Who We Are
Solid Rock Micro Finance Bank Limited formerly Oke-Ona Egba Community Bank Nigeria Limited was incorporated under the Company and Allied Matters Act 1990 on 26th July, 1991 with Certificate Number RC 167097 and subsequently received formal Banking License (No. 000473) from Central Bank of Nigeria on 25th of May, 2004. The Bank commenced operation with Authorised/fully paid Share Capital of N250,000.
The Central Bank of Nigeria in year 2006 mandated all Community Banks in Nigeria to shore up their capital to N20,000,000m to enable them transform to micro finance banks. This increase made a lot of Community Banks to lose identity through acquisition/merger, but with the special Grace of God and great commitment of the shareholders the bank OKE-ONA EGBA COMMUNITY BANK NIGERIA LIMITED was able to scale through the hurdle and thus transformed to SOLID ROCK MICRO FINANCE BANK LIMITED with an enhanced capital base.
The new bank received its final license on 2nd January, 2009 with authorized paid up capital of the bank being N40,000,000m while the Shareholders Fund of the Bank as at 31st December, 2008 stood at N45,167,651m.
Mission
To be a strong and most trusted Microfinance Bank with vibrant and progressive customers.
Vision
To provide to our customers highly standardized and cost effective financial services specially designed to meet their peculiar needs and capable of stimulating sustainable growth in their businesses and environment.
Our Values
- Integrity
- Professionalism
- Customer Care
- Community Development
Advantages of Microfinance
- Access to affordable and dependable financial services for the underserved.
- Mobilisation of savings to support investment and growth.
- Creation of employment and increased productivity.
- Non-collateral lending models designed for people and their cashflows.
