BIMFB was recently established as a Nigerian microfinance bank with Blue Financial Services and Intercontinental Bank as major shareholders.
“We were nominated based on various parameters such as international best practices, operational excellence, quality and focus leadership,” said Len Pretorius, managing director, BIMFB.
BIMFB started its operations in September 2008 to distribute and sell Blue's micro-financing services and products to Nigeria's retail market through the Intercontinental Bank Nigeria branch infrastructure and stand alone branches. Products offered in the Nigerian market include salary advance loans, personal term loans, retail loans, small business finance and home improvement loans.
Blue Financial Services currently operates in 14 countries in Africa and is listed on the South African ALTX and the Botswana Stock Exchange. The group offers ethical and innovative financial services to formally employed, but underbanked and underserved employees.
