAL HIGHWAY, ILOFFA, OKE-ERO LGA, KWARA STATE
ILORIN Microfinance Bank located at EXIT GATE OF BABOKO MARKET, ALONG KUNTU STREET, OPPO. HIWANU LGEA SCHOOL, ILORIN, KWARA STATE
ILUDUN ORO Microfinance Bank located at ILUDUN ORO, IREPODUN LOCAL GOVT. AREA, KWARA STATE
IYERU OKIN Microfinance Bank located at OLOFA WAY/OSHOGBO ROAD, OFFA , KWARA STATE
JANMAA Microfinance Bank located at 12, SULU GAMBARI ROAD, ILORIN, KWARA STATE
KCMB Microfinance Bank located at 159, IBRAHIM TAIWO ROAD, ILORIN, KWARA STATE
KWACOFOCUS Microfinance Bank located at KILOMETRE 4, OLD JEBBA ROAD, SANGO, ILORIN
KWASU Microfinance Bank located at BEHIND ADMINISTRATIVE COMPLEX, KWARA STATE UNIVERSITY, MALETE, MORO LGA, KWARA STATE
MAGAJIN-GIRI Microfinance Bank located at AGO MARKET, BEHIND EMIR’S PALACE, ILORIN, KWARA STATE.
OMU-ARAN Microfinance Bank located at 93, APERAN ROAD, P.M.B. 1037, OMU- ARAN, KWARA STATE.
OSI Microfinance Bank located at EGBE ROAD, OSI, EKITI LGA, KWARA STATE
OURS Microfinance Bank located at 23/25 OLOFA WAY, OFFA, KWARA STATE
SINCERE Microfinance Bank located at 246 OLOFA WAY OFFA, KWARA-STATE
STOCKCORP Microfinance Bank located at 95, OLOFA WAY, OFFA, KWARA STATE
UNILORIN Microfinance Bank located at PERMANENT SITE OF UNVIERSITY OF ILORIN, KWARA STATE
WELFARE Microfinance Bank located at 159, ABDUL AZEEZ ATTAH ROAD, SURULERE, ILORIN, KWARA 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 Kwara State
The structure of microfinance banks in Kwara 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 | |
|---|---|---|
| AJIKOBI MFB | 13, AJIKOBI STREET, ILORIN, KWARA STATE | TIER 1 UNIT |
| APEKS MFB | GHALIB HOUSE 24, WAHAB FOLAWIYO (UNITY) ROAD ILORIN | TIER 1 UNIT |
| AZABE ZINARIYA MFB | PHASE 2, ULTRA MODERN MARKET, WESTERN RESERVOIR ROAD, ILORIN Kwara state | TIER 1 UNIT |
| BALOGUN FULANI MFB | 9 BALOGUN FULANI RD. ILORIN, KWARA STATE | TIER 1 UNIT |
| BALOGUN GAMBARI MFB | NO 1 OJAGBORO JUNCTION BOLOGUN GAMBARI ROAD, ILORIN. | TIER 1 UNIT |
| BLUCON MFB | AHMADU BELLO WAY, OPPOSITE KWARA HOTEL P.M.B. 1508, ILORIN, KWARA STATE | TIER 1 UNIT |
| BRIGHTWAY MFB LTD | 17, NEW MARKET ROAD, BABOKO, ILORIN, KWARA STATE | TIER 1 UNIT |
| CITIZEN TRUST MFB | No. 52, Olofa Way, Beside GTBank Plc, Offa, Kwara State | TIER 2 UNIT |
| CONFIDENCE MFB | 156, IBRAHIM TAIWO ROAD, ILORIN, KWARA STATE | TIER 1 UNIT |
| CRESCENT MFB | 9, OLATINWO PLAZA, OPPOSITE ST. CHARLES NURSERY & PRIMARY SCHOOL, OFFA GARAGE, ILORIN, KWARA STATE | TIER 2 UNIT |
| FIRST HERITAGE MFB | OPPOSITE C.C.C., ORO-AGO, IFELODUN LGA, KWARA STATE | STATE MFB |
| GAA AKANBI MFB | BOLA SAADU HOUSE, 10, AHMADU BELLO WAY, GRA, ILORIN, KWARA STATE | TIER 1 UNIT |
| IBOLO MFB | 86 OLOFA WAY, OFFA, KWARA STATE | TIER 2 UNIT |
| ILOFFA MFB | ILORIN/LOKOJA FEDERAL HIGHWAY, ILOFFA, OKE-ERO LGA, KWARA STATE | TIER 2 UNIT |
| ILORIN MFB | EXIT GATE OF BABOKO MARKET, ALONG KUNTU STREET, OPPO. HIWANU LGEA SCHOOL, ILORIN, KWARA STATE | TIER 1 UNIT |
| ILUDUN ORO MFB | ILUDUN ORO, IREPODUN LOCAL GOVT. AREA, KWARA STATE | TIER 2 UNIT |
| IYERU OKIN MFB | OLOFA WAY/OSHOGBO ROAD, OFFA , KWARA STATE | TIER 2 UNIT |
| JANMAA MFB | 12, SULU GAMBARI ROAD, ILORIN, KWARA STATE | TIER 1 UNIT |
| KCMB MFB | 159, IBRAHIM TAIWO ROAD, ILORIN, KWARA STATE | TIER 1 UNIT |
| KWACOFOCUS MFB | KILOMETRE 4, OLD JEBBA ROAD, SANGO, ILORIN | TIER 1 UNIT |
| KWASU MFB | BEHIND ADMINISTRATIVE COMPLEX, KWARA STATE UNIVERSITY, MALETE,MORO LGA, KWARA STATE | TIER 2 UNIT |
| MAGAJIN-GIRI MFB | AGO MARKET, BEHIND EMIR’S PALACE, ILORIN, KWARA STATE. | TIER 1 UNIT |
| OMU-ARAN MFB | 93, APERAN ROAD, P.M.B. 1037, OMU- ARAN, KWARA STATE. | TIER 2 UNIT |
| OSI MFB | EGBE ROAD, OSI, EKITI LGA, KWARA STATE | TIER 2 UNIT |
| OURS MFB | 23/25 OLOFA WAY, OFFA, KWARA STATE | TIER 2 UNIT |
| SINCERE MFB | 246 OLOFA WAY OFFA, KWARA-STATE | TIER 2 UNIT |
| STOCKCORP MFB | 95, OLOFA WAY, OFFA, KWARA STATE | TIER 2 UNIT |
| UNILORIN MFB | PERMANENT SITE OF UNVIERSITY OF ILORIN, KWARA STATE | TIER 1 UNIT |
| WELFARE MFB | 159, ABDUL AZEEZ ATTAH ROAD, SURULERE, ILORIN, KWARA STATE | TIER 1 UNIT |
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