Obosi Microfinance Bank as a Microfinance institution carries out the following key activities on behalf of its customers as set out in the Bank’s memorandum and article of association and approved by the 2011 CBN revised MFB policy.
Acceptance of various types of deposit including savings, time and demand deposit from individual, groups and association; except public sector deposit
Provision of credit to its customers, including formal and informal self help groups individuals and association;
Promotion and monitoring of loan usage among its customers by providing ancillary capacity building in areas such as record keeping and small business management;
Collection of money or proceed of banking instruments on behalf of its customers including clearing of cheque through correspondents Banks.
Provision of ancillary banking service to its customers such as demotic remittance of fund and safe custoday
Maintenance and operation of various types of account with other Banks in Nigeria
Pay and receive interests as may be agree upon MFB and its clients in accordance with existing guidelines
Provision of professional advice to low income persons regarding investment in small businesses
Rendering managerial, marketing, technical and administrative advice to customers and assisting them in obtaining services in such fields
Investment in share or equity of body corporation, the objective of which is to provide ,microfianceservices to low person;
Additional Info
Address | Mike Ajegbo Road Obosi, Anambra |
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