Most SMEs in a country like Nigeria, do not meet the commercial bank requirements to receive certain loan amounts. This, for a long time, made them stuck at certain levels of operation until the emergence of microfinance banks. Addosser Microfinance bank is one of the institutions that is dedicated to providing loans for SMEs and individuals in the country. If you are in either category, read on to find out everything you should know about Addosser Microfinance bank.
About Addosser Microfinance bank
Incorporated on the 27th of May 2008, Addosser Microfinance Bank has played a major role in expanding the financial options of SMEs. In the last decade, they have provided an excess of N36 billion in loans to businesses all over the country. Beyond a doubt, Addosser Microfinance Bank is one of the leading microfinance banks in Nigeria.
They are managed by a board filled with personnel with decades of experience in the banking industry and have over 300 employees. Also, at the time of this writing, Addosser Microfinance Bank currently serves over 84,000 customers across distinct business groups. Also, read more on microfinance banks in Nigeria here.
What services does Addosser Microfinance Bank offer?
Addosser Microfinance Bank offers majorly two services to customers. They are:
1. Loans:
Addosser loan services offer businesses and individuals a way to obtain money upfront and pay it back over time. This loan service is further divided into the following categories:
a. Retail and micro enterprise banking group:
Basically, the retail and micro enterprise banking group focuses on micro entrepreneurs and individuals who are in the economically poor category. It offers loans as a way out, to ease immediate financial responsibilities. The available loans under this group are:
- Traders loan
- Festival loan
- Micro loan
- Group loan
- Lastly, widows umbrella
In addition, to find out details about each loan and their respective requirements, follow this link to their official website: https://addosser.com/services/retail-micro-enterprise-banking-group/
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b. Consumer banking group:
this group goes a step further from the economically poor to the low to middle income salary earners. It is only available to staff of reputable institutions. The available loans under this group are:
- Salary advance
- Pay my rent
- Also, consumer swift lease
- Back-2-School
- Lastly, vacation loan
In addition, to find out details about each loan and their respective requirements, follow this link to their official website: https://addosser.com/services/consumer-banking-group/
Read more on how to apply for microfinance bank loans in Nigeria.
2. Savings and deposit:
although they primarily focus on loan as a microfinance bank, Addosser also offers savings and deposit options like regular commercial banks. The available products under this service are the Addosser:
- Regular savings account (ARSA)
- Future target account (AFTA)
- Also, Junior active savings account (AJASA)
- Business savings account (ABSA)
- Current account
- Lastly, fixed deposit account
How can I apply for Addosser microfinance bank loan?
To apply for their loan, simply walk into any of their offices, and an agent would attend to you. However, it is important that you browse their website beforehand to know what you want and the requirements for it. Also, you can contact the bank ahead through any of the contacts means in the next subheading.
How can I contact Addosser Microfinance bank?
You can contact Addosser Microfinance bank through any of the following means:
Headquarters Address: 32 Lewis Street, Lagos Island, Lagos. To find the nearest branch to you, visit their official website (https://addosser.com) as it contains a list of all their branches.
Phone: +234-9087013749, +234-8140437926
Email: customercare@addosser.com
You can also use the request for a callback option that is available on the home page of their website. Simply visit https://addosser.com/ and supply the requested details. An agent would reach out to you soonest. Also, view the complete list of microfinance banks in Lagos, Nigeria.
Conclusion
Basically, Addosser Microfinance Bank offers a wide range of loan services that cover all your business and personal needs. Also, their loans come with flexible arrangements, depending on the type and amount of loan in question. Get started by visiting their official website or walking into any official outlets today.
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