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“To Empower with Humility and Integrity with a superior service in A dynamic and passionate environment while delivering favorable returns to the stakeholders”.
To be a preferred and dominant household name in Microfinance Banks in Nigeria.
The Bank Commenced Bussiness on 1st of March, 2017 at No. 32, Sakonba Road Benin.
We are presently a unit Microfinance Bank but has continued to live up to its dream of becoming the "PREFERRED MICROFINANCE BANK IN NIGERIA" through its continued improvement in personalized service delivery and most importantly employing committed and trustworthy personnel to deliver excellent banking services.
F.A.S.T Microfinance Bank Limited is a unit Microfinace Bank incorporated 30th August 2016 as a
Limited Liability Company under the Company and Allied Matters Act 1990.
The Bank provides banking services to Farmers, Artisans, Savers and Traders, hence the acronym F.A.S.T.
The Bank Commenced Bussiness on 1st of March, 2017 at No. 32, Sakonba Road Benin having obtained a license to operate as a Unit Microfinance Bank on 23rd February 2017 from Central Bank of Nigeria. The authorized share capital of the bank at inception was N20,000,000.00 made up of 20,000,000 ordinary shares at N1.00 each.
In terms of our advantage the bank has a special account called “Special Target Savings” with an interest rate of 8% which is far above what other banks offer.
The bank has also grown in terms of customer’s patronage. Within this short length of time the bank has achieved great success in account opening. Presently the bank has over 5,000 accounts opened.
The bank started with 10 staff but has since then grown to 31 staff. These staff are seasoned bankers of immense experience in microfinance and conventional banking.
In the bit to achieve excellence the bank deployed one of the best microfinance banking software in West Africa. Also, the bank has through IT driven technology achieved interbank relationship with commercial banks. Giving customers easy access to their fund.
As a seasoned farmer and entrepreneur, I had the skills and technical know how to grow my farming business but needed capital to make my business lucrative. I was very skeptical when I initially found out about FASTFMB loans but decided to give it a try. To my greatest surprise, it turned out to be the best decision of my life. Thank you FastFMB. Now I can beat my chest and say I am a farmer.
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