Grooming Microfinance Bank

Location Ibadan, Nigeria
Impact story


To be a leading microfinance bank by providing inclusive financial services with a global perspective.


To provide value driven and customer centric products and services to our clients using technology in line with best practices.


Grooming Microfinance Bank is an off-shoot of Grooming Centre, a pro-poor development institution committed to the empowerment of economically active poor through tailored made financial services delivered to their doorstep using proven and best methodology. Grooming Centre has about 600 branches, with an asset base of 58 billion naira (₦58,000,000,000) as at the end of September 2019 and has been rated among top 5 best Microfinance institutions in the world according to MicroRate (October 2018)

Grooming Microfinance bank is a Central Bank of Nigeria (CBN) licensed, state microfinance bank which started operations in July 2018 in Oyo State, Nigeria. Within one year, the Bank has been able to raise its total asset from 150 Million naira (₦150,000,000) to over a billion naira (₦1,000,000,000) as at September 2019. The Bank is already a player in the electronic payment platform through her mobile and internet banking solutions.


Grooming Microfinance Bank is a limited liability company. The Bank is governed by the Board of Directors and managed by the Management team.

Board of Directors

  • Godwin Nwabunka – Chairman
  • Alexander Enyinnah – Managing Director
  • Adaobi Dike – Member
  • Adesoji Tayo – Member
  • Noel Ihebuzor – Member

Market Focus, Products and Services

Grooming Microfinance Bank provides a range of tailor-made financial products for micro, small and medium scale entrepreneurs. The product range includes:

  • Savings products
  • Fixed deposit
  • Free loans
  • Micro loans
  • Asset loans
  • SME loans
  • Salary Advance

GMFB believes that creating and sustaining access to tailor-made financial services is a critical tool for micro, small and medium entrepreneurs engaged in economic activities which will lead to livelihood enhancement and poverty eradication in line with the United Nations’ Sustainable Development Goal (SDG) 1 – reducing, to the barest minimum, poverty in all its manifestations.

Benefits of being part of GABV

  • Networking opportunities with national and international stakeholders and leaders on value-based banking;
  • Development of inclusive banking ecosystem with business development opportunities;
  • Knowledge sharing on value-based banking, etc.