About Us

Background
Who We Are

Covenant Microfinance Bank (Covenant MFB) is a forward-thinking financial institution established in 2003, dedicated to providing accessible, innovative, and customer-centric banking solutions. We serve individuals, entrepreneurs, small businesses, and organizations with a strong focus on financial inclusion, digital empowerment, and community development.

With a wide range of services including mobile and internet banking, USSD banking, loans and savings products, debit cards, and POS/ATM services, Covenant MFB bridges the gap between traditional banking and modern financial needs.

Rooted in excellence and guided by integrity, we are committed to helping our customers grow, thrive, and achieve lasting financial success.

Our Vision

To be the leading Microfinance Bank in the business of transforming ordinary individuals and micro-enterprises into wealth creators.

Our Mission
  • To meet the developmental needs of the community
  • To intellectually promote creativity
  • To serve as an instrument of wealth creation.
Core Values
  • A – Accountability
  • S – Spirituality
  • T – Transparency
  • R – Responsibility
  • I – Integrity
  • D – Diligence
• Covenant MFB In Numbers

Our numbers tell the story. From lives impacted to transactions processed, these figures reflect our commitment to trust, growth and every service

Clients
Group
Clients
Clients
Our History

Discover Covenant MFB's rich history of growth, innovation, and community-focused banking since its founding.

Covenant Microfinance Bank was incorporated on May 6, 2003, as a private limited liability company and commenced operations on March 15, 2004, under the name Covenant University Community Bank Limited (CUCB Ltd.). In response to regulatory reforms, it was converted into a microfinance bank in January 2008, in line with the Central Bank of Nigeria's directive.

By December 2012, the bank had met the ₦100 million capital requirement and was licensed to operate as a State Microfinance Bank. Continuing its leadership in digital banking, Covenant MFB became one of the first MFBs in 2014 to generate 10-digit NUBAN account numbers for its customers. That same year, the bank was successfully integrated with Nigeria Central Switch (NCS) and gained access to the NIBSS Instant Payment (NIP) service, InterSwitch ATM Network, PayDirect, and QuickTeller platforms.

With over two decades of service, Covenant Microfinance Bank has grown into one of Ogun State's leading microfinance institutions, combining innovation, trust, and financial empowerment to serve individuals and businesses alike.

Picture of CMFB Main Entrance
Timeline

Explore key milestones that shaped Covenant MFB's journey, highlighting growth, innovation, and community impact over the years.

A vertical timeline of Covenant MFB's history.
• Testimonials

Hear what our customers are saying about their experience — real stories of trust, growth, and satisfaction with Covenant MFB.

“I joined Covenant Microfinance Bank Ltd just three months ago, and their support has been remarkable. Their assistance has boosted my purchasing power, and my business is now thriving. Despite the challenges caused by the economic downturn, their backing has helped my business bounce back to its former strength. I encourage others to partner with Covenant Microfinance Bank Ltd, because they truly stand by businesses.”

Lawal Kazeem, Principal Owner, Shokaz Stores Venture

“I bank with Covenant Microfinance Bank Ltd, Sango Branch. When I first walked in as a new customer to make inquiries, I was treated with so much warmth and professionalism. Back then, my business was still small, but since partnering with them, it has expanded significantly. Today, both my business and I have grown. I am grateful, and I pray for continued blessings.”

Mrs. Atinuke Global ISK Limited

“Since joining Covenant Microfinance Bank Ltd, even though I also bank with other conventional banks, their services have been nothing short of fantastic. They make banking so much easier. Personally, I dislike going to banks, but with Covenant Microfinance Bank Ltd, they handle most of the processes for me, I only need to do the necessary signing. It’s stress-free.”

Adekoya Olugbenga Camavoc Global Services

Your bank in your pocket

Manage your money on the go with the Covenant MFB mobile app. Transfer funds, pay bills, check balances, and request loans — all from your phone, anytime, anywhere. Fast. Secure. Easy.

Cash and payments, anywhere.

Offer quick payments with POS and ATM services from Covenant MFB — built to support your business and community.

Your Bank is One Code Away

With *566*44#, your account is always within reach — fast, secure banking from any mobile phone.

www.covenantmfb.com.ng

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