Meridian Microfinance Bank Limited was incorporated in 2007 by the Corporate Affairs Commission, Abuja and licensed by the Central Bank of Nigeria (CBN). The Bank is currently registered at 375 Old Ojo Road, by Fin-Niger Bus-stop, Satellite Town, Lagos (Meridian Plaza).
Since 2008, they have served over 10,000 clients. They offer a variety of savings and loan products aimed at improving the financial conditions of Small businesses, petty traders, artisans and small business start-ups.
General plan features include:
- Salary Advance Loan – borrowers can overdraw by 50% of net salary
- Micro Term Loan – depends on amount saved daily, flexible repayment structure for 6 months