We set no boundaries on what we can
accomplish. Our "can do" attitude to service
backed by our financial resources and fired by our vision makes the achievement of set targets...
Our Savings Product line include:
Bosak Savings Account
This is a conventional savings account targeted at individuals, clubs, unions, organisations comprising small artisans, craftsmen and other small and medium scale entrepreneurs. It is meant to encourage the habit of saving.
Bosak Smart Kids Account
This is an account to be opened and maintained in trust specifically for kids and is run by the parent/guardian on behalf of the infant.
Bosak Target Account
This is a savings account targeted at meeting specific future needs or desires of the customers e.g. marriage, vacations, Christmas, pilgrimages, graduation etc. It is designed for traders and the working class.
Bosak Grow Account
This is an account designed to encourage small savers to contribute their daily savings over a period of time for at least three months. This can in turn be used as collateral for loans by the savers.
Bosak Premium Account
This is a hybrid account that is a savings account that allows the customer to enjoy the benefits of a current account. An added advantage is that it is COT free.
Our Loans Products
BOSAK TRADE LOAN
Bosak Trade Loan is the flagship loan product of Bosak Microfinance Bank Limited. It is a group loan product. This product is available to members of groups or associations (registered or not registered) involved in trade activities.
The product which encourages a savings culture among our clients ensures loans are repaid weekly along with voluntary savings. The minimum amount that can be availed to an individual is N10,000.00 while the maximum access to this product is N200, 000.00 for a maximum tenor of 180days or 24weeks.
BOSAK AUTO TECHNICIAN SUPPORT LOAN
Following the partnership entered into between the bank and the National Automotive Council (NAC) under the National Automotive Council/Bank of Industry Limited Automotive Technician Support Micro Credit Scheme to provide equipment finance and working capital to auto technicians, the bank developed the Bosak Auto Technician Support Loan (BATSL) product.
Those eligible to access the BASTL are basically auto technicians (Mechanics, Electricians, Painters, Panel Beaters) who have a traceable workshop and is a member of a trade association that has been in relationship with Bosak Microfinance Bank Limited for a period not less than 30 days. The product encourages voluntary savings along with the repayment of the loan facility granted. The minimum accessible amount under this product is N40,000.00 while the maximum access is N500,000.00 for a maximum tenor of 360days or 48weeks.