FAQs
Frequently Asked Questions about MFB license
This FAQ is written for founders, operators, investors, and lending teams who are either planning to apply for a MFB license or already exploring what running one actually involves.
Information
How to secure your MFB license in Nigeria
Thinking about starting a microfinance bank in Nigeria? Securing an MFB license is an important step, but the process involves specific regulatory requirements, documentation, capital requirements, and approval procedures. This guide explains how to secure an MFB license in Nigeria, the different licensing options available, what you need to prepare, and the key steps involved in the application process.
