About Us
Memphis MicroFinance Bank was born out of the noble ideal to contribute to the political and economic vision of the Ondo State Oil Producing Area Development Commission (OSOPADEC), Ondo State Government and Federal Government of Nigeria. Our goal is to tap into the potentials in microfinance banking sector for the purpose of creating wealth and maximizing profit and in the process create enabling environment for the eradication of poverty in the mandate area of OSOPADEC and Ondo State at large.
Our objectives include:
To realize these objectives, Memphis Microfinance Bank will continue to provide micro-finance services such as savings, loans, domestic fund transfers and other financial/non-financial services that economically active poor families, micro-enterprises and small and medium enterprises need to conduct or expand their businesses as defined from time to time by regulatory authorities such as the Central Bank of Nigeria and Nigeria Deposit Insurance Corporation.
Our Mission
To provide financial and non-financial services to our target market in a timely and efficient manner that will ensure adequate returns to our shareholders through affordable digital platform and highly motivated professional team.
Our Core Values - P R E C I S E
Ownership
The ownership of the bank resides with Coastville Global Resources Limited. Coastville Global Resources Limited is an investment arm of Ondo State Oil Producing Areas Development Commission (OSOPADEC). The shareholders also include Honourable (Barr) Olugbenga Edema, a man that is sold out to providing empowerment opportunity for the citizenry of the mandate area, especially the active poor to give them the required opportunity to escape poverty productively