Baobab Microfinance Bank is a prominent microfinance bank in Nigeria with branches located across the country. This microfinance bank offers several services that individuals, business owners, and organizations can enjoy. Baobab Savings, Taka Loan, and Baobab Loans are the different services of Baobab Microfinance Bank that are available to Nigerians. We’ll be providing you with the addresses of this bank’s branches in major cities in Nigeria. Also, we’d discuss the different products and services offered by Baobab Microfinance Bank.
Baobab Microfinance Bank branches in Nigeria would be listed below:
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Abeokuta
Address: Budny Place, Kemta Oloko Itoku Market, Abeokuta Ogun State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Ajah (HQ-Annexe)
Address:Roxyz Plaza Km 20 Lekki-Epe Expressway, Ilaje Bus-stop, Ajah, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Alaba
Address: No. 130 Olojo Drive, Alaba International Market Road, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Bodija
Address: Plot 25b, Bodija Mini Shopping Centre, Bodija Market, Ibadan, Oyo State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Broad Street
Address: No. 95, Broad Street, Lagos Island, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Central
Address: No. 16E Ahmadu Bello Way, CB Finance House, Kaduna State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Dugbe
Address: Baptist Building, Obafemi Awolowo Rd, Oke-Bola, Dugbe, Ibadan Oyo State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Egbeda
Address: No. 65, Egbeda-Idimu Road Beside Primal Tech Plaza, Egbeda, Alimosho, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Garki
Address: No. 38 Ladoke Akintola Boulevard Garki II, Abuja, Federal Capital Territory
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Ikeja
Address: Plot 114, Obafemi Awolowo Road, Ikeja, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Ikorodu
Address: No. 41, Lagos Road, Benson Bus-stop, Ikorodu, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Ikotun
Address: Nos. 142/144 Ikotun-Egbe Road Cele Bus-stop, Ikotun, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Kachia
Address: No. 7A, Kachia Road, Kaduna, Kaduna State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Kafanchan
Address: No. 9, Kagoro Road, Kafanchan, Kaduna State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Kawo
Address: Ra 2, Zaria Road, Hayin Banki, Kawo, Kaduna State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Kwara
Address: Opposite ECWA Chapel, Challenge Roundabout, Ilorin, Kwara State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Mushin
Address: No. 21, Palm Avenue, Mushin, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Nyanyan
Address: Mararaba Guruku, New Karu LGA, Nasarawa State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Sango-Ota
Address: No. 20A, Idiroko Road, Sango Ota, Ogun State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Trade Fair
Address: Block A, Opposite Balogun Gate, BBA Market, Trade Fair, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Tudun Wada
Address: No. 2 Poly Road,Tudun Wada, Kaduna State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Wuse
Address: Plot 2135 Herbert Macaulay Way, Wuse Zone 5, Abuja, Federal Capital Territory
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Yaba
Address: Plot 314, Herbert Macaulay Way, Sabo, Yaba, Lagos State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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Zaria
Address: No. 3 Main Street, near Pz, Zaria, Kaduna State
Phone Number: 07000226222
Email ID:customercareng@baobabgroup.com
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What are the Products and Services Offered by Baobab Microfinance Bank?
Baobab Microfinance Bank helps individuals, business owners, and corporations with savings and loans. The savings service is Baobab Savings while the loan services include Taka loans and Baobab loans. Let’s discuss each of these offerings so you’d see which fits your unique needs.
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Baobab Savings
The Baobab Savings package is open to every Nigerian of at least 18 years. With the interest rates on your savings capable of reaching a hundred percent (depending on duration, of course) and zero maintenance fee, you may want to consider Baobab Microfinance Bank for your saving goals.
There are three saving products available for interested Nigerians to pick from, based on their unique needs. One is the Ajo Savings Account which permits saving for 3 or 6 months, with an interest rate of between 6% and 100%, depending on the duration.
The Fixed Deposit Account, the second saving option, allows you to save a fixed amount for a minimum of 30 days and a maximum of 360 days. In this case, the interest rate is dependent on the amount you save and how long it remains in the Fixed Deposit Account. The interest rate here is negotiable, however.
The third saving product is the Savings Plan. In this plan, you can save a minimum I N5000 for a minimum of 6 months and a maximum of three years. The interest rate here is 10%.
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Taka Loan
If you require an urgent loan to sort out a pressing need, Baobab Microfinance Bank’s Taka loan may be what you need. Just go to any of the branches we’ve mentioned in this article, and once you’ve been given the go-ahead, you’d be able to receive up to N150,000. It takes two weeks to a month to get the Taka loan.
All Takaloans must be paid within a month of receiving the loan. If you can pay back the loan in under 15 days, you’d be eligible to apply for a Taka loan for a higher amount. On the flip side of things, failing to pay back your loan after a month will make you ineligible to apply for a Taka loan in the future.
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Baobab Loans
Baobab Microfinance Bank offers business owners a wide variety of loan options, be they small-scale traders or more established businessmen. Depending on the loan package, you as a businessman (or woman can facilitate a loan from N50,000 up to N50,000,000. And the duration to pay back the loan fall between 6 months to 24 months, depending on the loan product you applied for and got. Available Baobab Microfinance Bank’s loans include Mini loans, Microloans, Micro+ loans, SME loans, Cross and Group guarantees, Asset Finance, and Hybrid Green Loan.