We'd love to hear from you.

Microfinance is the provision of financial services to low-income people. It refers to a movement that envisions a world where low-income households have permanent access to high-quality and affordable financial services to finance income-producing activities, build assets, stabilize consumption, and protect against risks. Initially the term was closely associated with microcredit—very small loans to unsalaried borrowers with little or no collateral—but the term has since evolved to include a range of financial products, such as savings, insurance, payments, and remittances.

Microfinance institutions and other financial service providers have worked over the past decades to develop products and delivery methods to meet the diverse financial needs of low-income people. For example, unlike other forms of lending, microcredit loans use methodologies such as group lending and liability, pre-loan savings requirements, and the gradually increase in loan sizes to evaluate clients' credit worthiness. Microfinance providers today continue to improve their understanding of the financial needs of their target clients and tailor their products and methodologies accordingly.

Financial inclusion means that individuals and businesses have access to useful and affordable financial products and services that meet their needs – transactions, payments, savings, credit and insurance – delivered in a responsible and sustainable way. It has been identified as an enabler for 7 of the 17 Sustainable Development Goals.

At First Lowland Microfinance Bank, we are committed to promoting financial inclusion by bringing banking services to rural communities, smallholder farmers, and micro-entrepreneurs who have traditionally been excluded from the formal financial system.

Yes, there are age requirements for different account types:

• Children's/Education Fund Account: For children under 18 years, opened and operated by parents/guardians
• Savings Account: 18 years and above with valid means of identification
• Current Account: 18 years and above with valid means of identification
• Target Savings: 18 years and above

For minors, accounts must be operated jointly with a parent or legal guardian.

If you have additional questions not covered here, please don't hesitate to contact us:

• Call our customer service: 08138668342, 08065540092, 07037773516
• Email: info@firstlowlandmfb.com
• Visit our head office: 10 Sabon-Gida Road, Mabudi, Langtang South, Plateau State

Our customer service team is available Monday-Friday, 10 AM – 5 PM.