History of chibueze microfinance bank

Chibueze Microfinance Bank Ltd has significantly transformed lives by delivering accessible and inclusive banking services that foster economic growth for individuals, families, and small businesses. Located in Aba South, the bank traces its roots back to Alaorji Community Bank Ltd, established on February 28, 1995, and later renamed Chibueze Community Bank Ltd on January 5, 2000. Since its inception, the institution has strategically positioned itself as the bank of the grassroots, offering financial solutions that are broad in scope and affordable for the unbanked and underbanked within Aba South and its environs.

With a strong public service mission, Chibueze MFB integrates creativity, innovation, and sound microfinance principles into its daily operations. The bank is widely recognized for its reliability, entrepreneurial spirit, and unwavering commitment to best practices in the microfinance industry. Over the years, it has distinguished itself as a resilient institution—capable of withstanding the challenges of modern microfinance banking while consistently delivering value to its community.

Chibueze MFB stands as a pillar of financial stability, empowering clients to achieve personal goals, grow sustainable businesses, and build wealth. Its methodology is tailored to the unique economic realities of its target market. Between January 2007 and January 2008, the management developed a comprehensive operational manual to guide its practices ahead of commencing full operations in February 2001 as a Unit Microfinance Bank Limited by shares.

Today, the bank continues to adopt innovative, inclusive, and market-sensitive microfinance strategies—focused on increased outreach, poverty reduction, operational efficiency, and long-term sustainability.

Vision

To attain the status of a state Microfinance Bank and the best service-oriented Microfinance Bank Nationwide.

Mission

To provide the banking services to the active but poor masses.

To reach, touch, understand & provide the banking needs of such people who might not qualify to receive the banking services of the conventional bankers within our catchment area.

Core Values

Maintenance of speed and accuracy in attending to our numerous customers need and request, combining our professionalism and excellent performance to meet the expectations of our customers.

Our Service

We maintain market leadership in the provision of micro-finance banking services

Management Team

Prince L. F. Obitube, MCIB
Managing Director
Mrs. Chinyere J. Onyenanu, MCIB
Head, Operations Department
Mrs. Obiageri P. Nnagboro, MCIB
Head, Internal Audit
Mrs. Comfort N. Ubochi, MCIB
Head, Risk Management & Enterprise
Mrs. Rosemary Chioma Ogaraku, MCIB
Head, Finance & Administration
Mr. Placid Onyinye Duru, MCIB
Head, Ariaria Cash Center – Faulks Road
Mrs. Obiageli Sussan Uluocha, MCIB
Head, Business Development & Marketing
Ms. Thelma Uchenna Aguh, MCIB
Head, Data Protection & Privacy
Mrs. Anthonia Chibugo Madueme, MCIB
Head, Credit & Development

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