FINCA Microfinance Bank Ltd. in Nigeria

FINCA Nigeria launched in 2014 with its headquarters in Imo State. From the beginning, the microfinance institution focused on providing loans to support small business development in the country, especially in the agriculture sector. It also launched group and individual loan products and savings accounts during its first year of operation.

FINCA Nigeria has steadily evolved to serve the needs of a growing national market. It expanded from its base in Imo State to new operations in Orlu and Mbaise and now has clients throughout Nigeria. The institution currently offers a range of credit and savings products—in addition to credit and savings products, it now provides money transfers and micro-insurance.

Diverse delivery channels allow FINCA Nigeria to expand financial inclusion to those who need it most. The institution currently serves more than 28,000 clients through a network of five branches and one sales office and through expanding agent banking and mobile banking networks.

FINCA Nigeria launched agency banking in 2016 through FINCA eXpress, a third-party service delivery model. FINCA eXpress agents are located where clients live and work, enabling them to access financial services without traveling long distances to the nearest branch. In addition to dispensing financial services, FINCA eXpress agents are trained to provide financial literacy training.

In 2019 the institution is implementing a mobile banking solution to reach more people with responsible finance. The solution is being developed for both USSD and app-based mobile users.

FINCA Nigeria is noted for its unrivaled capacity to provide impactful financial services from access points throughout Nigeria. The institution is fulfilling the FINCA Impact Finance purpose of profitably and responsibly providing innovative and impactful financial services to enable low-income individuals and communities to invest in their futures.

Meet Omang Oto, FINCA Nigeria client