If you are looking for trusted microfinance banks in Taraba 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 Taraba State, including their locations in Jalingo, and beyond.

List of All Microfinance Banks in Taraba State

There are 3 Microfinance Banks in Taraba State. They are

JEN Microfinance Bank

TARABA Microfinance Bank

URE Microfinance Bank

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Microfinance Banks in Taraba State and their location.

These are the list of all 3 Microfinance Banks and their branches in Taraba State

JEN Microfinance Bank located at NEAR GOVT. DAY SCH., JEN TOWN, KARIM LANLIDO LGA, TARABA STATE

TARABA Microfinance Bank located at 19, AHMADU BELLO WAY, JALINGO SHOPPING COMPLEX, JALINGO, TARABA STATE

URE Microfinance Bank located at KADUNA-LISSAM, TAKUM, TARABA 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 Taraba State

The structure of microfinance banks in Taraba 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.