Woliwo microfinance bank Nigeria limited is a foremost microfinance bank, licensed by Central bank of Nigeria to operate as a microfinance bank in Nigeria. It holds a State License and hence operates in Anambra State. The bank commenced official operations on July 4, 1994 under the name Woliwo Community Bank Nigeria Limited with authorized share capital of N5,000,000 (Five million naira only) of which N3,088,000 (Three million eighty-eight thousand naira only) was paid up.

The company registration number of our bank is RC 243551.

The bank is located at No 10 Akunnia Njote Street, Woliwo layout Onitsha, in Onitsha south local Government Area of Anambra State.

The bank at commencement had a vision to serve the banking needs of numerous low income earners and artisans in it’s catchment area who often require life-lines by way of micro loans to overcome short term liquidity problems.In the last few years, the Bank has attracted patronage from Small & Medium Scale subsector of the economy, carved a niche as a supportive Bank for Retail businesses and empowering Micro businesses through distinctive services. The Bank’s commitment to value creation for all its stakeholders has earned it a solid reputation as a responsible corporate citizen and employer of choice.

The bank was able to grow it’s asset base adequately that it qualified for a CBN final license and was issued a final license number 000053 on 20th November, 2007.

The last ten years (2005 - 2015) has seen the banks paid up share capital grew from N3,000,000 to N26,900,000 a leap of more than 590% in the period mentioned, net assets had also grown from N68,483,000 to N129,457,000 representing 88% growth in the period.

Mission Statement

WMBank trust mission is to be the foremost provider of microfinance services in our catchment area, and empower economically active individuals and business owners through limitless and innovative services.

Vision

To build an institution that will contribute significantly to the eradication of poverty through the provision of diverse, affordable and convenient financial services to the economic active poor persons.

The Board and Management is responsible for the governance of the Bank and is accountable to shareholders for creating and delivering sustainable value through the management of the Bank’s business.

Having the right people with an appropriate balance of skills, knowledge and experience is an important aspect of corporate governance in order to continue to have an effective Board and an executive management team to steer the affairs of the Bank in an ever challenging environment. The Bank’s rigorous and robust appointment and effective succession planning framework is one way of ensuring that we continue to have the right people to drive the business in the desired direction.

The Board of Directors of the Bank is made up of seasoned professionals who have excelled in various sectors including banking, accounting, engineering, oil and gas as well as law. They possess the requisite integrity, skills and experience to bring to bear independent judgment on the deliberations of the Board and decisions of the Board. The Directors have a good understanding of the Bank’s businesses and affairs to enable them properly evaluate information and responses provided by Management, and to provide objective challenge to Management. Directors challenge each other’s assumptions, beliefs or viewpoints as necessary for the good of the Bank and question intelligently, debate constructively and make decisions dispassionately.

The Board of Directors of the Bank currently consists of seven (7) Directors. They are as follows:

NAME Board Position
Chief Sir (Dr) C.E Igbokwe Chairman
Ugonna Igbokwe Director
Chijoke Igbokwe Director
Uchechukwu Igbokwe Director
Patricia Igbokwe Director
Joshua Igbokwe Director
Eucharia Ogbete MD