# Kayvee Microfinance Bank

> Savings | Loans | Investments


## Posts

- [KayVee MFB Records 501% Profit Growth in 2024](https://kayveemfb.com.ng/kayvee-microfinance-bank-reports-over-500-surge-in-profit-before-tax-to-%e2%82%a6371-million/blog/): Kayvee Microfinance Bank Limited is proud to announce its financial results for the full year ended December 31, 2024, reflecting an outstanding performance across all critical areas of our business. The year marks a significant milestone in our journey, with key financial indicators demonstrating remarkable growth that affirms the strength of our operational model, governance, and strategic initiatives. Our Profit Before Tax (PBT) surged by an extraordinary 501%, rising to ₦371 million compared to ₦62 million in 2023. Equally impressive is our Profit After Tax (PAT), which climbed by 556% to ₦228 million from ₦41 million in the prior year.
- [KayVee MFB Honoured at Excel Africa 2024](https://kayveemfb.com.ng/kayvee-mfb-honoured-at-excel-africa-2024/finance/): KayVee Microfinance Bank, on the 30th of September, 2024 received one of the continent’s highest recognitions in financial services at the Excel Africa Awards, hosted under the prestigious common seal of the African Leadership Review Hall of Fame. At this elite gathering, KayVee MFB was honoured with the Financial Services Leadership Personality of the Year (Institutional Excellence) award—an achievement that reflects our relentless pursuit of innovation, customer empowerment, and inclusive finance in Nigeria. This accolade also recognised the exceptional leadership of our Managing Director, Ogunnaike Olatoun, whose strategic direction has redefined what responsible, human-first banking can look like in today’s
- [What Nigerian Salary Earners Really Want from Their Bank](https://kayveemfb.com.ng/what-nigerian-salary-earners-really-want-from-their-bank/blog/): For the average Nigerian salary earner, banking is more than just an account number and a debit card. It is about trust, reliability, ease, and being genuinely understood. In a country where every naira counts and unexpected bills can show up without warning, salary earners want their banks to go beyond transactions and deliver meaningful support. They want banks to offer convenience without stress, solutions without surprises, and tools that make managing money less overwhelming. This article explores what salary earners in Nigeria really want from their banks today. From stress-free salary loans to 24/7 mobile banking, we will explore
- [Banking from Your Phone Is Not a Luxury—It Is a Necessity](https://kayveemfb.com.ng/banking-from-your-phone-is-not-a-luxury-it-is-a-necessity/banking/): A Change That Is Not Going Away The way we manage money has evolved—and it is not going back. There was a time when banking involved long queues, physical ledgers, and strict branch hours. Today, with the fast pace of life and growing digital awareness, banking from your phone has become more than just an option. It is a daily necessity. In Nigeria, where agility is key and access can determine progress, mobile banking has stepped in to close long-standing financial gaps. It empowers everyone—from the roadside trader in Ibadan to the young professional in Abuja. At KayVee Microfinance Bank,

## Pages

- [Loans](https://kayveemfb.com.ng/loans/): Loans Featured Loans Micro Loan SME Loan Salary Advance Educational Loan Sparkle Loan See Also Fixed Deposit Accounts Current Accounts Savings Accounts
- [Press](https://kayveemfb.com.ng/media/press/): Press
- [Gallery](https://kayveemfb.com.ng/media/gallery/): Gallery Our Gallery KayVee MFB in Images​ Step into a visual narrative of our milestones, events, and the vibrant community that shapes KayVee Microfinance Bank. Our gallery is a reflection of the moments that define our journey—a journey we share with you. Load More End of Content.
- [Media](https://kayveemfb.com.ng/media/): Media Featured Media Resources Blog Gallery Press See Also Careers Legal Loans
- [Sparkle Loan](https://kayveemfb.com.ng/loans/sparkle-loan/): Sparkle Loan Account Information Description Features Requirements This is a financial solution for Small and Medium businesses. Specially for business owners entrepreneurs. Short term financial solution (1 month). Streamlined and straightforward application process for quick access to funds. Competitive and transparent interest rates. Dedicated customer support to assist throughout the loan application process as well as ongoing support after application. Valid ID. Loan application form. Guarantor. Collateral. FAQs Who is eligible for this loan? This is a short term financial solution for business owners and entrepreneurs. How can I access this loan? Download the loan application form, fill it out,
- [Educational Loan](https://kayveemfb.com.ng/loans/educational-loan/): Educational Loan Account Information Description Features Requirements A financial solution designed to support educational aspirations. Awesome interest rates  Flexible repayment plan Streamlined and straightforward application process for quick access to funds. Valid ID. Loan application form. Educational certificates. Evidence of educational need. Reference. FAQs Who is eligible for this loan? Those eligible are students. How can I access this loan? Download the loan application form, fill it out, and visit our branch to provide all the required documents to access the loan. How long does it take to receive this loan? It takes less than 24 hours once all requirements
- [Careers](https://kayveemfb.com.ng/about-us-3/careers-2/): Careers Careers at KayVee MFB Build More Than a Career. Build a Future That Matters. At our bank, we are not just building banking products—we are building people. Our strength lies in the quality of our team: passionate, principled professionals who believe in doing honest work, delivering real value, and making finance more human. Whether you are starting your career or looking to take the next bold step, KayVee is a place where your work counts, your ideas matter, and your growth is non-negotiable. employees without regret Why Work With Us? Purpose-Led Culture We are solving real problems for real
- [Our Brand](https://kayveemfb.com.ng/about-us-3/our-brand/): Our Brand Banking with Heart. Built for Nigeria. KayVee Microfinance Bank is more than just a financial institution—we are a brand shaped by purpose, driven by people, and built for the Nigerians. We were founded with one clear mission: to fill the gap left by traditional banks and offer real financial support to real people—small business owners, market women, salary earners, side-hustlers, and everyone in between. Our brand is defined by the trust we build, the solutions we deliver, and the lives we help move forward. What We Stand For Clarity, Credibility & Community. Everything we do is guided by
- [Leadership](https://kayveemfb.com.ng/about-us-3/leadership/): Our Leadership Guided by Experience. Driven by Purpose. Focused on You. The Financial Cornerstone for Nigeria’s Ambitious Enterprises At KayVee Microfinance Bank, leadership is about service, vision, and results. Our management team brings together decades of expertise across banking, technology, risk management, and entrepreneurship, united by one goal: to make finance work better for everyday Nigerians and growing businesses. Meet the People Steering Our Vision Our Outstanding Leadership Olatoun Ogunnaike Managing Director Olorunfemi Olusanya Head, Human Resource Osarugue Omo-Idehen Chief Financial Officer Dosunmu Lateef Head, Risk Management Oluwasegun Fayenuwo Head, Internal Audit Jerry Briggs Head, Legal & Compliance Seun Olu-Jordan
- [Our History](https://kayveemfb.com.ng/about-us-3/our-history/): Our History From Modest Beginnings to a Digital Force in Nigerian Microfinance Every business has a story. Ours is rooted in resilience, vision, and a genuine desire to serve people often overlooked by mainstream banks. KayVee Microfinance Bank was not always where it is today. In fact, just a few years ago, we were a small institution with limited reach. But what we had was potential—and a strong belief that banking could be different, better, and more relevant for hardworking Nigerians. In April 2022, a new chapter began. Bay Holdings took ownership of KayVee MFB, not just to inject capital,
- [Fixed Deposit](https://kayveemfb.com.ng/fixed-deposit-2/): Fixed Deposit Account Information Description Features Requirements This is a secure and rewarding way to invest your savings. With unrivalled interest rates and guaranteed returns on investment, this account helps to build sustainable wealth. Competitive interest rate. Digitalized mobile banking. Easy access via mobile App/branch or customer’s written instruction. Account opening form. Valid I.D Utility bills. FAQs Who is eligible to open this account? This is for individuals above 18 years of age who can satisfy all requirements. How can I open this account? You can download the account opening form, fill it out, and visit our branch to open your
- [Current Accounts](https://kayveemfb.com.ng/current-accounts/): Current Accounts Featured Current Accounts Individual Current Account Corporate Current Account See Also SME Loan Micro Loan Savings Accounts
- [Savings](https://kayveemfb.com.ng/savings/): Savings Accounts Featured Savings Accounts Individual Savings Account Savings Delight Account Target Savings Account Kiddies Savings Account See Also Fixed Deposit Accounts Current Accounts Loans
- [Cookies Policy](https://kayveemfb.com.ng/about-us-3/legal-2/cookies-policy/): Cookies Policy Overview Cookies play a crucial role in enhancing your online experience. They are small files placed on your computer’s hard drive, serving various functions such as storing login and session statuses, recording user preferences, and analyzing web traffic. These tools enable websites and applications to better understand your preferences, likes, and dislikes, ultimately enhancing your overall interaction with the site. Cookies also allow websites to identify when users are logged in, track return visits, test new content, and analyze web traffic using data analytics. It’s important to note that, aside from the information you choose to share with
- [Privacy Policy](https://kayveemfb.com.ng/about-us-3/legal-2/privacy-policy-2/): Privacy Policy Overview Welcome to KayVee Microfinance Bank’s Privacy Policy, outlining how we handle and protect your personal information. As a responsible financial institution, we are committed to complying with data protection regulations and ensuring the security of your data. Lawful Reasons for Collecting Personal Data by KayVee Microfinance Bank: The Consent of the Data Subject. Offer of Microfinance and allied services to the Data Subject. Offer of employment to the Data Subject. Performance of Contract. Compliance with Legal obligation. Necessary to protect the vital interests of a person in line with Data Privacy regulations. Necessary for the performance of
- [Terms of Use](https://kayveemfb.com.ng/about-us-3/legal-2/terms-of-use/): Terms of Use Overview The contents of this website, encompassing audio, video, graphics, images, textual materials, downloadable files, PDFs, Microsoft Word, etc., are protected by international copyright law. All these materials are the intellectual property of KayVee Microfinance Bank (KayVee), and their use for commercial purposes requires the prior written consent of KayVee Microfinance Bank. By accessing and using the Service, you acknowledge that the Service and associated software contain proprietary and confidential information protected by intellectual property laws. Sponsored advertisements or information presented through the Service are also protected by copyrights, trademarks, service marks, patents, or other proprietary rights.
- [Terms and Conditions](https://kayveemfb.com.ng/about-us-3/legal-2/terms-and-conditions/): Terms and Conditions An informed customer is an empowered customer. Our Terms and Conditions are designed to empower you with the knowledge and confidence to navigate your financial experience with clarity and peace of mind. By accessing this website and any of its pages, you are agreeing to these Terms. Overview Welcome to the KayVee Microfinance Bank website! Your use of this site is governed by the following Terms and Conditions. By accessing our website and its pages, you agree to abide by these terms, which may be subject to periodic updates without prior notice. Use of Information and Materials:
- [Legal](https://kayveemfb.com.ng/about-us-3/legal-2/): Legal Legal Information Terms and Conditions Understand your rights and responsibilities as our client. Our Terms and Conditions We believe in clarity. Here’s everything you need to know about using our services, from account requirements to transaction rules. Privacy Policy We keep your personal information secure — always. Your Privacy, Protected See how we collect, store, and protect your personal information to keep your trust intact. Terms of Use Your guide to accessing our digital services responsibly. Using Our Platform Learn how to engage with our online tools securely and in compliance with our usage guidelines. Cookies Policy Understand how
- [Fixed Deposit](https://kayveemfb.com.ng/fixed-deposit/): Fixed Deposit Who We Are The Financial Cornerstone for Nigeria’s Ambitious Enterprises KayVee Microfinance Bank was established with a singular vision: to address the distinct financial challenges faced by Nigerian small and medium enterprises through personalized banking solutions. As a dedicated financial institution serving the Nigerian business ecosystem, we combine deep industry expertise with innovative approaches to deliver banking services that traditional institutions have consistently overlooked. Our leadership team brings decades of collective experience across financial services, with particular focus on SME financing, digital banking solutions, and regulatory compliance. What distinguishes KayVee Microfinance Bank is our commitment to relationship-based banking.
- [Corporate Current](https://kayveemfb.com.ng/current-accounts/corporate-current/): Corporate Current Account Account Information Description Features Requirements An account designed to help meet the diverse financial needs of businesses. Be it a startup or an established enterprise, this account provides a comprehensive solution for managing companies’ finances efficiently. Digitalized mobile banking. USSD banking. Designated multiple signatories for account to ensure secure and authorized access to funds. Streamlined salary payments and business income with direct deposit and payroll services for you business. Duly completed account opening form. Two references One recent passport photograph.  Valid identification of signatory (Driver’s License, International Passport, National Identity Card or Voter’s Card) Residence permit (where
- [Individual Current](https://kayveemfb.com.ng/current-accounts/individual-current/): Individual Current Account Account Information Description Features Requirements This account provides you and your business a variety of benefits alongside seamless and convenient banking experience. Digitalized mobile banking. USSD banking. Competitive interest rate. Enjoy loan of up to ₦10m. Easy access via mobile App/branch or customer’s written instruction. Duly completed account opening form. Two account references. One recent passport photograph.  Valid identification of signatory (Driver’s License, International Passport, National Identity Card or Voter’s Card). Residence permit (where applicable). Public utility receipt dated within the last three months (Electricity bill, water rate bill, tenement rate, rent receipt, telephone bill). FAQs Who is
- [Kiddies Savings](https://kayveemfb.com.ng/savings/kiddies-savings/): Kiddies Savings Account Information Description Features Requirements Kiddies is a dedicated savings account tailored for children under 18, even those who are yet to take their first steps. Managed by parents in trust, this account is designed to lay the cornerstone for financial well-being right from the start. The account is opened by parents and held in trust for their children. Parents actively manage the account until the child reaches the age of autonomy. Set up Standing Instructions for automated deposits to the account. Timely updates to stay in control with email and/or SMS alerts. Very attractive interest on savings.
- [Target Savings](https://kayveemfb.com.ng/savings/target-savings-2/): Target Savings Account Information Description Features Requirements The Target Savings Account is a specialized savings solution meticulously crafted for individuals striving to achieve specific financial goals or embark on a particular project. This high-interest bearing account is built on the foundation of promoting financial discipline through a structured savings approach. User-friendly online banking app. USSD banking. Highly competitive interest rate. 3 months tenure. Duly completed account opening form. One recent passport photograph.  Identification of signatory (Driver’s License, International Passport, National Identity Card or Voter’s Card) Residence permit (where applicable) Public utility receipt dated within the last three months (Electricity bill,
- [Savings Delight](https://kayveemfb.com.ng/savings/savings-delight-2/): Savings Delight Account Information Description Features Requirements This is an account with very competitive interest rates that not only secure your savings but also gives you the joy of watching your money grow over time. Automated transactions for targeted savings. Personalized activities on savings anytime and anywhere through our mobile banking platforms. USSD banking. Unrivalled interest on savings. Duly completed account opening form. One recent passport photograph.  Identification of signatory (Driver’s License, International Passport, National Identity Card or Voter’s Card) Residence permit (where applicable) Public utility receipt dated within the last three months (Electricity bill, water rate bill, tenement rate,
- [Individual Savings](https://kayveemfb.com.ng/savings/individual-savings/): Individual Savings Account Information Description Features Requirements This is a personalized savings product designed to cater for the unique saving needs of individuals whose major interests are safety and seamless access to their funds. Digitalized mobile banking. Automated transactions to simplify savings routine. USSD banking. 3% Interest rate per annum. ID Cards, Utility Bill, BVN and Passport Photograph. Easy access via mobile App/branch or customer’s written instruction. Duly completed account opening form. One recent passport photograph. Identification of signatory (Driver’s License, International Passport, National Identity Card or Voter’s Card). Residence permit (where applicable). Public utility receipt dated within the last three months (Electricity bill,
- [Salary Advance Loan](https://kayveemfb.com.ng/loans/salary-advance-loan/): Salary Advance Account Information Description Features Requirements This account is a convenient financial solution designed to help salary earners bridge temporary financial gaps between paychecks.  It simply meets the need for extra cash before your salary arrives. Specially for stable history of monthly earning. Loan of up to one-third of monthly salary. Streamlined and straightforward application process for quick access to funds. Competitive and transparent interest rates. Dedicated customer support to assist throughout the loan application process as well as ongoing support after application. Valid I.D. Loan application form. Guarantor form. Letter of employment. Employment confirmation letter. Letter of consent from
- [SME Loan](https://kayveemfb.com.ng/loans/sme-loan/): SME Loan Account Information Description Features Requirements This is a financial solution for Small and Medium businesses.  Specially for business owners and entrepreneurs. Streamlined and straightforward application process for quick access to funds. Competitive and transparent interest rates. Dedicated customer support to assist throughout the loan application process as well as ongoing support after application. Valid ID. Loan application form. Guarantor. Collateral. FAQs Who is eligible for this loan? This is strategically designed as a financial solution for business owners and entrepreneurs. How can I access this loan? You can download the account loan application form, fill it out, and
- [Micro Loan](https://kayveemfb.com.ng/loans/micro-loan/): Micro Loan Account Information Description Features Requirements This account is designed to empower individuals and small scale businesses with flexible loans. Small loan amounts for small businesses. Loan range between ₦100,000 – ₦2,000,000. Streamlined and straightforward application process for quick access to funds. Competitive and transparent interest rates. Dedicated customer support to assist throughout the loan application process as well as ongoing support after application. Duly completed loan application form. CAC 7 form. Two references. One recent passport photograph. Valid identification of signatory (Driver’s License, International Passport, National Identity Card or Voter’s Card). Residence permit (where applicable). Public utility receipt
- [Contact Us](https://kayveemfb.com.ng/contact-us/): Contact Us Our Address Arena Shopping Complex EU 15, Oshodi, Lagos. Get In Touch With Us! Phone Number +234 815 795 0282 WhatsApp +234 815 795 0282 Email info@kayveemfb.com.ng Instagram X-twitter Facebook Linkedin Name Email Your Message (optional) Submit
- [Blog](https://kayveemfb.com.ng/media/blog/)
- [About Us](https://kayveemfb.com.ng/about-us-3/): About Us Who We Are The Financial Cornerstone for Nigeria’s Ambitious Enterprises KayVee Microfinance Bank was established with a singular vision: to address the distinct financial challenges faced by Nigerian small and medium enterprises through personalized banking solutions. As a dedicated financial institution serving the Nigerian business ecosystem, we combine deep industry expertise with innovative approaches to deliver banking services that traditional institutions have consistently overlooked. Our leadership team brings decades of collective experience across financial services, with particular focus on SME financing, digital banking solutions, and regulatory compliance. What distinguishes KayVee Microfinance Bank is our commitment to relationship-based banking.
- [Home](https://kayveemfb.com.ng/): Your Hustle Deserves a Smarter Bank. Bank Smart. Earn More. Live Better. Get more for your money with Nigeria’s most rewarding Microfinance Bank. Explore Our Solutions All Your Financial Needs Handled Under One Roof With Unbeatable Rates With Purpose | Why juggle multiple platforms when KayVee MFB gives you everything in one place? Micro Loan Big solutions. Small, fast loans. Micro Loan Access quick funds to meet pressing personal or business needs, with flexible repayment options. SME Loan Fuel your business. Fast funding. SME Loan Designed to power Nigerian businesses — get funding tailored to your size, sector, and goals,


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