Addosser Microfinance Bank: Their Loan Product And Office Address In Lagos

ADDOSSER Microfinance Bank Limited was incorporated into the banking industry in Nigeria on the 27th of May, 2008. This fast growing MFB plays a major role in expanding the finance options that is available at all level to the MSMEs by providing adequate and needed financial support for their businesses through value added products and services and over the period of 9 years in the industry, the bank has disbursed to qualitied and certified applicants loans in excess of N13Billion.

Types Of Accessible Loans And Accounts

Consumer Banking Group

Salary Advance
Pay My Rent
Consumer Swiftlease
Back 2 School
Fly Now, Bill Me Later

Retail & Micro-Enterprise Banking Group

Traders Loan
Festival Loan
Micro Loan
Group Loan
Widows Loan

SME Banking Group

Working Carpital
Over Draft Facility
Asset Acquisition Finance
Import Duty Finance
Female Entrepreneur Loan

Types Of Accounts

Addosser Regular Savings Account (ARSA)

Features

Minimum opening balance of N2, 000
3% interest rate
Flexible contribution; daily, weekly, monthly
Withdrawals on demand

Benefits

Easy and convenient
It helps customers build a savings habit
Easy access to loans
Can serve as collateral for loans

Addosser Junior Active Savings Account (AJASA)

Features

Minimum opening balance of N2,000
Attractive interest rate.
Flexible contribution; daily, weekly, monthly

Benefits

Easy and convenient
This account can serve as collateral for loans

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Addosser Business Savings Account (ABSA)

Features

Minimum opening balance of N2,000
3% interest rate.
Flexible contribution; daily, weekly, monthly.
Withdrawals on demand

Benefits

Easy and convenient
Easy access to loans
Can serve as collateral for loans

Addosser Future Target Account (AFTA)

Features

Minimum opening balance of N500
4% interest rate.
Withdrawal can only be made after six months.
Fixed deposit lodgments.
Flexible contribution; daily, weekly, monthly.
Free monthly recharge card

Benefits

Saving is easy and convenient: Provision is made for Cash to be picked up for customers who are unable to visit the bank to make daily contributions
To allows customers save to meet future obligations
A good savings culture is developed in the process
AFTA account can serve as a collateral for loan