Our Products & Services

Get to Know our other products and services

Hinache Microfinance Bank is a microfinance bank that offers services that cut across boundaries of formal and informal financial service providers in our chosen segment of the lower end of the pyramid.

Customers in this chosen market (grassroots) are profiled and classified into active low-income earners (otherwise referred to as active poor populace ), Informal / Self Help Groups and Small& Micro Enterprises. Small & Micro Enterprise is further analyzed into Income Generators (IG) Micro Entrepreneur (ME) and small Enterprise.

Understanding the differences in the basic needs of these itemized components of our chosen markets enabled us to develop a good foundation on which our products are designed and delivered. The range of products include but not limited to the following below:

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Savings Deposit Products

Savings A/C
Current A/C
Term Deposits
Target Savings
Hinache SME – LIFE
Hinache Wise plan (Retirement Savings A/C)

CREDIT FACILITY PRODUCTS

Overdrafts
Hinache Allowy Delight
Hinache Student / Skill Acquisition loan
Hinache Salary Delight
Hinache SME Loan
Hinache Micro Credit

SME & COOPERATIVE BANKING – HINACHE SME LIFE DESIGN

Convenient & easy to open
Withdrawals are not limited ( no minimum balance)
Allows third – party withdrawals
Allow use of chequebooks as a safe and convenient means of (cashless) payments
Loan/ Overdraft facilities are available
Free business ledger provider to SME with training on usage to maintain transaction records

CHILDREN & YOUTH BANKING

Convenient & easy to open
Designed for our children Parents & Guardians can operate on behalf of their children or Schools may incorporate into fees for their pupils/ students and operate the account on the students ‘ behalf as a means of differentiation from other schools
Operated by parent/guardian/ school on behalf of the account holder from infancy to 12 years
Include educational insurance valued at N50,000 for all account holder in the event of parent’s death

HINACHE ALLOWY DELIGHT

Designed for Youth Corpers
Quick loan application processing (48 hours)
Advance can be up to 65% of monthly allowance
Requires valid NYSC ID Card
2 passport photograph
Introduction letter from CLO/LO

HNACHE YOUTH EMPOWERING SAVING SCHEME (YESS)

>Advance can be upto twice savings balance
Acceptable guarantee require
Lien is placed on asset acquired till full repayment
Maximum tenure of 12 months is extended
Requires valid I.D. card
Require 2 passport photograph

SME & PERSONAL INVESTMENTS: HINACHE ASPIRE FUNDS

Guaranteed higher returns of savings +3%
Minimum tenor of 12 months
Separated from personal accounts
Investment note is issued on such placements
Requires valid ID + one passport
Tenable as loan collateral

OTHER SERVICES

Correspondent Banking Services
Online Funds Transfer (inflow & outflow )
Hinache Card Services
Hinache Point of Sales Services
Hinache Cash / Payroll Management
Hinache Micro Insurance
Other Professional, Financial & Business advisory service etc.

Our Products & Services

Our Products & Services

Get to Know our other products and services

Savings Deposit Products

CREDIT FACILITY PRODUCTS

SME & COOPERATIVE BANKING – HINACHE SME LIFE DESIGN

CHILDREN & YOUTH BANKING

HINACHE ALLOWY DELIGHT

HNACHE YOUTH EMPOWERING SAVING SCHEME (YESS)

SME & PERSONAL INVESTMENTS: HINACHE ASPIRE FUNDS

OTHER SERVICES

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