TF MICROFINANCE BANK

The vision for TF Microfinance Bank started with the Incorporation of Thinkfinance Services Limited on 6th December 2012. In 2015 the company was granted 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 a fully paid authorized share capital of twenty million Naira. It aims at rendering robust financial services focused on the underbanked and unbanked populace. The pioneer, Efeurhobo Otaloghene, a graduate of Accounting from Obafemi Awolowo University and a Masters 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 devised 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 stipe...