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Microfinance in Nigeria: Country Profile

Loans: 186.9 million (USD, 2011)

Active borrowers: 982,416 (2011)

Deposits
Total value of all deposit accounts
Deposits: 119.8 million (USD, 2011)

Depositors: 1.2 million (2011)

Cross Market Analysis
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MFIs (76)

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
AB MfB	2011	3	21,098,514	16,930
Ajuta MFB	2011	3	45,388	106
Alliance MFB	2008	1	817,749	714
AMfB	2011	3	9,805,111	12,454
Apex MFB	2011	1	696,800	267
Ascend Nigeria	2007	1	449,350	7,800
Awe MFB	2011	3	69,020	100
Azsa MFB	2009	1	222,943	268
Balogun Fulani MFB	2011	3	1,172,176	2,364
CGEE	2009	1	9,804,776	51,129
Chikum MFB	2010	3	562	371
COWAN	2007	1	18,612,521	228,000
Crest MFB	2010	3	346,763	944
DEC	2009	1	7,019,730	69,289
Ere City MFB	2011	3	215,740	497
Excel MFB	2011	3	1,440,185	2,501
FADU	2001	1	1,351,953	134,538
FGMfB	2010	3	1,258,607	3,134
Fortis MFB	2011	1	—	—
Gboko MFB	2010	3	148,599	136
Gobarau MFB	2009	1	94,090	135
Greenland MFB	2010	3	276,167	227
Grooming Centre	2011	3	23,983,748	193,850
Hasal MFB	2011	4	4,570,407	955
Heritage MFB	2011	3	288,631	759
Iba MFB	2011	2	457,244	396
Ibu-Aje MFB	2011	3	371,615	1,103
ICMFB	2008	1	311,889	895
Ikire MFB	2011	3	409,735	876
Ikoyi-Ile MFB	2011	4	259,803	709
Ilobu MFB	2011	3	418,021	296
Iloffa MFB	2011	4	274,061	—
Ilora MFB	2011	3	95,684	212
Ilorin MFB	2011	3	430,173	470
IMFB	2008	1	24,465,686	23,304
IMHOKHAI FARMERS INITIATIVE	2010	3	28,442	216
Insight MFB	2011	3	314,266	214
Ipapo MFB	2010	3	343,289	2,440
Iperu MFB	2011	3	361,498	266
Karis MFB	2007	1	136,635	220
Kernel MFB	2011	3	132	223
LAPO-NGR	2011	4	70,247,885	421,126
Leadcity MFB	2011	3	511,005	—
Legend MFB	2011	3	406,350	1,902
LFH	2006	1	276,423	1,882
LMI	2004	1	32,434	6,800
MBA MFB	2011	1	297,207	567
Moyofade MFB	2011	3	353,699	1,858
Multivest MFB	2011	3	444,649	1,067
Mutual Alliance S&L	2004	1	175,179	2,500
Nasarawa MFB	2010	3	862,678	2,538
North Capital MFB	2010	1	—	—
NSD	2010	1	248,981	1,520
Oakland MFB	2011	3	405	622
OAU MFB	2011	3	160,284	1,367
Obokun MFB	2011	3	128,989	393
Ogiyan MFB	2011	1	417	3,539
Okigwe Industrial MFB	2010	3	278,197	338
Okuku MFB	2011	3	712,330	342
Olofin MFB	2011	3	525,684	465
Ologbon MFB	2011	2	477,725	2,189
Olomi MFB	2007	1	697,457	—
Olubasiri MFB	2011	3	725,308	2,967
Omak MFB	2011	4	410,506	1,791
Onibu-Ore MFB	2011	4	477,193	33,208
Oroke MFB	2011	4	385,530	1,271
OSCOTECH MFB	2011	3	424,926	750
Osogbo MFB	2011	4	162,065	1,615
Ospoly MFB	2011	3	158,995	164
Pace Setter MFB	2010	3	488,715	3,200
Pathfinder MFB	2011	1	236,307	534
Paypal Thrift and Loans	2010	3	918	5,011
SEAP	2011	4	40,709,757	266,967
Trustfund MFB	2011	3	2,433,294	2,164
WODASS	2010	3	156,310	1,520
Zion MFB	2010	3	201,789	866

Funders

Funders (4)

Name	Website	# of Related MFIs	Related MFIs
Incofin - Rural Impulse Fund	www.incofin.be/...	1	LAPO-NGR
MicroCred	www.microcredgroup.com	1	MicroCred - NGR
MicroCredit Enterprises	www.MCEnterprises.org	1	LAPO-NGR
Oxfam Novib Fund	www.triplejump.eu	1	DEC

Networks

Networks (4)

Name	Website	Headquarter Country	# of Related MFIs	Related MFIs
ACCION	www.accion.org	United States	1	AMfB
AMT	www.amt-forum.org	Luxembourg	4	DEC Grooming Centre LAPO-NGR SEAP
Grameen Foundation	www.grameenfoundation.org	United States	1	LAPO-NGR
INAFI	www.inafiinternational.org	Senegal	1	LAPO-NGR

Service Providers

Service Providers (7)

Name	Website	Institution Type	# of Related MFIs	Related MFIs
Crystal Clear Software, Ltd.	www.loanperformer.com	Technology Provider	3	FADU Gusau MFB Rahama
Fern Software	www.fernsoftware.com	Technology Provider	1	LAPO-NGR
Kiva	www.kiva.org	Peer-to-peer Lender	1	LAPO-NGR
MicroRate	www.microrate.com	Rater	2	IMFB LAPO-NGR
Planet Rating - West Africa & Central Africa		Rater	1	Susu MfB
PlaNIS	www.planis.org	Fund Manager	1	LAPO-NGR
Sigma Data & Computers	www.sigmadc.com	Technology Provider	2	DEC Olofin MFB