Ibolo Microfinance Bank
...empowering you focus
Ibolo Microfinance Bank provides a broad spectrum of financial services such as loans, savings, financial advice, etc. to the people of low-income groups. Conversely, providing microcredit (small loan) at a low-interest rate, to the persons of below poverty line to make them self-employed, i.e. to help the small entrepreneurs start their own business.
Ibolo Microfinance Bank has utilised years of expertise to design, test, and adapt loan and savings products to meet the unique needs of people living in poverty. Our microfinance activities work through a unique ‘credit-plus’ approach, addressing the specific needs of people such as rural women, youth and adolescents, landless poor, marginal farmers, migrant workers, urban poor, and small entrepreneurs. Ibolo Microfinance Bank recognizes the heterogeneity among the poor and carefully target and develop customised financial services that best meet their varying needs.
The financial lives of petty traders are no different from those of big businesses. They require the means to feed their family every day and the ability to budget for big expenditures. We provide flexible loan services to all and sundry, taking their businesses to a whole new level.
For a long time Ibolo Microfinance Bank and its mode of microcredit has been working extremely well. Every poor person is inherently capable of taking and repaying loans, and of putting all the loan into a business, which would then grow and lift them out of poverty.
We actively support the drive to universal financial access in the near future, having enabled the financial inclusion of hundreds of people in our service areas. The Center for Financial Inclusion says that in three years, the number of unbanked have dropped from 2.5 million to 2 million.
Every year, led by the innovative management, Ibolo Microfinance Bank canvases colleagues, clients and the public to get new ideas about how service for all types of loans and offer other banking services and financial advice can work better – and then pilots them.