Home COMPANIES AB Microfinance Bank: Recruitment, Salary and Loan Process

AB Microfinance Bank: Recruitment, Salary and Loan Process

AB Microfinance Bank

This article contain information about AB Microfinance Bank: Recruitment, Salary and Loan Process.

Microfinance Banks have been with us for the longest time and it’s really great to see them getting loads of recognition as time goes by.

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AB Microfinance Bank is one of the most established ones, and we’re going to take you through their Recruitment stages, Salary expectations, Loan Processes.

If you’re one of those who’s probably wondering why Microfinance Banks are starting to gain more grounds in both Local and International systems, here are a few reasons;

  • They serve as a way for entrepreneurs who are at a disadvantaged end, gain further access to financial services.
  • They help younger household entrepreneurs avoid and plan against both seen and unseen risks such as natural disasters, death, and even theft.
  • Microfinance Banks such as AB MfB creates sustainable jobs and encourages people to save, as it offers them with significant economic gains.

The above and a few others are some of the reasons why Microfinance Institutions such as AB MfB are gaining relevance on a daily basis.

Now, most individuals who are in one way or another interested in involving themselves with AB MfB have a few thoughts they would like to know about this financial institution.

Some of these thoughts are;

  1. Where is AB Microfinance Bank located?
  2. Who are their Management Board Members?
  3. When and where was it founded?
  4. What are their loan processes and requirements like?
  5. What and what do we need to know about the steps and stages involved in their recruitment?
  6. What is AB Microfinance Bank’s salary structure?
  7. Where can we find their branches?

If you are one with these questions, or know a few people who might have the burning need for answers to these questions and others, stick with us.

We got you; but first, let us learn about the National AB Microfinance Bank which is fully licensed by the Central Bank of Nigeria.

About AB Microfinance Bank

AB MfB which is a Limited Liability Company and duly incorporated under the 2002 Companies and Allied Matters Act; and regulated by the Central Bank of Nigeria, prides itself as one with a passion that is committed to helping and improving the business opportunities of entrepreneurs.

By doing this, AB MfB avails itself as an instrument for entrepreneurs both budding and established to gain access to affordable loans, as well as improve their financial status.

The AB Microfinance Bank as a Financial Institution possesses an exceptional group of shareholders, who commit themselves to the improvement of the country’s financial services.

These shareholders are Access Microfinance Holding AG of Germany, KfW – the German Development Bank, the African Development Bank, and the International Finance Corporation of the World Bank Group.

Together, this group has successfully established records in monitoring, managing and setting up Microfinance Banks across countries in Africa and Asia such as Nigeria, Rwanda, Tanzan, Tajikistan, etc.

AB Microfinance Bank has its head office in Lagos state, with branch offices spread across Oyo, Ogun , Anambra and Ondo states.

Management Board

You would find below, a run through of all their current Management Board Members, their roles, and profiling; all according to the published entries on their media.

Dr. Bernd Zattler – Chairman (AccessHolding)

Dr. Zattler is the Chief Executive Officer of AccessHolding AG, the majority owner of AB Microfinance, as well as a member and chairman of other banks in the AccessHolding Group.

In 1994, Dr. Zattler established the consulting firm LFS Advisory GmbH, the founding shareholder of AccessHolding.

His prior professional experience includes work for a multinational firm and in other institutions engaged in development finance.

Dr. Zattler holds a PhD in Economics and is fluent in German, English and French.

Note: AccessHolding new Chairman is Johannes Mainhardt 

Marcus Hannappel – Director (AccessHolding)

Marcus Hannappel, Member (AccessHolding). Mr. Hannappel is a senior banking expert at AccessHolding.

He has worked in several microfinance banks, including one year as the Chief Credit Officer / Deputy CEO of AB Microfinance Bank Nigeria, as well as three years as a Credit Advisor and Branch Manager in Nigeria and Madagascar.

Mr. Hannappel holds an M.Sc. in Economics and speaks German, English, French and Spanish.

Note: AccessHolding new director is Mikhail Velichko

Johannes Mainhardt – Director (AccessHolding)

Johannes Mainhardt, Member (AccessHolding). Mr. Mainhardt is the Head of Investments at AccessHolding.

He has worked in several microfinance banks.

He served as the Chief Credit & Operating Officer at AB Microfinance Bank Nigeria, as well as the Finance & Risk Director at Credo Bank (Georgia) and held senior positions in other network banks.

Mr. Mainhardt has a degree in Business Administration and is fluent in German, English and Russian.

Abayomi Ayodabo – Director

Abayomi Ayodabo is a Member of the AfDB and a Chartered Accountant of international repute, with a distinguished career in the development banking, finance and consulting industry of over 30 years.

He is the Division Manager of Loan Accounting at the African Development Bank, where he oversees the administration of the Bank’s loans, grants and guarantee portfolios of over USD$45billion.

He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Certified Public Accountant (CPA) of both the United States of America and Canada.

He holds an MBA Finance degree from the Ladoke Akintola University of Technology (LAUTECH). He is fluent in both English and French.

Oliver Van Bergeijk – Director

Oliver van Bergeijk, Member (KfW). Mr. van Bergeijk serves as a Vice President in the Credit Risk Management Department of KfW.

He is also a Board Member of ICF Debt Pool LLP. Previously, Mr. van Bergeijk worked as a Vice President in KfW’s Restructuring Department, Fund Manager in the KfW Carbon Fund and as an Investment Manager for KfW’s private equity and venture capital funds investments.

He holds a Master’s Degree in Economics, and is fluent in German and English.

Modupe Ladipo – Independent Director

Ms. Ladipo is a Financial Inclusion expert with over 25 years’ diverse experience in financial services.

She was the CEO of EFinA, the leading Nigerian financial sector development organisation, from its foundation in 2008, and became EfinA’s Board Chairperson in 2016.

Under Ms. Ladipo’s leadership, EFinA became a highly influential knowledge center for microfinance strategy and regulation, financial inclusion and non-interest finance. Ms. Ladipo has held management positions in commercial banking and strategy consulting in the United Kingdom.

Dr. Marc Lucassen

Dr. Lucassen is the Delegate of German Industry and Commerce in Nigeria and a Board Member of the Nigerian-German Chamber of Commerce.

In these functions, he provides support services for German businesses in Nigeria and supports the development of cooperation by Nigerian and German companies.

Dr. Lucassen has held top executive positions and worked as a business consultant in Europe, Middle East and Africa.

Klaus Miller

Klaus Mueller, Managing Director (AB Microfinance Bank). Mr. Mueller is the MD/CEO of AB Microfinance Bank Nigeria.

He has worked in the management of financial institutions in Germany and Eastern Europe, where he has served in senior roles in risk and general management of commercial banks.

Mr. Mueller holds an MBA degree and is fluent in German, English, Russian and Serbian.

AB Microfinance Bank Recruitment

The recruitment processes involved with AB Microfinance Bank is pretty easy and straightforward, as it comes with a few benefits.

As part of the institution’s values, it is offering a space that provides equal opportunities in recruitment and employment as it does not discriminate on any legal status or characteristics.

It offers a space to ambitious and hardworking and ambitious minds who are willing to take on the challenges of the microfinance terrain in Nigeria.

As per the involved processes, job openings are usually uploaded on the company’s website www.ab-mfbnigeria.com/careers. There, you get to fill a form which requires you to fill personal information like full name, Date of birth, residential address, qualification, certification, and an upload of your résumé. Yes it’s as easy as that.

Whatever you do, please know that a CV is not a résumé and it has to be tailored according to the job description.

We know our onions and it’s why you have to contact us here for a professionally cutout one.

AB Microfinance Bank Vacancies

Currently, they are recruiting to fill the positions of a Senior Service Desk Officer and an IT Service Desk Intern.

You would find links to these positions here and here, respectively.

AB Microfinance Bank Salary

As always, salary cutouts and structures are solely based on locations, job roles, job description and requirements, and even according to organizations standards.

According to our survey, the list below are average salary of an employee in AB microfinance Bank in relation to job title and roles.

  • Cashiers – N53,000 – N85,000
  • IT staffs – N100,000 – N300,000
  • Client Advisors – N90,000 – N250,000
  • Front Desk – N45,000 – N100,000
  • Internal Control – N75,000 – N200,000
  • Banking Officers- N100,000 – N300,000
  • Branch Manager – N208,000 – N1.7 million
  • Management staffs – Above 1 million

No doubt, AB Microfinance Bank is one of the highest paying Microfinance Bank in Nigeria.

AB Microfinance Bank Loan Processes

According to the published media information on the institution’s website, AB Microfinance Bank offers business owners of Small and Medium Size Enterprises the opportunity to access loan products in a quick, transparent and efficient way.

AB MfB also offers business owners with sizable offers. This means that the loan process and offers come in grades and sizes.

They include;

SME Loans

  • Loans from NGN3,000,001 to NGN20,000,000 for your existing business.
  • Competitive Interest Rate starting from 3.0% monthly on reducing balance.
  • Disbursement fee of 1.0% of the loan amount.
  • Maturity period from 6 to 24 months with equal monthly instalments.
  • Broad of collateral items accepted.
  • Upon submission of all required documents, loan disbursement within a week.

Micro Loans

  • No mandatory deposits/savings and no cash collateral required.
  •  No audited financial statements required.
  •  Flexible collateral arrangements depending on loan size (household goods, business equipment, goods in stock, vehicles, property etc.)
  •  Flexible documentation requirements.
  •  Long-standing clients with impeccable repayment records qualify for successive interest rate discounts and even faster loan processing.
  •  No borrower groups – you are responsible only for your own loan.
  •  Free SMS Reminder for your Monthly Repayments

Housing Loans

  • Housing loan without equity contribution or compulsory savings.
  • Free expertise including house design and bill of quantities.
  • Access to quality building materials and building materials retailers network.

AB Microfinance Bank Requirements

  • Applicant must be 21 or above
  • Applicant must be a Nigerian Resident
  • Applicant must be the owner of the business
  • Business must be in operating area.
  • Business must be a year old and above.

Frequently Asked Questions

When was AB Microfinance Bank founded?

AB Microfinance Bank Nigeria was established in 2008.

What is the USSD code for AB Microfinance Bank?

AB Microfinance Bank USSD for inter- Bank transfer is *389*755#

AB Microfinance Bank test format

AB Microfinance Bank comprises of basic mathematics and English objectives questions.

AB Microfinance Bank contact

Reach their customer care at 09024969778

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