5. •The Bank has the
vision to become a
World-class
banking institution.
Stanford
Microfinance
Bank was
established on
the 1st of July,
2015. It is
located @ 142
Abak Road, Uyo
– Akwa Ibom
State.
7. A. Stanford Current + Account
• No COT
• Minimum balance of N200,000
• Maximum of 3 withdrawals
B. Stanford Corporate/Current Account (STACA):
• Minimum account opening fee of N5,000
• COT is applied
C. Stanford Savings Account (STASA):
• Interest rate is 4% p/a
D. Stanford Savings +:
• Minimum balance of N100,000
• Interest rate is 6% p/a
• Cheque Book is provided
• Third Party payment allowed.
E. Stanford Group Life Account (STAGLA):
• Designed for clubs & associations
• Group Members can access loans through this account.
F. Stanford Yuletide/Target Account (STAYEA):
• Allows customers to save for yuletide or a particular
target
• Interest is 8% p/a
G. Stanford Bright Future Account (STABFA):
• Designed for youths, Corp members, students, etc.
• Designed to encourage savings
• No Charges
• Interest is 5% p/a
H. Stanford Royal Kiddies Account (STARKA):
• Account is for children from the ages of 0-18
• Minimum savings is N5,000 monthly
• Interest rate is 9% p/a
• Qualification to attend Royal Kiddies end of year party
• Top savers get instant gifts
I. STANFORD INVEST MONEY (SIM):
• Aimed at ensuring creation of more wealth
• Feature include attractive interest rate throughout the
duration of term.
J. STANFORD DAILY CONTRIBUTION:
• To encourage traders to save more money
• Beneficiaries can access soft loans
K. SATNFORD EASY LIFE:
• To assist individuals purchase items like cars, tricycles
etc
• Equity contribution of at least 30% is required.
8. 1. Loans granted to
over Four Hundred
business customers. 2. Promo to
appreciate customers
for their goodwill
(Prizes like cars,
tricycle, generator,
refrigerator and
other prizes where
won).
3. Provision of
mini buses for the
public.
4. Loans granted to
Civil/Public
Servants in the
State.
5. Accessed CBN
Loans and
disbursed to
beneficiaries.
6. Easy granting of
loans without
collateral.
8. Interest
drawback scheme
for farmers who
accessed agric
loans.
