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APEKS MFB
CREATE ACCOUNT TODAY
EASY MFB FOR YOUR BUSINESS

The People's Bank
Our Key Strategy

Provision of financial services to the economically active poor, Capacity building for micro-entrepreneurs, Skill acquisition programmes and poverty alleviation programmes through employment generation

Initial Deposit of N5,000.00.
Access to loan facility of N50,000.00.
Repayment tenor is 6 months.
Minimum Compulsory savings of N800.00 per month.
Repayment will be either on daily basis or weekly
Interest Rate of 5% per month.
Two guarantors are required.
The Donor signs an MOU with the bank to provide Fund for on-lending to potential beneficiaries for economic empowerment.
A current account is opened in the name of the Donor using the signed MOU as the required documentation.
30 days contribution for customers who intend to obtain loans.
Two times of the contribution is given as loan payable for 60 days.
Loan Application forms to be obtained at different prices depending on the loan-able amount.
7% interest rate is charged on the principal amount monthly on reducing balances

OUR OBJECTIVES

To provide a wide range of financial services to a substantial and diversified Customer-base that includes low income earners and households, lowered entrepreneurs, the under banked and high networth individuals (HNIs) among others. To encourage saving culture to ensure sustainability in business of each customer as a tool to poverty alleviation in Nigeria.

  • To provide viable business models that provide access and financial empowerment to those on the base of the economic pyramid that constitute 80% of the about 165million Nigerians and also provide appreciable returns on investments.
  • To provide credit to customers, especially small and medium enterprises, low income earners and ensure effective loans usage among beneficiaries. Render business advisory and non bank financial services to our customers.

JOIN THE MOVING TRAIN
Our Services

Minimum initial deposit of N750.00.
3% credit interest payable to customers at the end of every month based on their closing balances for the month provided that the number of withdrawals do not exceed two times in a month
Minimum initial deposit of N750.00.
5% credit interest payable to customers at the end of every month based on their closing balance for the month.
10% withholding tax is charged on the 5% credit interest monthly
Minimum initial deposit of N2,000.00.
2% of the Principal amount payable upfront as management fees.
7% interest rate charged monthly on reducing balances.
2 Guarantors plus tangible security required for loans above N100,000.
Minimum of N10,000 as initial deposit (limited liability company or Other Business type).
Search is conducted at CAC on the company at the cost of N3,000 (limited liability company) and unlimited company).
One Guarantor for loan of N30,000 and below.
Interest of 7% flat on principal amount on reducing balance.
Immediate repeat loan on completion of repayment.
3% per annum is paid as interest to customers.
Potential beneficiaries shall open a savings account into which the fund approved shall be transferred. Initial deposit into this account shall be a non-refundable amount of N2,000.00 (Two thousand Naira only) to take care of withdrawal booklet, etc.
Highly experienced and constantly trained staff
Access to free advisory services

Testimonials

TRUSTED MICROFINANCE BANKING SINCE 2008
Our Dream is to Become the No. 1 Microfinance Bank in Nigeria

CONTACT US
ILORIN KWARA STATE