Board Of Directors
Fortis Savings Account(FORSA)
Fortis Young Star Savings Account(FYSA)
Fortis Active Savings Account(FASA)
Fortis Executive Savings Account(FESA)
Fortis Individual Current Account
Fortis Corporative Account
Fortis Corporative Movement Account
Fortis Business Extral Account
Fortis Better Tomorrow Account
Fortis Loan Products
Fortis Mobile Money
Fortis Microfinance Bank Plc. is a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN) in 2007 and listed on the Nigerian Stock Exchange as the first private sector led Microfinance Bank in 2012. The Bank has the goal of meeting the high demand for microfinance banking services by providing flexible banking solutions to support the development of entrepreneurship and empowerment of the economically disadvantaged micro, small and medium scale enterprises (MSME) and individual.
Fortis provides a wide range of financial services to a substantial and diversified client base that includes low-end entrepreneurs, the under banked, cooperatives and high-net-worth individuals among others. Fortis runs a viable business model that provides access and financial empowerment to those at the base of the economic pyramid that constitute over 80% of the about 160 million Nigerians and also provide huge returns on investments. In August 2015, Central Bank of Nigeria granted Fortis Microfinance bank Plc the licence to operate nationally. This came only 3 years after the bank got listed on the floor of the Nigerian Stock Exchange, the first privately-owned microfinance bank to achieve this feat.
Fortis operates out of 16 strategically located branches with a carefully selected and growing workforce of ambitious, energetic and aggressive young men and women. The organization is determined to build a world class financial institution that will make a positive difference in the industry. Fortis Microfinance Bank currently has a growing customer base, made up of Micro, Small and Medium Enterprises (MSMEs), individuals and groups who have benefited from Fortis loans and other value added services. The Bank has replicated itself within Nasarawa, Niger, Abuja and Lagos environs.
As an institution constantly singled out for its customer-centric image, the bank went a step ahead of competition in February 2016 to become only the 1st microfinance bank in Nigeria to be CPP-certified. The Smart Campaign, an institution known for its credibility found the bank qualified after satisfying several stringent conditions following a rigorous examination process.
At Fortis all processes and structures are tilted towards customer amazement and satisfaction. Standardization and innovation are a major driving force in all the activities of the organization. In order to constantly lead its contemporaries in the industry, Fortis applied for and became the only MFB in West Africa with a Mobile Payment license granted by Central Bank of Nigeria. The Mobile Payment operation is currently run by an independent company, Fortis Mobile Money Limited. Also, the company initiated the only microfinance led training academy approved by the CBN to provide learning opportunities to Managing Directors and Executive Management of other Microfinance banks as a preparatory requirement to writing CBN |NDIC and CIBN certification examination for practitioners of Microfinance bank in Nigeria.
The Bank’s range of unique products include Fortis Executive Savings Account (FESA), Fortis Active Savers Account (FASA) Fortis Young Stars Account (FYSA), Fortis Business Xtra Account, Fortis High Yield Deposit Account, Fortis Microcredit, Fortis Empowerment Account, Fortis Cooperative Movement Account, Fortis Inventory Finance, Fortis Food Products, Mama Save Account among others. Fortis MFB has a robust loan/credit programme covering shop owners, contractors, schools, traders, farmers, salary earners, petty traders and a host of others. Our credit process has a turnaround time of 48 hours from application to disbursement with an effective monitoring and supervision of credits to ensure zero default.
The bank’s microcredit scheme is created to encourage the women who engage in petty trading and other economic regenerative activities to grow their businesses and eventually become economically independent. To achieve the objective of the scheme women are organized into small self-select groups (5 to 8) and are coached through a mentorship programme to determine their suitability for the microcredit. Members of beneficiary groups however, are jointly responsible for ensuring loan repayment, so they are required to give a cross guarantee/commitment for recovery of the loan.
As part of our contribution towards poverty reduction, wealth creation and promotion of entrepreneurship, we are engaged in strategic partnerships with relevant public agencies in Nigeria including the National Poverty Eradication Programme (NAPEP), Development Finance Department of Central Bank of Nigeria (CBN), National Youth Service Corps (NYSC), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Abuja Enterprise Agency (AEA) and the National Directorate of Employment (NDE). Through these relationships, we disburse credits, build capacity, promote entrepreneurship amongst, and individuals. We also provide Investment portfolio advisory services for workers and those intending to retire, on viable business opportunities and portfolio to guarantee wealth creation.
Fortis Microfinance Bank Plc. is led by an active Board made up of professionals with deep experience in a diverse range of sectors including banking, insurance, the public service and entrepreneurship; they infuse strong competencies to the management of the bank.
To be the dominant microfinance Brand
A dynamic microfinance bank driven by passion for excellent business and lifestyle solutions throught economic empowerment of its customers to attain transformed lives
To significantly increase access to financial and non financial services, with devotion to vulnerable, but economic active populace, particularly women, youth and people living disabilities
F - Flexibility
O - Openness
R - Responsiveness
T - Trust
I - Innovation
S - Sustainability
Who we are
Our primary objective is to always provide our numerous clients with a wide range of innovative business solutions, value-adding products and services that will meet and surpass their financial needs. We have a robust client portfolio that covers the following industries:
Oil and Gas support service companies
Printing, publishing, advertising and media
What we do
The Bank has a corporate microfinance banking base and strong service culture that have enabled it record consistent year on year growth in clientele base and key financial indices since its inception.
We provide a wide range of financial services to a substantial and diversified client base that includes low income earners and households, low-end entrepreneurs, the under banked, cooperatives and high-net-worth individuals among others.
We provide a viable business model that provides access and financial empowerment to those on the base of the economic pyramid that constitute over 80% of the about 164 million Nigerians and also provide appreciable returns on investments To provide credit to customers, especially small and medium enterprises, low income earners and ensure effective loans usage among beneficiaries. Render business advisory, managerial, marketing, technical and administrative support and non-bank financial services to our customers.
We encourage savings culture to ensure sustainability in businesses as a tool to poverty alleviation in Nigeria. Establish and carry out business as proprietors and promoters of microfinance banking services in Nigeria.
A dynamic Microfinance Bank driven by passion for excellent business and lifestyle solutions.
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