Broadview Microfinance (MFB) Ltd, is a wholly owned Nigerian company that was incorporated on the 11th June 2007 and licensed to carry out the business of Micro financing Banking by the Central Bank of Nigeria on the 27th August 2007. Our Corporate head office is located at No. 52, Odunlami Street, Central Lagos Business District. The business was conceived after a thorough analytical review and study of our immediate environment-Lagos Island and other parts of Lagos State in general
Our Authorized Share Capital is presently at N200 million with N75 million issued and fully paid. We have commenced business at our corporate head office in Lagos Island.
We are also fully Computerized with a state of the art IT equipment.
OUR BUSINESS FOCUS
Lagos Island have been strategically divided the into six business offices to enable effectively capture, grow and focus on all the viable micro businesses within our immediate location as well as other part within Lagos state in the next three to six months.
In addition to the above, our business focus is derived from
Millennium Development Goals (MDGs),Central Banks of Nigeria guidelines and other issues that could make us contribute our own quota to the economic growth of this nation without losing sight of being viable as a Micro Economic Unit that is operating in the country. Nevertheless, we will also help in addressing the following issues:
To serve the huge unbanked market the exist
Economic empowerment of the poor
Employment generation & Poverty reduction
Improving the food security
All the above, with ultimate effect of increasing the velocity of money(Intermediating /Sustainable Economic Growth & Development)
In a nutshell, BMFB wants achieve the twin goals of
Being economically viable by ensuring appropriate returns to all stakeholders and
Also to socially contribute our own micro quota towards Macro goals of that which we have itemized above
Therefore, we have developed appropriate products that will meet the needs customers cum the delivery channel that will best suit and fit into their needs.
Though our focus is on the poor and down trodden masses, we will also not lose site of the middle level/ upper middle class that may want to deal with us on the liability side of the balance sheet side.
As a first step, we will limit our operations to Lagos Island as stated above, such that we fully tap into all the potential of this area, capture all the viable businesses, assist them in managing their growth as well as capacity building on their part(appropriate training). We will specifically encourage dealing more with associations and cooperatives.
- Tricycle riders
- Meat Sellers
- Provision sellers
- Fruit sellers
- Taxi drivers
- Food stuff seller
- Staff of Various Corporate Organisations
- Women Development Associations