Countries & Regions

Microfinance in Nigeria: Country Profile

Country Profile
Key statistics, MFIs, networks, funders and service providers.
Macroeconomic Data
A snapshot of Nigeria's social & economic health.
News
The latest articles about microfinance in Nigeria.
MFIs (24)
MFI Updates
Name Date Diamonds Gross Loan Portfolio Gross Loan Portfolio

Gross Loan Portfolio

 		Number of active borrowers Number of active borrowers

Number of borrowers with loans outstanding
Alliance MFB 2008 4 817,749 714
AMfB 2010 4 6,835,159 9,473
Ascend Nigeria 2007 3 449,350 7,800
Azsa MFB 2009 3 222,943 268
CGEE 2009 2 9,804,776 51,129
COWAN 2007 2 18,612,521 228,000
Crest MFB 2010 — 346,763 944
DEC 2009 5 7,019,730 69,289
FADU 2001 4 1,351,953 134,538
Gboko MFB 2010 — 148,599 136
Gobarau MFB 2009 — 94,090 135
ICMFB 2008 4 311,889 895
IMFB 2008 5 24,465,686 23,304
Ipapo MFB 2010 — 343,289 2,440
Karis MFB 2007 3 136,635 220
LAPO-NGR 2010 4 48,808,947 303,882
LFH 2006 3 276,423 1,882
Mutual Alliance S&L 2004 3 175,179 2,500
Nasarawa MFB 2010 — 862,678 2,538
Olomi MFB 2007 2 697,457 —
Pace Setter MFB 2010 — 488,715 3,200
SEAP 2010 5 26,231,534 157,344
WODASS 2010 — 156,310 1,520
Zion MFB 2010 — 201,789 866

Macroeconomic Data

Data from World Bank
View more Macroeconomic Data »

Legal Information

Central Bank of Nigeria
CGAP Regulation Center

Recent News

02.11.12
MICROCAPITAL BRIEF: Plans Still on for Nigeria to Create Microfinance Development Fund in 2012
More at MicroCapital »
02.10.12
Benin makes headway in attempt to reduce deaths from malaria | Alex Duval Smith
More at Global development: Poverty matters blog | guardian.co.uk »
02.09.12
Africa: Financial Exclusion – Nigeria Lags Behind Kenya, Bostwana, South Africa
More at Mobile Money Africa »
02.09.12
MICROFINANCE PAPER WRAP-UP: Global Microscope on the Microfinance Business Environment 2011
More at MicroCapital »
View more news »