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Agricultural Products

At Safeline we aim at helping our farmers have access to funds, agricultural tools and implements. All our agricultural loans are in compliance with the ACGS of the CBN and are fully insured with NAIC. Our products include: Safeline Farm Enrichment Loan
This product offers crop farmers, livestock farmers, arable farmers, plantation owners including subsistence farmers’ access to loans for their respective farming activities. read more>>

Capacity Building

Our bank also offers training and development programs to Small and Medium Entrepreneurs. We also help to finance training programs, courses, seminars and workshops for our clients towards improved and best practices in business.

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Laptop Lease

Product Features

  • 3rd generation Intel Core i3-3271U processor and 6GB DDR3 SDRAM
  • 750GB hard drive
  • Wi-Fi, Ethernet, and Bluetooth connectivity
  • HDMI, USB 2.0, and USB 3.0 ports
  • Pre-loaded with Windows 8 operating syste. read more>>
NextPrev

The idea for a microfinance bank with the set focus of rendering innovative products to the lower and middle class in Nigeria was hatched long before the advent of microfinance banking in Nigeria by men and officers of the Federal Road Safety Commission. Owing to the dearth of policy directives in this sector, the benefactors elected to set up a thrift and cooperative society as far back as 1986. Two of these were set up, namely:

1. The FRSC Staff Cooperative Society Limited and
2. The FRSC Staff Housing Cooperative Society Limited.

Over the last 15 years, these two cooperative societies worked tirelessly and assiduously to assist and empower men and officers of the FRSC numbering well over 13,000 throughout the federation.

With the advent of microfinance finance policy and the regulatory framework for Nigeria, the commission decided it was time to achieve the initial goal of making the services easily available to the vast majority of Nigerians. Hence application was made through the FRSC Staff Cooperative Society Limited in 2008 to set up a microfinance bank with the name Safeline Microfinance Bank Limited, separate and distinct from the FRSC staff cooperative societies.

Thus, the CBN granted and approval in principle to the Bank in July 2009 while the final approval to commence business was received from the CBN in February 2010.

To ensure that the new Bank takes off on a good and sound footing, the promoters engaged and retained the services of renowned consultants in this area, namely: Nextzon Business Services Limited.

The Bank commenced official business to the public on March 02, 2010 after its official commissioning on February 25, 2010 by the Honourable Minister of Finance, Mansur Muktar.

In addition to the shares of the Bank held by the members of the Federal Road Safety Commission, some high networth Nigerians also hold shares in the bank. However, no share holds more than 5 million share or 2.5% ownership of the bank Today, the bank has an excess of 3,000 shareholders with a combined paid up capital of N186 million well above the current prescribed minimum of N20 million and the upgraded minimum of N100 million (to become effective after December 31, 2011) for unit microfinance banks in Nigeria.

Since commencing business, the bank has grown from strength to strength and is today a microfinance bank to be reckoned with in Nigeria. This is attested to by the confidence reposed on the bank by such institutions as the National Directorate of Employment (NDE), National Economic Reconstruction Fund (NERFUND), the Small and Medium Enterprise Development Agency of Nigeria (MEDAN) amongst others.

Today SMFB have seven (7) field offices spread around Abuja with a balance sheet size of well over N350 million.