STANDARD MICROFINANCE BANK

Empowering Communities Transforming Lives!

Standard Microfinance Bank

Established in 1992 as Jimeta Community Bank and upgraded to a Microfinance Bank in 2007, Standard Microfinance Bank Limited has been at the forefront of empowering communities and changing lives in Adamawa State, Nigeria.

Our Commitment to Financial Inclusion:
With a mission to reach the unreached, we provide consistent high-quality, customer-driven products and services that are readily available, affordable, and dependable.

Our vision is to be a leading
Microfinance Bank in Nigeria, supporting sustainable economic development in our area of operations.

Key Objectives:

– Reduction of Rural/Urban Poverty
– Creation of Income Opportunities
– Diversification of Income Generating Activities
– Reputability and Profitability

Target Market:

Rural and urban areas with limited access to formal
financial markets, Men and women, Small-scale farmers,
micro-entrepreneurs and low-income earners in the informal sector

Impact Highlights:

• Cumulative loan facility of 10 billion naira to over 150,000 clients
• Financed 50,000 households in Adamawa to own solar energy
• Financed over 200 private schools to build infrastructure
• Financed 50 health facilities within Adamawa for effective healthcare delivery
• Establishment of 15 branches in remote areas of Adamawa State to foster financial inclusion
• Creation of employment opportunities by establishing Bank agents in different communities.

Awards and Recognitions:

* Winner, European Union (EU) competitive grant for financial inclusion
* Featured in EU newsletter for success in financial literacy training
* Finalist in the European Microfinance Award 2015
* Best Managed MFB in Nigeria awarded by CBN-IFAD-RUFIN consortium
* Lead partner, Nigeria Climate and Clean Air Coalition (CCAC)
* Best performing microfinance Bank 2021 by FIA Uk
* Best Microfinance in Northern Nigeria 2023 by DBN
Pioneers of Rural Agricultural Empowerment in Northeast Nigeria 2023 by Stir360 Magazine.