Ibile Microfinance Bank Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care

In the vibrant city of Lagos, where tradition meets progress, IBILE Microfinance Bank stands as a beacon of financial empowerment for the community. The name “IBILE” resonates with the essence of the Yoruba language, symbolizing the bank’s commitment to tradition and the people it serves. In this blog post, we delve into the core values and offerings of IBILE Microfinance Bank, highlighting its role in fostering economic growth in Lagos.

IBILE: A Commitment to Lagos Communities:

IBILE, an acronym representing Ikorodu, Badagry, Ikeja, Lagos Island, and Epe, mirrors the five divisions of Lagos state. This strategic nomenclature signifies the bank’s genuine dedication to the people of Lagos, reinforcing the idea that IBILE Microfinance Bank is indeed “for Lagos by Lagos.”

Financial Initiatives and Partnerships:

The journey began with a groundbreaking initiative—a 25 million naira investment established by the Lagos State Government through the Lagos State Employment Trust Fund (LSETF). IBILE was appointed as the trusted disbursement channel for this fund, further solidifying its role as a catalyst for small and medium businesses in Lagos.

Product Offerings Tailored for Everyone:

IBILE Microfinance Bank extends a helping hand to diverse segments of the community through its array of deposit and loan products. Let’s explore these offerings that cater to various financial needs:

Deposit Products:

1. IBILE Easy Save: A savings account with a minimum opening balance of N500.
2. IBILE Individual Current: Tailored for individual account holders.
3. IBILE Joint Current Account: Ideal for joint account holders.
4. IBILE Corporate Account: Designed for corporations and organizations.
5. IBILE Kiddies Savings: A savings account for minors.
6. IBILE LOYA: A savings account with a time commitment; save for 90 days with no withdrawals to qualify for a loan.
7. IBILE Esusu: A savings account with daily sales withdrawals to reach financial goals.
8. IBILE Rosca: A savings account aiding entrepreneurs in building credit for loan access.
9. IBILE Fixed Deposits: Traditional fixed deposit account with tenures ranging from 30 to 365 days.

Loan Products:

1. IBILE Asset Finance: Financing for assets such as generators, mobile phones, laptops, and more.
2. IBILE Travel Loan: Finance your travel ticket with this convenient product.
3. IBILE Salad: Designed for salary earners with approved loan amounts deducted from monthly pay.
4. IBILE MDA Loan: Available to staff members of Lagos state Ministries, Departments, and Agencies.
5. IBILE Get Micro: Tailored for small and micro businesses needing funds below N500,000.
6. IBILE Easy Get SME: Accessible loans for individuals and corporations exceeding N500,000.
7. IBILE Back to School: A 90-day tenure loan to aid parents with children’s school fees.
8. IBILE Get Together: Crafted for groups such as cooperatives and unions requiring funding.
9. Agricultural Finance: Available to farmers for expanding small and medium-scale agricultural enterprises.

Conclusion:

In essence, IBILE Microfinance Bank has simplified access to funding, making financial freedom achievable for all. With a modest N500, one can embark on a journey towards financial empowerment. Explore the diverse products offered by IBILE and take a step closer to realizing your financial goals. Trust IBILE – where tradition meets financial innovation for the people of Lagos.