Auchi Microfinance Bank Ltd. was duly registered in 2008 with RC: 275715. It became a Microfinance Bank after the introduction of Microfinance Bank Policy by the Federal Government in 2001. It is an offshoot of Uchi Community Bank Ltd that was incorporated in 1995. The Bank has been providing diversified, affordable and dependable financial services and providing a platform for the mobilization of savings and loans to the grass-root artisans, farmers and business people. The Bank Headquarters is located at No 40, Otaru Road, Auchi, Edo state
Auchi Microfinance Bank Ltd, was established as a unit microfinance bank to provide essential financial, social and advisory services, which will enable majority of our community to be empowered to undertake and develop sustainable entrepreneurial activities. We create enabling environment for employment opportunities and increasing the activity and productivity of the active poor thereby lifting their standard of living.
We have been rendering excellent financial, social and advisory services for the past twenty years even as a Community Bank before metamorphosing into microfinance bank. This has won us several accolades including the Best Managed Community Bank as a Community Bank in 2003 and Best MFI in the implementation of the Rural Business Plan (RBP) under the CBN/IFAD/RUFIN Programme as a microfinance bank. For several years we contributed to the development of the educational sector of our community by providing educational materials to more than sixty primary schools in Edo State as part of our corporate social responsibilities.
The bank has enjoyed stable and focused Board Management since inception and currently boasts of an authorized share capital of N300.0 million and shareholder fund of N222.236million which comprises a share capital of N96.759miillion as at December 2017 and yearly turnover of over N100.0 million. The bank has a customer base of over 32,000 out of which 80% is active and does transactions of over 25000 monthly.
OUR VISION: To be an engine of growth to all and influential to grass root development.
OUR MISSION: To place the bank at the zenith of microfinance activities by providing excellent financial, social and advisory services
CORE VALUES: Always there with transparency, integrity, honesty, dedication and trusting God to make lives better.
