Mkobo was established in 2015 as a microfinance bank and licensed by the Central Bank of Nigeria (CBN). However, they do not operate like traditional banks or microfinance banks, because they have no banking hall, nor do they accept cash.
Just like similar banks like Nirsal microfinance bank, mkobo focuses on providing financial services through secured and unsecured credits to small and medium-sized businesses in the country. They carry out all transactions electronically and it involves no cash.
Mkobo provides one of the fastest micro loans in the country today, for those who do not have access to traditional financial services like banks.
Also, note that to take a loan, they require guarantors, and your current employment status and details.
Mkobo has three different finance packages for you to choose from. They are:
An emergency loan designed specially for you as an employee of certain organizations (both private and public), to give you access to quick short-term loans.
Getting this loan is quick and simple and takes only about 4 hours between your application and disbursement. You repay the loan from your monthly salary.
This service targets assets that help you generate income. Mkobo finances such an asset and requires you to use the asset as collateral for the loan.
Also, to access this loan, you must be a member of one organization within their partnership network.
The last loan service offered by Mkobo is the capital loan. It targets experienced agents who work for licensed network managers.
As an agent, you can access up to N500,000 to be used to grow your business. To access this service, you must be an agent for a network manager within Mkobos’ partnership network and have been trading for at least 6 months.
Simply follow this link to their website to apply: http://mkobo.com.ng/contact.html
A digital savings platform which makes regular savings for the festive periods (Eid, Easter, Christmas or New Year) simpler. They carry out the process through the use of automated recurring payment.
Festivesave encourages and helps people cultivate the habit of regular savings. It also rewards its customers with a cash bonus of up to 10% on their savings.
Festivesave is available on the web and mobile.
Mkobo is one of the best and fastest microfinance institutions to take loans from. They have packages that cater to you as an individual employee, or agent of an organization.
Since all transactions are electronic, you go through minimal stress during the application and get disbursement within 24 hours.
Their services are very easy and quick to use with no collateral. You should patronize them today.