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Licensed by CBN • NDIC Insured

Banking that grows
with every Nigerian.

Save smarter, borrow faster and run your business from your phone. Iwa Microfinance Bank brings modern, trustworthy banking to individuals and small businesses across Nigeria.

Open Account in 3 mins Calculate a Loan
10k+Customers
₦450M+Disbursed
1Branch
Nigerian couple using Iwa mobile banking
Loan approved₦250,000 · in 4 mins
Iwa TargetEarning 12.5% p.a.
Licensed by CBN
NDIC Insured
10,000+ Customers
4.8 App Rating
Digital Banking

Bank on your terms — anywhere in Nigeria

Mobile, web or USSD. Choose how you bank, we'll keep it fast and secure.

Mobile Banking

The Iwa app lets you transfer, pay bills, buy airtime, save and borrow — all with biometric login.

  • ✓Instant transfers to any bank
  • ✓Bill payments & airtime
  • ✓Cardless withdrawals
  • ✓Works on 2G

Internet Banking

A powerful web dashboard for SMEs — bulk payments, statements, approvals and multi-user access.

  • ✓Bulk payroll & vendor pay
  • ✓Multi-user approvals
  • ✓Downloadable statements
  • ✓API access

USSD *977#

Bank without data. Send money, buy airtime and check balance from any phone, anywhere.

  • ✓No internet needed
  • ✓Available 24/7
  • ✓PIN-protected
  • ✓Works on any phone
Savings

Grow your money with confidence

Interest-earning accounts designed for every stage of life.

Most popular

Iwa Save

Up to 10% p.a.

Everyday savings account with zero maintenance fee and instant access to your money.

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Goal-based

Iwa Target

12.5% p.a.

Lock funds toward a goal — school fees, rent, wedding — and earn premium interest.

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For kids

Iwa Junior

9% p.a.

A future-ready account for children 0–17, with guardian controls and birthday bonuses.

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High yield

Fixed Deposit

Up to 18% p.a.

Lock in a fixed rate for 30, 90, 180 or 365 days. Interest paid at maturity.

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Loans

Fast, fair credit for people and businesses

Transparent rates. No hidden fees. Approvals in minutes for qualifying customers.

Quick Cash

Emergency loan disbursed in under 5 minutes to verified customers.

Amount₦20k – ₦500k
Tenor1–6 months

SME Business Loan

Working capital and expansion funding for registered small businesses.

Amount₦500k – ₦20m
Tenor3–24 months

Asset Finance

Own a generator, laptop, motorcycle or appliance and spread payments.

Amount₦100k – ₦5m
Tenor6–36 months

Salary Advance

Get ahead of payday without collateral or paperwork.

AmountUp to 60% of salary
Tenor1–3 months

Education Loan

Fund tuition and educational materials with flexible repayment.

Amount₦100k – ₦3m
Tenor6–18 months

Agri Loan

Seasonal financing for farmers, aggregators and agri-processors.

Amount₦200k – ₦10m
Tenor6–18 months
Estimate your repayment
Loan Calculator

Know your repayment
before you apply.

Slide to see estimated monthly repayments across our loan products. Rates from 3.5% monthly, no hidden charges.

Open full calculator
Monthly repaymentEstimate at 3.5% flat monthly · subject to approval
Nigerian traders and small business owners
IMPACT₦40B+
disbursed to 120,000+ MSMEs
Financial Inclusion

Bringing banking to every corner of Nigeria.

Millions of Nigerians are underserved by traditional banks. We meet them where they are — in markets, farms and micro-enterprises — with agents, USSD and simple products in local languages.

  • ✓5,000+ agent locations
  • ✓Available in English, Yoruba, Igbo, Hausa
  • ✓Group savings for cooperatives
  • ✓Business coaching & literacy programs
Testimonials

Trusted by half a million Nigerians

Real stories from customers building better lives with Iwa MFB.

★★★★★

“I got my SME loan approved in 48 hours. Iwa MFB understood my business better than any bank I've walked into.”

A
Adaeze O.Fashion entrepreneur, Lagos
★★★★★

“The agri loan came right when I needed feed. Repayment aligned with my sales cycle. Beautiful.”

I
Ibrahim M.Poultry farmer, Kano
★★★★★

“Their mobile app is fast, clean and works even on 2G. I moved my savings here last year.”

C
Chika E.Software engineer, Abuja
FAQs

Questions?
We've got answers.

Can't find what you're looking for?

Talk to us
Yes. Iwa MFB is licensed and regulated by the Central Bank of Nigeria (CBN), and deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC).
Under 3 minutes with your BVN, NIN and a valid ID. Everything happens on your phone — no branch visit required.
Requirements vary by product. Generally: a BVN, valid ID, active account and (for SME) 3–6 months of business records. Salary earners need pay slips.
We use bank-grade encryption, biometric login, transaction PINs and 24/7 fraud monitoring. Your deposits are also NDIC insured.

Ready to bank the Iwa way?

Open an account in 3 minutes. All you need is your BVN, NIN and phone.

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