Standard Microfinance Bank Limited was set up as a Community Bank (Jimeta Community Bank) in 1992 by a group of socially conscious individuals in the Town of Jimeta in North Eastern Nigeria. It became a Microfinance Bank in 2007 and was named Standard Micro Finance Bank (SMFB). In these 24 years, we have changed thousands of lives through financial inclusion and other activities. SMFB is owned by the people of Jimeta. It is regulated by the Central Bank of Nigeria and deposits are insured by Nigeria Deposit Insurance Corporation (NDIC). In 2012 we were awarded a state MFB license that enables us to operate all over the State of Adamawa. We have 13 offices spread over 15 Local Government Areas of the State.
About Us
STANDARD BUSINESS LOAN
STANDARD BUSINESS LOAN
Ideal for small and micro entrepreneurs who wish to expand their business. Different tenor on offer
STANDARD ADASHE LOAN
STANDARD ADASHE LOAN
Modelled on the Susu/Adashe traditional savings model popular in West Africa. Small daily/weekly contributions lead to accumulation of savings.This amount is leveraged to obtain a loan
CROP LOAN
CROP LOAN
Loans for small holder farmers.We finance diverse crops like yam,rice, groundnut, maize,cassava,pepper etc.Loans are linked to the crop cycle.
STANDARD BUSINESS LOAN
STANDARD BUSINESS LOAN
Ideal for small and micro entrepreneurs who wish to expand their business. Different tenor on offer
SALARY LOAN
SALARY LOAN
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STANDARD FAIRDEAL FACILITY
STANDARD FAIRDEAL FACILITY
Mist includes unlimited features, drag & Drop editor,intuitive option panel and more . If you go with Mist it’s dead simple to create a powerful, professional website without any coding knowledge.
FATTENING LOAN
FATTENING LOAN
Mist theme done by experienced professionals to each and every functionalities well commented all clean. So everyone can easily understand and edit the code if they need any deep customization.
SALARY LOAN
SALARY LOAN
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Services
FINANCIAL SERVICES
Standard Pay
Standard Cash
Cheque Clearing Services
NON FINANCIAL SERVICES
Financial Literacy and Entrepreneurship Development
SMFB has realized that financial education is the catalyst for developing the under privileged. Effects of financial inclusion are optimised through financial education. Every micro borrower goes through a structured financial education and entrepreneurship development programme, which is free.