Support Microfinance Bank

Support Microfinance Bank is a licensed microfinance institution serving individuals, groups, and small businesses in Ifako-Ijaiye, Lagos, and the wider Ogun and Lagos corridors. Established as Support Microfinance Bank Limited and licensed by the Central Bank of Nigeria in July 2009, the bank began operations in September 2009 to provide focused micro-financing solutions to people who are often overlooked by traditional banking systems. From its corporate office in Ifako-Ijaiye and head office at 24 Yakoyo Rd, Ojodu, Support Microfinance Bank connects local communities to practical, technology-driven financial services.

Positioned within Nigeria’s evolving fintech and financial technology landscape, Support Microfinance Bank combines the familiarity of a community-focused bank with the efficiency of digital tools. The bank partners with economically active but financially underserved individuals and micro, small, and medium enterprises (MSMEs), helping them access credit, save consistently, and manage cash flow more effectively. Whether you are a market trader, salary earner, small business owner, or part of a cooperative, Support Microfinance Bank offers structured products tailored to your day-to-day realities.

Over the years, the bank has developed a broad portfolio of microfinance products that bridge the gap between informal saving and borrowing circles and formal financial institutions. Through investments in technology and strategic partnerships, Support Microfinance Bank continues to evolve as a digital microfinance bank that prioritises convenience, financial inclusion, and responsible lending in Ifako-Ijaiye, Lagos, Ojodu, and beyond.

Services & Specialties

Support Microfinance Bank provides a robust mix of loan products designed to meet different customer needs. Its Individual Loans help traders, artisans, and professionals access working capital or personal funds without navigating complex traditional banking requirements. Group Loans support cooperatives and informal associations, allowing members to leverage collective strength for better financing, while Corporate Loans (MSME) are tailored to micro and small businesses that need capital to expand, restock inventory, or invest in new assets. The bank also offers Asset Financing, giving customers a structured way to acquire critical tools, equipment, or other productive assets, as well as Salary Payment services that support employers in managing payroll efficiently.

On the savings side, Support Microfinance Bank offers a range of flexible savings products built around real-life financial goals. The Savings Account supports everyday banking needs, while the Daily Contribution Account mirrors popular thrift and “ajo” systems in a safer, more structured format. Customers planning for specific milestones can open a Future Dreams Account or an Academic Account (Back to School – Fees) to manage school expenses. For seasonal needs and cultural celebrations, the Festival Account supports disciplined savings towards holidays and festivities. In addition, the bank’s Term Deposit Account and Recurring Deposit Account cater to customers who prefer to lock in funds or contribute regularly over a set period for better long-term planning.

What sets Support Microfinance Bank apart among fintech and financial technology providers in Lagos and Ogun State is its commitment to aligning products with the realities of low and middle-income customers. By integrating digital processes into traditional microfinance, the bank aims to simplify onboarding, account opening, and loan applications while keeping its services accessible to customers who may be new to formal banking. This blend of technology-enabled microfinance, local presence, and tailored financial solutions positions Support Microfinance Bank as a key partner for individuals and MSMEs seeking sustainable financial growth.

Why Choose Support Microfinance Bank

• Licensed microfinance bank: Operating under a Central Bank of Nigeria license, providing the assurance of a regulated financial institution.
• Focused on financial inclusion: Dedicated to serving economically challenged individuals, groups, and MSMEs in Ifako-Ijaiye, Ojodu, and surrounding communities.
• Wide range of tailored products: From Individual and Group Loans to Daily Contribution, Academic, and Festival Accounts, services are structured around real-life needs.
• Technology-driven banking: Ongoing investments in digital tools position Support Microfinance Bank as a forward-looking fintech-focused microfinance bank.
• Strategic partnerships: Collaborates with key organisations to enhance access to credit and savings opportunities for customers affected by economic pressures.
• Local presence with community insight: Deep understanding of the Lagos and Ogun business environment, helping customers choose products that fit their specific contexts.

Location & Accessibility

Support Microfinance Bank serves customers from its corporate office in Ifako-Ijaiye, Lagos, Nigeria, and its head office located at 24 Yakoyo Rd, Ojodu, 101233, Ogun State. This strategic positioning along a busy corridor between Lagos and Ogun State makes the bank accessible to residents, commuters, and small businesses operating in and around Ifako-Ijaiye, Ojodu, and Ibafo. With branches and offices situated close to major roads and bus stops, customers can easily visit in person while also exploring digital contact options through the bank’s online platforms.

Get in Touch

Prospective and existing customers can learn more about Support Microfinance Bank’s microfinance and fintech services by visiting the website at http://supportmfb.com/ or stopping by the office at 24 Yakoyo Rd, Ojodu. Whether you are interested in opening a savings account, applying for a loan, or exploring salary and deposit solutions, the team is available to guide you through the options and help you choose the products that best support your financial goals.