About Us

What We Are

Mainstreet MFB formerly known as Afribank Microfinance Bank Ltd is a private liability company incorporated in November 2008.

We are licensed by the Central Bank of Nigeria (CBN) to provide Micro-Financial Banking services to the banking public.

Since incorporation on November 27, 2008, MBMFB has provided micro credits to its numerous clients. Lagos and its neigbouring states present significant opportunity for trade and investment, hence, businesses are rapidly springing up and require funding for working capital and expansion.

Our primary objective is to nurture and enhance the socio-economic empowerment of the underbanked and unbanked through innovative technology and provision of trusted seamless financial services.

It runs a business split of 60% and 40% of micro credits and Small and Medium-sized Enterprises (“SME”) related transactions, in order to maximize its potentials and impact in the market place.

The Bank became operationally profitable in 2012 (within 3 years of commencement of business) with profit before tax of N64.51 million and closed 2016 with a PBT of N168.76 Million

Mission

To nurture and enhance the socio-economic empowerment of the underbanked and unbanked through innovative technology and provision of trusted seamless financial services.

Vision

To be the leading provider of value creating financial services to the underbanked.

Our partners

As part of our corporate mission objective to nurture and enhance the socio-economic empowerment of the under banked and unbanked through innovative technology and provision of trusted seamless financial services we are engaged in strategic partnership with local and foreign technical and fund investors. Read more>>>>

OUR PARTNERS

  • ALITHEIA CAPITAL An International Funds Manager and Microfinance Advisor more>

  • BANK OF INDUSTRY A major development financing institution more>

  • RURAL FINANCE INSTITUTION
    Mainstreet Bank Microfinance Bank is a RUFIN-mentored MFB. more>

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