About us

BACKGROUND

The Association of Non-Bank Microfinance Institution of Nigeria (ANMFIN) is a Network of independent microfinance institutions in Nigeria, an Initiative led by The Central Bank of Nigeria in collaboration with the IFAD-funded Rural Finance Institutions Programmed of Nigeria (RUFIN), and other Development Partners to create and strengthen a sustainable microfinance network for the purpose of promoting rural finance, financial inclusion and poverty reduction/eradication in Nigeria.

Birthed into being through the ‘Micro-finance Policy Framework of Nigeria’ (2005) during the regime of fmr President, FRN, H.E Olusegun Obasanjo, ANMFIN was the initiative of the Central Bank of Nigeria (CBN) in collaboration with International Fund for Agricultural Development (IFAD). 

Created in October 2010, ANMFIN with the support of CBN, RUFIN and other Development Partners has developed a resourceful network of over 10,000 registered Microfinance Institutions (MFIs) with about 2,900 active member MFIs and over 15 million head count (individual) members and still counting; enabling the disbursement of micro loans and grants to core rural micro business enterprises and farmers comprising of Women and Youths.

In a market economy, the financial system is the central nerve system which distributes resources to end users. ANMFIN’s role as a rural finance midwife of the Nigerian financial system has formally been recognized by major stakeholders in sustaining the non-Bank rural finance system.

ANMFIN has a National, and State Offices spread across the 36 States of the Federation including the FCT- Abuja with an aggregate clientele base of about 15 million grouped into over 10,000 organizations made up of Financial Cooperatives, NGO-MFIs, and Community Based Organizations involved in financial, agricultural and other micro economic services delivery.

In accordance with the National Microfinance Policy and Regulatory Framework, The Association is responsible for the promotion of Self-regulation, uniform standards, transparency and good corporate practice among its members. ANMFIN is mandated to “stimulate innovative and sustainable microfinance best practices, influence policy direction of government, and assist in capacity building and empowerment of microfinance operators and MSMEs in Nigeria.

Currently, ANMFIN is focusing on five broad thematic areas: Advocacy and Networking; Self-Regulation; Training and Capacity Building; Financial Linkage and Intermediation, and adopting the use of core banking micro finance software and technology in promoting savings culture, loan administration and collections, and credit rating through ANMFIN Cloud.

➢  Member of National & International Networks, Boards, Bodies & Committees.

➢  Over 10,000 affiliated member MFIs but currently about 2,900 active member MFIs (made up of Financial Cooperatives, NGO- MFIs, and Community Based Organizations) involved in financial services and other economic activities.

➢  8.2 million Total Active Savers with Members

➢  4.7 million Total Number of Female Clients

➢  3.5 million Total Number of Male Clients

➢  36 State Chapters/Offices and FCT- Abuja

➢  Over N18.7 billion Total Loans Disbursed by Members to Clients