ACCION Microfinance Bank Ltd.

ACCION Microfinance Bank Ltd.

ACCION Microfinance Bank Ltd.

Overview
Date Founded

2006

Headquarters

Elizade-Toyota Plaza,4th Floor, 322A Ikorodu Road,Anthony Village,Lagos, Cross River

Type of Company

Private

Industries

Consumer Finance
Holding Companies

Company Description

ACCION Microfinance Bank Ltd. provides microfinance banking business services. The firm's products and services include accounts for accumulating individual and family savings, accounts for transaction purposes for individuals/entrepreneurs, transaction accounts for small and medium sized entrepreneurs, and fixed deposit accounts for socially minded individuals and organizations. It offers its commercial and personal financial products for micro-entrepreneurs and low income earners to develop and grow their businesses. The company was founded in 2006 and is headquartered in Lagos, Nigeria.

Executives & Employees

Chief Financial Officer

Chief Commercial Officer

Chief Information Officer

Head, Risk Control & Compliance

Head, Internal Audit

Head, Marketing & Communications

Head, Business & Product Development

Resident Advisor

Resident Advisor, Channels & Technology

Board of Directors

Managing Director & Director at Ecobank Nigeria Ltd.

Chief Investment Officer at Accion International (Private Equity)

Managing Director, Head for Sub Saharan Africa at Citigroup, Inc.

Former Chairman & President at The Chartered Institute of Bankers of Nigeria

Chief Investment Officer at Bamboo Finance Sarl

Former Group Head-Corporate Communications at Ecobank Transnational, Inc.

Associate at Chartered Institute of Taxation of Nigeria

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Investors
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ACCION International focuses on investments to develop sustainable microfinance institutions (MFIs) primarily in the India, China, Mynamar and sub- Saharan Africa. The firm provides early-stage equity, quasi-equity financing and loan guarantees to help MFIs become independent of donor funds, attract deposits and attain financial leverage. ACCION links MFIs to commercial banks and capital markets by guaranteeing local currency borrowings and through the issuance of fixed-income instruments. In addition, ACCION invests in new technologies that can significantly improve the way financial services are delivered to the poor. The vehicles through which ACCION provides financing are managed by ACCION's Global Investments Group and ACCION Investment Management Company. The firm provides seed funding and assistance for start-ups.

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IFC Asset Management focuses on investments in emerging markets with emphasis on the following global themes: carbon finance, cleaner technologies, social responsibility, sustainable investing, investment climate advisory services, gender and global environment. The firm invests in a variety of regions including: Sub-Saharan Africa, East Asia & the Pacific, Europe & Central Asia, Latin America & the Caribbean, Middle East & North Africa, South Asia and South East Europe.

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Zenith Bank Plc engages in the provision of banking and financial services to corporate and individual customers. The firm's services include obtaining deposits from the public, granting of loans and advances, corporate finance and money market activities. It operates through two segments: Corporate, Retail Banking, Pension Custodial Services & Nominee-Nigeria; and Outside Nigeria Banking-Africa and Europe. The Corporate, Retail Banking, Pension Custodial Services & Nominee-Nigeria segment provides a broad range of banking and pension custodial services to a diverse group of corporations, financial institutions, investment funds, governments and individuals. The Outside Nigeria Banking-Africa and Europe segment provides a broad range of banking services to a diverse group of corporations, financial institutions, investment funds, governments and individuals outside Nigeria. The company was founded by Jim Ovia on May 30, 1990 and is headquartered in Lagos, Nigeria.

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