Let’s build your business together.
Loans allow for growth in the overall money supply in an economy and open up competition by lending to new businesses. Our individual loan offers a financial solution to entrepreneurs to enable them achieve their business goals — the growth of your business should not be constrained by lack of capital or collateral.
In business, sometimes you need a little more capital to expand your operation and meet your goals. Ibolo Microfinance Bank loans help you maintain and grow your business, along with free financial advisory services to manage your business and cash-flow. No amount is too little to reach your goal.
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Our loans are tailored to the needs of entrepreneurs seeking to start, maintain and grow their businesses.
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The School Fees loan is a credit facility to enable parents and guardians to promptly pay their children's school fees.
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The Small Enterprise Loan is for business owners to grow and develop their businesses.
TYPES OF LOANS
Seven ways we put capital in your hands
Each product comes with clear requirements, rates and tenor — pick the one that fits your goal and talk to a loan officer today.
Loans (personal)
A financial solution for entrepreneurs to achieve their business goals.
- Must be a customer of the bank
- Must operate a salary account with the bank
- Rate: On request
- Tenor: 1 year maximum
Corporate Loan
Targeted at organizations to meet staff salaries payments, working capital etc.
- Organizations with verifiable cash-flow
- Working capital or payroll need
- Rate: On request
- Tenor: 1 year maximum
Ibolo Easy Buy
Meet your household item needs — fridge, generator, television, washing machine and more.
- Targeted at all and sundry
- For household item acquisition
- Rate: 27% P.A.
- Tenor: 1 year maximum
Asset Financing
For company asset acquisition and/or working capital. Apply now.
- Customer equity/cost contribution of 30%
- Company asset acquisition or working capital
- Rate: 48% P.A.
- Tenor: 1 year maximum
Ibolo Galaxy Loan
A savings account with the features of a current account (overdraft account).
- Savings account with overdraft features
- Flexible access to funds
- Rate: On request
- Tenor: Flexible
Overdraft Facility
Targeted at salary earners, pensioners, companies and executive savings customers.
- Salary earners, pensioners, companies
- Executive savings customers
- Rate: 27% P. A.
- Tenor: 1 month
SME/MSME Funds
Funds from Kwara State Government (KWSG) intervention funds, CBN, BOI and other donor agencies (national and international).
- SMEs and MSMEs
- KWSG, CBN, BOI & donor agency schemes
- Rate: Single digit
- Tenor: Not available
Ready to grow your business?
Talk to a loan officer about the product that fits your goal — with free financial advisory services to manage your business and cash-flow.