StartCredits StartCredits StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
ab microfinance loans

AB Microfinance

Interest Rate (5% – 6.5%)

 

Apply
Category: Microfinance Tags: Business, Education, Vehicle
  • Description

Description

AB Microfinance


AB Microfinance Bank Nigeria is a foreign-owned financial institution, based in Lagos state, which offers a broad range of financial services to micro, small and medium-sized enterprises (MSMEs) and other clients in the lower income strata. The interest rate charged depends on the loan amount.

Microfinance  lending is the provision of financial services for people who don’t have access to traditional financial services such as banks. The loans are aimed at individuals who were previously considered “unbankable” by larger banking institutions. These are borrowers who are possibly dealing in small amounts of money each day, living in hard-to-access areas, without credit histories or who don’t meet “traditional requirements” within the banking sector.

Microfinance loans specifically are not appropriate in situations where they propagate a cycle of debt or dependence. If you are taking out the loan to pay off another loan, this is considered very bad practice.

Pros

  • High maximum loan
  • Choice of repayment scheme
  • No borrower groups

Cons

  • On site assessment by lending staff
  • Geographic restrictions to Lagos
  • Collateral required

Requirements

• Applicant must be 21 or above
• Applicant must be a Nigerian Resident
• Applicant must be the owner of the business
• Business must be in operating area .

 

Related products

  • personal trust microfinance loans

    Personal Trust

  • Mayfair microfinance bank loans

    Mayfair

  • mkobo loan

    Mkobo

  • imeela loans

    Imeela

Search for your Loan

Latest Loans

  • Nigerian Mortgage Refinancing Company Nigerian Mortgage Refinancing Company
  • bank of industry startcredits Bank of Industry
  • Okash Okash
    Rated 4.29 out of 5
  • Omoluabi Omoluabi
  • Ibile Ibile
    Rated 1.00 out of 5
  • Lapo Microfinance
  • FAHIMTA Fahimta
    Rated 4.33 out of 5
  • pennylender loans Pennylender
  • echo microfinance Eco bank
  • Lagos State Employment Trust Fund loans Lagos State Employment Trust Fund
    Rated 4.75 out of 5

Loan Advice

  • Securing a federal government housing loan in Nigeria
  • How to check your NIN for a loan application
  • Non-performing loans of Nigerian banks
  • Types of loans offered in Nigeria
  • Home loans in Nigeria
  • Who gives loans for Nigerian Startups
  • The 2020 top banks in Nigeria by earnings
  • Key requirements to access loans in Nigeria

Company

  • About
  • Contact
  • Careers
  • Credit Score

Loans

  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance

Investments

  • Crypto
  • Bonds
  • Deposits
  • Shares

Follow Us!

Follow Us on FacebookFollow Us on TwitterFollow Us on Google+
Return To Top
  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance
Copyright © 2022 startcredits.com
  • Loans
    ▼
    • Credit Score
    • Guide
  • Investments
    ▼
    • Bank
    • Crypto
  • Log In