About Us

PARKWAY MICROFINANCE BANK LIMITED is a leading Microfinance Bank offering comprehensive, affordable, dependable and specialized financial solutions to the enterprising Active Poor and burgeoning small and medium size enterprises.  The Bank was incorporated in July 2007 and was granted License to commence microfinance banking business by the Central Bank of Nigeria on January 10, 2008. 

Our goal is to reduce the population living below the poverty line by intervening and enhancing the capacities of the low end actively engaged populace which is in line with global, national and state initiatives of poverty alleviation. We continually focus on the unbanked and seemingly unbankable and convert these into the formal sector and viable businesses.

The Banks corporate head office is strategically located in the high density and trading nerve center of Lagos Island at 96/102 Broad Street, Mandillas Building, Lagos Nigeria. Since its inception, the Bank has been in the forefront of leading strategic product developments and tailor made services to alleviate the pains of the Active Poor and the enterprises.  Our clientele base range from individuals to small and medium enterprises, with a motive to consciously create wealth to its identified clientele, especially the low end actively engaged populace.

 

CAPITALISATION

Presently, the Authorised Share Capital of the bank is N500 Million of which above N275 Million is Paid Up thereby making Parkway Microfinance Bank Limited as one of the most capitalized Microfinance banks in Nigeria.

 

I.T INFRASTRUCTURE

Parkway presently runs on PRIME banking software. PRIME is a web based application with a centralized relational database. It was developed using a combination of Microsoft technologies and other platforms, for example the dot Net Platform.

It is a full-featured banking application designed to cater for the growing needs of medium and micro finance institutions. PRIME is highly parameter-driven and easily customisable to meet the operational nuances of any modern bank.

PRIME addresses all functional areas of a typical retail banking on microfinance, from Customer Relationship Management, Credit Application/Monitoring, Deposit taking, to Cash Management and Investments. In addition, PRIME has an inbuilt workflow engine that enables effective collaboration/control within the Organisation.

In addition, it has the capacity for EFASS rendition, provides SMS Alerts and email integration services.

The POS terminal integration on the PRIME enables Mobile Computing.

 

WOMENCENTRISM

In recognition of the pivotal role played by women in commerce and the society at large, our products and services which are primarily targeted at poverty alleviation are women centric. As such, over 75% of our customer base is made up of women and priority is also given to women and locality in terms of recruitment.