About us
We’re on a mission to bank the unbanked
A leading Microfinance bank in Nigeria making life better for SME’s and MSME’s. We connect the underbanked and unbanked populace to financial tools to help their business.
Our Story
The vision for TF Microfinance Bank started with the Incorporation of Thinkfinance Services Limited on 6th December 2012. In 2015 the company was granted an approval in principle by The Central Bank of Nigeria for a Unit Microfinance Bank. On the 14th of March 2016 TF Microfinance Bank was incorporated with Corporate Affairs Commission Nigeria, and by March 27, 2017 it was granted a final license to operate as a Unit Microfinance Bank. Our aim is to render niche financial services that is focused on the underbanked and unbanked populace.
The pioneer, Efeurhobo Otaloghene, a graduate of Accounting from Obafemi Awolowo University and a Master degree holder in Finance and Investment from the University of Edinburgh, United Kingdom, had developed a passion to assist the unemployed graduates and micro-scale business owners in Nigeria. He came up with a business model during his National Youth Service Corps (NYSC) period in Benue State, Nigeria. The business model focused on mobilizing corps members who agreed to set aside a certain percentage of their monthly stipends in a common pool and have the funds disbursed as micro loans to micro-scale business owners in Benue State. This project was successful and metamorphosed into a Community Development Service (CDS) group which earned him a Commendation Letter from the State Coordinator of the NYSC.
The drive to build on this business model, make it a tool of solving unemployment problem and empowering the unbanked and underbanked in Nigeria was the reason he travelled abroad to broaden and deepen his business, financial and investment management knowledge and skills. This was what led to the incorporation and registration of TF Microfinance Bank
Licensed in
2017
Currently banked
16,000+
Customers
Over
1 Billion
Disbursed as Loans
Our Board of Directors
Adeagbo Babatunde Paul
Director
An experienced Chartered Accountant with over 14 years’ experience. An Associate member of the Institute of Chartered Accountants of Nigeria (ICAN) and the Chartered Institute of Taxation of Nigeria (CITN). Currently serve as Deputy Manager at Federal Inland Revenue Service of Nigeria (FIRS).
Godfrey Efeurhobo
Director
An experienced executive level professional with over 22 years’ experience in transformational leadership, stakeholder management, strategy, negotiation, business planning. Membership of the Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN), the Institute of Chartered Mediators and Conciliators (ICMC) and the Nigerian Bar Association (NBA).Currently serves as Group Chief Commercial Officer at Africell Group.
Adegbuyi Taiwo Kesington
Director
A Business manager with over 20 years’ experience in Relationship management in the banking industry. Currently serves as Head, Client Relationship management at Halogen Security's.
Alabson Martin
Director
A finance professional with 14 years extensive in Audit, Corporate Accounting and Tax Management. An Associate member of the Institute of Chartered Accountants of Nigeria (ICAN), the Chartered Institute of Taxation of Nigeria (CITN), the Association of Chartered Certified Accountant (ACCA) and the Institute of Internal Auditors (IIA). Currently serves as General Manager, Finance at Platform Petroleum.
Temitope Iyabo Ajayi
Director
A professional banker with over 18 years’ experience in corporate banking & customer service management. Currently serve as Assistant Manager at Ecobank.
