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News & Events

  • Mutual Benefits
    Microfinance Bank Ltd gets
    State licence

  • Our ATM Cards are accepted
    on online channels Read More

About us

The Bank was incorporated as a private limited liability company on 10th January 2008 under the provisions of the Companies and Allied Matters Act, CAP C20 LFN 2004, with Registration Number 725150. It obtained its Microfinance Bank license 000118 from the Central Bank of Nigeria on April 28, 2008 and commenced operations on July 1, 2008.

The Bank changed its name by a special resolution on 4th February 2011 from Associated Investment Microfinance Bank Limited to Mutual Benefits Microfinance Bank Limited upon the acquisition of 80% of its share capital by Mutual Benefits Assurance Plc. The change of name was approved and certified by the Corporate Affairs Commission on April 12, 2011.
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We offer an array of investment and banking products and services targeted at individuals, joint & corporate businesses.


"I really thank Mutual Microfiance Bank. They helped me realize my dreams. I have an extension on the other side of the market which could not be opened for over a year due to lack of capital. Since I got to know Mutual Microfiance Bank I have been able to open it."-Babalola Jimoh
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