SoroMan Microfinance Bank

Loans

Flexible Loans

Soroman MicroFinance Bank Limited offers entrepreneurs the opportunity to easily access loans in a quick, transparent and efficient environment.

Savings

The products are designed for traders especially market women, artisans, cooperatives and other self- employed individuals.

Performance and Bid

The bond is a debt security, under which the issuer owes the holders a debt and (depending on the terms of the bond) is obliged to pay them interest (the coupon) or to repay the principal at a later date, termed the maturity date.

Welcome to Soroman MFB

Soroman MicroFinance Bank Limited

Soroman Microfinance Bank Limited is a national microfinance bank licensed by the Central Bank of Nigeria (CBN), with its head office in Bauchi - Bauchi State.

Soroman Microfinance Bank Limited is committed to its passion of helping to improve the business opportunities of entrepreneurs by availing them of easy access to affordable loans, as well as improve the general financial status of everyone with its deposit accounts. It is a limited liability company duly incorporated in Nigeria under the 2002 Companies and Allied Matters Act, and is regulated by the Central Bank of Nigeria as a fully-fledged microfinance bank.

"banking is not simply about profit, but about personal relationships."

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Services

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Products

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Quality Assurance

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Customer Care

Products

Advance Payment Guarantee

This is issued as a security against a payment being made upfront to the contractor by the procuring entity to facilitate mobilization activities for the contract awarded.

Performance Bond

A performance bond is issued to one party of a contract as a guarantee against the failure of the other party to meet obligations specified in the contract.

Bid Bond

A bid bond guarantees compensation to the bond owner if the bidder fails to begin a project.

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Services

Contract Financing

Contract financing is for companies that have been awarded a contract, however, do not have the funds to fulfill the contract.

Working Capital Enhancement

Working capital represents operating liquidity that is available in any business, organization, or government entity. Working capital is a part of the operating capital hence all the assets are a part of working capital.