accion microfinance bank

Accion Microfinance Bank was established in 2006 and began operation in May 2007. Accion Microfinance bank limited is a subsidiary of ACCION International which is a global nonprofit committed to creating a financially inclusive world.

In this post, we are going to talk about Accion Microfinance bank loans and Accion Microfinance Bank Branches in Nigeria

Accion Microfinance Bank Limited offers the following services

Loans

Savings

Investments

E-services

Accion Microfinance Bank primary goal is to provide easy access to loans for individuals who are seeking for urgent cash to pay for their necessities. Accion Microfinance Bank Nigeria offers a range of loan products which are aimed to meet the needs of customers.

Accion Microfinance Bank In Nigeria: How To Get A Loan

Accion Microfinance Bank requires prospective customers to have been in business for at least one year and operation from the same location for at least six months before they could be eligible for a loan.

Tenure of Loans: The tenure of loans depends on the type of loans. Tenures could range from

  1. 1 – 3 months (PAY GO – Overdraft product)
  2. 4 – 6 months (Working capital)
  3. 4 – 12 months (Asset Loan)

Loan repayment: Repayment of loans are made monthly except for Group loans which are repaid weekly.

Requirements for Accion Microfinance Bank  Loan Application

To get a loan from Accion Microfinance Bank:

  • Prospective customers must submit 6 recent passport photographs
  • Prospective customers must submit a recent utility bill from residence (proof of residence)
  • Prospective customers must submit a means of Identification: National ID Card / Valid Driver’s License / Valid International passport
  • Prospective customers must submit Shop receipt (evidence of business location)

Guarantor/ Surety

Prospective customers are required to apply with a Guarantor or Surety. Guarantors are required to be between the ages of 28- 59 years and possess the capacity to repay the loan should the customer default in his loan repayment.

Requirements for the Guarantor

  • Guarantors must submit 1 recent passport photograph
  • Guarantors must submit recent utility bill from his residence
  • Guarantors must submit a means of Identification: National ID Card or Valid Driver’s License or Valid International passport

Other information about Accion Microfinance Bank Loans

  • The interest rate on loans is 6% on reducing balance.
  • There is a compulsory processing fee which covers insurance, VAT and administrative charges
  • Upon approval of loan amount, client and guarantor must come to the bank to sign offer letter and guarantee letters.
  • All loans require a 20% compulsory deposit of the approved loan amount to be paid after signing the offer letter.
  • Loans can be repaid before their due date

Note: Loans repayments of N400,000 and above require post-dated cheques covering the number of loan repayment installments as well as 2 valid references who have current accounts.

HOW TO GET A LOAN FROM ACCION MICROFINANCE BANK

If you meet all of the requirements listed above, simply walk into any Accion Microfinance bank branch nearest to you and make a request for a loan. You will be taken through the process and your loan will be approved in no time.

ACCION MICROFINANCE BANK BRANCHES IN NIGERIA

Accion Microfinance Bank has its branches located all over Lagos and Port Harcourt in Nigeria. Below is the complete list of Accion Microfinance Bank branches in Nigeria.

ACCION MICROFINANCE BANK BRANCHES IN LAGOS

CORPORATE HEAD OFFICE

4th FloorElizade Plaza

322A Ikorodu Road Anthony, Lagos.

Tel: 01 2719325 6

Fax: 01 2719327

Email: info@accionmfb.com

Website: www.accionmfb.com

AGEGE

Ashake House

223 Old Abeokuta Road, Opposite Police Station,

Agege, Lagos.

Tel: 01 2719325 6

IKORODU

62, Owolosswo Street, Off Ayangburen Road,

Ikorodu, Lagos.

Tel: 01 2719325 6

ISOLO

32, Ire-Akari Estate Road

Isolo, Lagos.

Tel: 01 2719325 6

AGRIC IKORODU

NNPC Filling Station

50,Isawo Road (1st Floor),

Agric, Ikorodu, Lagos.

Tel: 01 2719325 6

LADIPO BRANCH

93 Ladipo Street,

Beside Ecobank Nig. Plc. Building,

Matori, Mushin, Lagos.

Tel: 01 2719325 6

AJAH

XYZ Plaza (Ground floor)

No 1 Kassim Oyofo Street,

Thomas Estate,Ajah, Lagos.

Tel: 01 2719325 6

OBALENDE

26B Lewis Street,

Lagos.

Tel: 01 2719325 6

OKE-ARIN

58, Kosoko Street, Oke Arin

Tel: 01 2719325 6

OKE ODO

437 Lagos Abeokuta Expressway

Ile – Epo Bus Stop

Oke Odo, Lagos

Tel: 01 2719325 6

ORILE

Vinjosco Plaza, (left wing 1st and 2nd floor)

21 Coker Street,

Coker, Orile, Lagos.

Tel: 01 2719325 6

OSHODI

20, Oshodi Street

Oshodi, Lagos.

Tel: 01 2719325 6

OYINGBO

152 Herbert Macaulay Road

Yaba, Lagos

Tel: 01 2719325 6

EJIGBO

91 Ikotun Isolo Road, (AP Petrol Station),

Ejigbo, Lagos.

Tel: 01 2719325 6

SURULERE

77,Ojuelegba Road, Surulere, Lagos

Tel: 01 2719325 6

IDI-ORO

118 Agege Motor Road,

Beside Ecobank Nig. Plc. Building,

Idi-Oro, Mushin, Lagos.

Tel: 01 2719325 6

TRADE FAIR COMPLEX

(Balogun Business Association)

Emanolink Plaza, Hall 3,

Beside Kano Plaza, BBA, Lagos

Tel: 01 2719325 6

IDUMAGBO

19, Idumagbo Avenue,

Lagos Island, Lagos.

Tel: 01 2719325 6

IKEJA

5, Oba Akran Avenue,

Ikeja, Lagos.

Tel: 01 2719325 6

ACCION MICROFINANCE BANK BRANCHES IN PORT HARCOURT

PORT HARCOURT-1

28 Ikwerre Road,

Mile 1, Diobu

Port Harcourt, Rivers State.

Tel: 01 2719325 6

IKOTUN

40, Ikotun-Idimu Road,

Beside Mr. Biggs,

Ikotun Local Government, Lagos.

Tel: 01 2719325 6

PORT HARCOURT-2

Accion Microfinance Bank Ltd.

21 Ada George Road,

Mile 3, Diobu

Port Harcourt, Rivers State.

Tel: 01 2719325 6

That is all you need to know about Accion Microfinance Banks, their loans, and branches in Nigeria. If you have any further questions you can simply contact them through their contact details or visit and Accion Microfinance Bank branch nearest to you.

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