Banking for Every Nigerian
Your Financial Partner in Lagos
Access microloans up to ₦500,000, open savings accounts with zero minimum balance, and manage your money from your phone. Built for market traders, small business owners, and everyday Lagosians.
Why Lagos Trusts Us
- CBN Licensed & NDIC Insured Fully licensed by the Central Bank of Nigeria with deposit insurance protection for your peace of mind.
- Same-Day Loan Approval Apply in the morning, get approved by afternoon. Most microloans processed within 4 hours.
- No Hidden Fees Transparent pricing with clear interest rates. What you see is what you pay—no surprises.
- 24/7 Mobile Access Check balances, transfer money, and manage loans anytime from our mobile app or USSD code.
- Community-First Approach We understand Lagos markets and small businesses. Our loan officers speak your language and know your needs.
- Flexible Repayment Choose daily, weekly, or monthly repayment schedules that match your cash flow and business cycle.
Everything You Need to Grow
Borrow ₦10,000 to ₦500,000 with competitive interest rates starting at 2.5% monthly. No collateral required for loans under ₦100,000. Apply through our app, USSD (*945*123#), or visit any branch.
Open a savings account with zero minimum balance. Earn up to 8% annual interest on balances above ₦50,000. Set automatic savings goals and watch your money grow with our target savings feature.
Bring your contribution group online. Create or join digital ajo groups with automated collections, transparent records, and secure payouts. Perfect for market associations and community groups.
Accept payments via bank transfer, POS, or QR code. Track expenses, manage inventory, and generate financial reports. Get a free business debit card and access to business development training.
Free workshops on budgeting, business planning, and financial literacy. Access video tutorials in English, Yoruba, and Igbo. One-on-one coaching available for loan customers building their first business.
Our Impact in Numbers
Lagos Microfinance Bank gave me my first business loan when no other bank would listen. Now my fabric shop employs five people and I'm planning to open a second location.
Stories from Our Community
Started with a ₦50,000 loan to buy cooking equipment. Now runs three food stalls in Ikeja and employs eight staff members. Repaid first loan in 6 months and has taken three more to expand.
Young entrepreneur used ₦150,000 microloan to stock phone parts and tools. Built customer base through mobile money payments. Now processing 40+ repairs weekly with plans to open second location.
Market trader upgraded from informal lending to structured business loan of ₦300,000. Purchased bulk inventory from manufacturers. Increased profit margins by 35% and now saves ₦20,000 monthly.
Neighborhood shop owner accessed ₦80,000 working capital loan during slow season. Maintained stock levels and customer relationships. Now uses automatic savings to build emergency fund.
Okada rider saved ₦5,000 monthly for 18 months, then combined savings with ₦200,000 loan to buy second motorcycle. Now employs a driver and earning double income.
Hairdresser borrowed ₦120,000 to renovate salon and buy professional equipment. Customer base grew 60% in first year. Now offers training to apprentices and planning expansion.
Serving Lagos Since 2015
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What Our Customers Say
I was skeptical about mobile banking, but the Lagos Microfinance app is so easy to use. I check my balance every morning and send money to my children in school. The USSD code works even when I don't have data.
The loan officer visited my shop, understood my business cycle, and structured repayments around my peak sales days. That personal touch made all the difference. I've never missed a payment.
Our market women association moved our ajo contributions to Lagos Microfinance digital platform. No more arguments about missing money or lost records. Everything is transparent and automated.
I started with a ₦25,000 loan to buy baking supplies. Three years later, I have a thriving cake business, five employees, and I just bought my first delivery van. Lagos Microfinance believed in me from day one.
The financial literacy workshops taught me how to separate business money from personal money. That one lesson transformed how I manage my shop. Now I'm saving for my children's university fees.
When my generator broke down, I needed money fast to keep my cold room running. Lagos Microfinance approved my emergency loan in 3 hours. My fish stock was saved and my business continued without interruption.
Ready to Start Your Journey?
Open your account in minutes. No minimum deposit required. Get access to microloans, savings accounts, and financial tools designed for your success. Visit any of our 12 branches across Lagos or download our mobile app to get started today.