Overview

SHALOM MICROFINANCE BANK Ltd. is an indigenous financial institution set up to provide financial services to Individuals, Entrepreneurs and Businesses in the Micro, Small and Medium Enterprises (MSME’s) category. Our marketing strategy objective is to support and enhance Small, Medium and even some large scale businesses by financing their short term needs or bridging their short term funding gaps. In essence, we are a hybrid of your conventional Microfinance Bank, as we extend our services not only to small business and the unbanked but also to the professionals, entrepreneurs and large corporates with business that cut across all sectors of the economy. We also pride ourselves in the fact that we operate a border-less banking structure where customers from far and wide (currently only within Lagos because we are a unit Microfinance Bank) can access our facilities. We leverage on the electronic banking platforms to ensure delivery of quality banking services in this regard. All our savings account and loan products are tailor-made and intended to ensure we meet specific needs and requirements of our target market thereby ensuring ease of access and repayment. At Shalom Microfinance Bank, we offer a wide range of Retail Banking products that address the essential needs of our various clients. A. DEPOSIT ACCOUNT PRODUCTS 1. Savings Account 2. Target Savings Account 3. Current Account 4. Term Deposit 5. Wealth Management B. CREDIT ACCOUNT PRODUCTS 1. Micro Loan 2. SME Loan 3. Salary Loan 4. LPO Financing C. E-BANKING 1. Online Payment platform 2. ATM Cards