Fortis Microfinance Bank
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Wednesday, September 08, 2010
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About Us

Fortis Microfinance Bank Limited; licensed to operate as Microfinance Bank in October 2007 by the CBN, has the goal of meeting the high demand for microfinance banking services by providing flexible banking solutions to support the development of entrepreneurship and empowerment of the economically disadvantaged, micro, small and medium scale enterprises (MSME).

We operate out of 11 branches with a carefully selected and growing workforce of 350 ambitious, energetic and aggressive young men and women. We are quite determined to build a world class financial institution that will make a positive difference in the industry.
The 11 business offices are strategically located at major markets in the FCT, including Wuse, Garki, Emab Plaza, Utako, Mararaba, Dei Dei and Kabusa. The latter serves as an outpost to further our rural banking initiative.
Some of our unique products include Fortis Cooperative Movement Account, Fortis High Yield Term Deposit Account, Fortis Food Programme, Fortis Easy Lease and Fortis Siddon Look Savings Account, amongst others. Fortis MFB has a robust loan/credit programme covering shop owners, contractors, schools, traders, farmers, salary earners, petty traders and a host of others.

As part of our contribution towards poverty reduction, wealth creation and promotion of entrepreneurship, we are engaged in strategic partnership with relevant public agencies including the National Poverty Eradication Programme (NAPEP), Development Finance Department of Central Bank of Nigeria (CBN) National Youth Service Corps (NYSC), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Abuja Enterprise Agency (AEA) and the National Directorate of Employment (NDE). Through these relationships we disburse credits, build capacity, promote entrepreneurship amongst youths, individuals and civil servants. We also provide Investment portfolio advisory services for those working and those intending to retire, on viable business opportunities and portfolio to guarantee wealth creation in line with Mr. President’s 7-point agenda.

Our Mission
A dynamic institution; adding value to stakeholders by providing access to EXCELLENT BUSINESS-SUPPORT services.

Our Vision
We are the BEST BUSINESS-SUPPORT Bank  of Nigerian origin.

Our Objectives

  • Carry out the business of microfinance banking by providing services to micro, small and medium enterprises (MSMEs), formal and informal self-help groups, individuals, cooperatives, associations and low-income groups in Nigeria irrespective of health or status
  • Provide credit to customers, especially small and medium enterprises, low income earners and ensure effective loans usage among beneficiaries
  • Render business advisory, managerial, marketing, technical and administrative support and non-bank financial services to our customers
  • Encourage savings culture to ensure sustainability in businesses as a tool to poverty alleviation in Nigeria
  • Establish and carry out business as proprietors and promoters of microfinance banking services in Nigeria

The Fortis Edge

  • Flexibility
  • Highly experienced and constantly trained staff
  • First rate ICT infrastructure
  • Real-time On-line banking
  • Low Transactional cost
  • Easy access to overdraft
  • Easy access to other credit facilities
  • Effective and efficient monitoring of credit usage and loan recovery
  • Access to free advisory service
  • Credit life assurance cover
  • Quick turnaround/response time
  • Working alliances with our partners to extend our reach and add value to our customers
  • Branches strategically located in the FCT's major markets and within the Abuja metropolis
  • Processes and systems that work
  • Extensive knowledgebase on microfinance banking service provision and business sustainability

 

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