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

List of All Microfinance Banks in Yobe State

There are 2 Microfinance Banks in Yobe State. They are

GASHUA Microfinance Bank

YOBE STATE Microfinance Bank

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Microfinance Banks in Yobe State and their location.

These are the list of all 2 Microfinance Banks and their branches in Yobe State

GASHUA Microfinance Bank located at NGURU ROAD, GASHUA TOWN, YOBE STATE

YOBE STATE Microfinance Bank located at PLOT 4, AHMADU BELLO WAY, DAMATRU, YOBE 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 Yobe State

The structure of microfinance banks in Yobe 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.