EdFin Microfinance Bank was birthed out of the need for quality education in Nigeria. The bank which is dedicated solely to funding the education eco-space in Nigeria aims to positively disrupt the standard and quality of education in Nigeria, by providing the much-needed financial resources and services to the education sector.
Founded in collaboration with Gray Matter Capital (GMC) USA; a US-based impact investor concerned with improving the quality of education for underserved children in developing countries. EdFin is focused on facilitating a more enabling environment for private schools in order for them to be able to offer quality education that would ensure improved learning outcomes in such schools and ultimately in Nigeria.
Our mission is “the provision of financial services to the education ecosystem for the realization of human potential”.
Our vision is “to be the globally recognized bank of choice for education financial solutions in Africa”
EdFin Kolo is a target savings account for a future purpose. This early saver account aims to encourage a saving habit in young people.
EdFin Wealth is a savings account that can be used for transaction purposes.
EdFin Wealth Plus is a target savings account towards a financial goal. This account is available to all. This includes, schools, Contractors, Parents, Teachers and other Individuals.
EdFin Invest is a savings account solely for the purpose of investing. This account is suitable for anyone who wants to save a ‘fixed’ amount over a period of time. This account is available to all including Schools, Contractors, Parents, Teachers and other Individuals.
Investment turnover is based on the amount invested and tenor.
School fees loan aimed at bridging the gap between parent’s income and school fees payment period.
This product is designed to meet school’s infrastructural needs including construction of classroom blocks and asset purchases such as teaching aids, software and more.
EdFin Flow ensures schools always have a working capital. This loan helps to bridge the gap in the seasonality of a school’s cash inflow. e.g. salary payment, rent renewal, uniform making for students.
This is designed to enhance capacity building by giving personal loans to teachers and school owners.
This loan facility is disbursed to school contractors and vendors who supply schools with hardware and software facilities which enables learning and provide conducive environment for students.
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