Established in 2007, Accion Microfinance Bank has a mission, "To economically empower micro-entrepreneurs and low-income earners by providing financial services in a sustainable, ethical and profitable manner.” The bank has an extensive branch network where customers have easy access to various products and services that include savings, loans, micro-insurance and e-commerce.
Accion Microfinance Bank has solid shareholder investments from three major banks - Ecobank, Zenith Bank and Citi Bank - as well as International Finance Corporation, a subsidiary of the World Bank and Accion Investments - all of which contributes to its strong financial base and allows it to service an ever-increasing number of customers. The bank’s corporate citizenship focuses on education, in which donations of educational materials and supplies are made to pupils of public primary schools.
Accion Microfinance Bank has won the Lagos State Enterprise (LEAD) award for Best Microfinance Bank in Lagos State multiple times, and the LEAD Centenary MFB of the Year, for its impact on socio-economic development, its contributions to sustainable development, and its commitment to financial inclusion in Nigeria.
Pros: Impressive compensation provided you meet their target.
You can earn double the salary. You get promoted easily and based on merit
They have a strong structure and they are the 3rd best and the most digital microfinance bank in Nigeria
Extremely competitive products and services
Whether you meet their set target or not, you still earn your basic salary
Cons: Low job security
Their targets are too high and there are many parameters to meet to earn your double salary incentive. Failure to meet even one can greatly reduce chances of earning that incentive
Their network can be extremely bad at times
Sometimes there is no conducive environment to work e.g poor network and you must meet the target inspite of that.
They can withhold salaries if you don't meet your monthly target