Lovonus Microfinance Bank is licensed by the Central Bank of Nigeria under the Bank & Other Financial Institution Act (BOFIA) of 1991 (as amended) and the National Microfinance Regulatory and Supervisory Framework of December 2009.
The bank was incorporated in 2010 and started operations in February 2012. Lovonus MFB provides banking services especially loans and related products to low-income, micro and small entrepreneurs who do not have adequate access to services from the country’s conventional banking institutions.
Lovonus MFB is insured by NDIC- Nigeria Deposit Insurance Corporation. The benefit of this placement is to have a unit MFB for the community which will provide quality and cost effective financial intermediation services to our customers and clients in and outside Nigeria. The Head Office is Iddo Ultra-modern Complex, Iddo-Otto Causeway. Iddo, Lagos mainlandYears of experience : Minimum of 2 years in the Microfinance sector