HISTORY

CORPORATE PHILOSOPHY
Ultimate Microfinance Bank Ltd (formerly Ipaja Community Bank Nigeria Limited) is a forward-looking microfinance bank founded on June 18, 1993 in Nigeria under Companies and Allied Matters Act as a private limited liabilities company and commenced microfinance banking operations having been licensed by the Central Bank of Nigeria as microfinance bank in the year 2008, headquartered in Ipaja, Lagos, Nigeria, is a premier microfinance institution dedicated to driving financial inclusion and economic empowerment in the region. The bank focuses on delivering tailored financial solutions to micro, small, and medium-sized enterprises (MSMEs), individual entrepreneurs, and low-income earners in the region. With a strong commitment to fostering financial inclusion, Ultimate Microfinance Bank aims to empower its clients through innovative financial services and comprehensive support.

It is set up to provide a broad range of financial services such as savings, loans, payment services, money transfers to low-income persons, households and micro-enterprises. The bank is currently run by highly experienced staff with vast experience in banking, management, business consulting and investment. Presently, we have over 21,000 customers out of which over 1,000 are the active borrowers. A breakdown of these borrowers shows a wide gender spread skewed in favour of women.

The bank focuses on the un-banked and middle-class part of the Nigerian economy and is ready to convert this into the formal sector and viable businesses. It currently has a total running portfolio of over N300 Million. Our banking and financial services are tailored to suit and help our customers to develop and grow their businesses, meet their needs and enable them save towards a brighter and more rewarding future.

Since its transformation to microfinance Bank in 2008, the bank has disbursed over N10 billion in loans, significantly impacting the lives of individuals and businesses by providing them with the financial resources they need to grow and succeed.

MISSION
To be a leading microfinance institution providing quality risk assets to economically active low-income earners, low-income households, the un-banked and under-served people which will drive socio-economic development of our chosen clients through creative products in key economic centers of Nigeria and increase shareholders value. .

VISION
To be a creative and innovative financial institution committed to improving the quality of life of our chosen clients by providing excellent financial services for the attainment of their individual and business potential for rapid socio-economic development.”

OUR APPROACH
Let’s start from the beginning, every business and individual is unique, but they all have one thing in common. ✧ If you own a business, we want to know everything. ✧ Where you started from. Where you are. Where you want to go next. What you value. Who your customers are and why they care about you. The only way to solve a problem is to understand it from every angle. Luckily, we’ve got a proven process to quench our insatiable curiosity.

IMPACT
Ultimate Microfinance Bank has made a substantial impact in promoting financial inclusion and economic development in Ipaja and surrounding areas. With over N7 billion disbursed in loans, the bank has supported over 20,000 clients, helping small businesses thrive and enabling individuals to improve their economic situations.

CORE VALUES
Represented by the acronym TRUST
Transparency
To our customers
To our Employees
To our Shareholders
Resilience
Leadership
Authority
Unique
Creative
Commitment
Sustainability
Prudence
Profitability
Teamwork
Ambitious
Attitude

CORPORATE SOCIAL RESPONSIBILITY (CSR)
Ultimate Microfinance Bank is committed to contributing positively to the community. The bank’s CSR initiatives include educational scholarships, health outreach programs, and environmental sustainability projects aimed at enhancing the quality of life for residents in Ipaja and beyond.

LEADERSHIP
The bank is managed by a team of seasoned professionals with extensive experience in the microfinance sector. The leadership team is committed to driving the bank’s mission and vision through strategic planning, innovative solutions, and a customer-focused approach. The leadership is divided into two (2) parts: Board Of Directors & Management Team