List of Microfinance Banks in Nasarawa State

If you are looking for trusted microfinance banks in Nasarawa 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 Nasarawa State, including their locations in Lafia, Agwada, Karu, and beyond.

List of All Microfinance Banks in Nasarawa State

There are 8 Microfinance Banks in Nasarawa State. They are

ADA Microfinance Bank

AMBA Microfinance Bank

FEDPOLY NASARAWA Microfinance Bank

JOSAD Microfinance Bank

KEFFI Microfinance Bank

NASARAWA Microfinance Bank

NSUK Microfinance Bank

WAILA Microfinance Bank

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Microfinance Banks in Nasarawa State and their location.

These are the list of all 8 Microfinance Banks and their branches in Nasarawa State

ADA Microfinance Bank located at AGWADA TOWN, KOKONA LOCAL GOVT AREA, NASARAWA STATE

AMBA Microfinance Bank located at 1, MAKURDI ROAD, LAFIA LGA, NASARAWA STATE

FEDPOLY NASARAWA Microfinance Bank located at FEDERAL POLYTECHNIC, NASARAWA, P.M.B. 01, NASARAWA, NASARAWA STATE

JOSAD Microfinance Bank located at NEAR ESU KUCHIKAU PALACE, KUCHIKAU- MASAKA, KEFFI-ABUJA EXPRESSWAY, KARU, L.G.C, NASARAWA STATE

KEFFI Microfinance Bank located at 1, ABUBAKAR BURGA ROAD, TURAKI HOUSE, KEFFI, NASARAWA STATE

NASARAWA Microfinance Bank located at 17, UMARU MAKAMA DOGO ROAD, NASSARAWA LGA, NASSARAWA STATE

NSUK Microfinance Bank located at MAIN CAMPUS, NASARAWA STATE UNIVERSITY, KEFFI, NASARAWA STATE

WAILA Microfinance Bank located at 7, CHRISGOLD PLAZA, KEFFI ROAD, MARARABA, NASARAWA 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 Nasarawa State

The structure of microfinance banks in Nasarawa 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.