AB Microfinance Bank Micro Loan

About this opportunity

Fast business loans from ₦500,000 to ₦20 million for traders and small business owners needing working capital or stock. AB Microfinance assesses you on what your business actually does and whether you can repay, not on formal accounts.

Who can apply

• Business owner aged 21 or older
• Nigerian resident
• Business trading for at least 6 months
• Have a physical shop or office

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Full eligibility wording from the listing

Business owner aged 21+, Nigerian resident, business operating for minimum 6 months, physical shop or office required. Assessed on demonstrated business activity and repayment capacity rather than formal financial statements.

Documents you will need

• Proof of identity (national ID, driver's licence, or passport)
• Proof of Nigerian residence
• Evidence of business location (lease agreement, tenancy receipt, or utility bill)
• Bank statements or transaction records showing business activity
• Proof of business registration (if available)
• Details of business activity and customer base

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How to apply, step by step

1. Visit or call the nearest AB Microfinance Bank branch. The bank has 36 branches across the South-West, South-East and South-South.
2. Meet with a loan officer and discuss your business, how long you have traded, and how much you need.
3. Bring the documents listed above. They will ask questions about your sales, customers, and cash flow rather than require formal financial statements.
4. The bank will assess your demonstrated business activity and ability to repay.
5. If approved, receive funds and begin repayment on a reducing balance basis.

How applications are selected

What reviewers look for

• Show clear, regular business activity. The bank wants to see actual trading and customer transactions over your 6+ months of operation.
• Prepare to explain your monthly sales, average transaction size, and how many customers or clients you serve regularly.
• Have documentary proof of your business location. A shop, market stall, or registered office address is mandatory.
• Demonstrate repayment capacity by showing cash flow. Even informal records of daily or weekly takings help.
• Be realistic about loan amount. Request funds tied to actual inventory needs or working capital gaps, not aspirational expansion.

Frequently asked questions

Guide written from the official programme page on 1 November 2026. Funders change their rules, so confirm the details on the official page before you apply.

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