Micro-finance banks are not just there for you to save money and get awesome returns and rates on them but they can also be a very good source of raising your start-up capital. They make sure that the small and medium scale businesses get the attention that they so desire from the bigger banks.

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Most of these banks have plans that would suit your every need and their repayment plans (the month, the installments and the interest rates) would always be considerate and put your kind of business in mind first. With the micro-finance banks, you need not worry about start-up capital again. Below is a rundown of the ten top micro-finance banks that you can take your money worries to and walk out with a smile… and a bag of money too.

loan

1. Accion Microfinance Bank:
Walk into this bank and speak to any of their representatives about a loan and before you leave that desk to go apply, you would have already had a smile plastered all over your face. Not only can you get your loan within the first 3 days of application, they don’t need you to bring forth any collateral and they don’t charge much per interest too.

2. AB Microfinance Bank Limited:
These ones are a bigger establishment and they would also be willing to start you up but in most cases, would need you to have held an account with them for about 3 months to know better about you.

3. Olive Microfinance Bank Ltd:
These ones have been around for a long time so if you need a bigger loan, just walk into any of their offices. They would need to see how you want to spend the money and what kind of business your doing so it is important to draw up a business plan first.

4. FirstBank Microfinance Banks:
To better cater to the SMEs, first bank has launched this line of financial institutions. They are the biggest in the microfinance industry and according to users, the most reliable. They are available at all first bank branches.


READ ALSO: How to Access Federal Government Loans And Grants

5. Eagle Microfinance Bank Limited:
Although these people are also willing to borrow you a lot, they are not readily available in a lot of areas. If you happen to stumble upon them though, you are surely getting that capital.......

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Thanks for the info. The No.1 MFB don't seems to be too eager to give large scale businesses facility. From what I think they are more at home with all these 'iyalojas', 'baba eleran'. This is my opinion sha, drawn from one or two encounters with them.

If you need a business loan , contact me 4 a business plan..

AB Micro is really doing great. Try them

Okwori12:
If you need a business loan , contact me 4 a business plan..

pls I Need A Business Loan,

Guys, Watch out for FINCA Microfinance Bank, it's d best in Nigeria now. In over 20 countries in the world