Join a group!
Apply for our Regular Loan.

This loan product is designed to operate on a group (union) methodology.

Regular Loan

This loan product is designed to operate on a group (union) methodology. A union is a self-selected group of people who access loans individually but have group guarantees. Regular Loan is created to help meet the working capital needs of clients that run small businesses.


  • Facility range: N30,000 (minimum) to N150,000 (maximum)
  • Methodology: Individual lending but group liability
  • Duration: 8 months
  • Charitable Trusts
  • Grace period: 2 weeks
  • Repayment frequency: Weekly
  • Clients must belong to a union


  • No collateral
  • Access to funds for business expansion
  • Access to other business loan products to strengthen client’s enterprise, e.g. Mid-term and Asset loan
  • Flexible repayment structure
  • Training on basic financial management, business planning and customer relations
  • Low interest rate
  • Expert financial advice available

Documents Required

  • Duly completed application form
  • 2 guarantors
  • 2 recent passport-size photographs
  • Current electricity bill
  • A valid means of ID (national ID, driver's license, voter's card or international passport)

You may also be interested in:


Asset Loan

Asset loan as the name implies is targeted to help existing clients of Riverside MfB purchase assets such as generator, refrigerator, grinding machines etc. that will further enhance the productivity of their enterprise.


Education Loan

Education loan is a loan designed strictly for the payment of children's school (Primary and Secondary) related expenses in Nigeria only.

Special Loan

Riverside MFB Special loan product was developed to meet the credit needs of exiting regular loan clients who require bigger loan sizes to strengthen their businesses.

Premium customer support

Enjoy the personalized service you need at Riverside Microfinance Bank, including long-term business financial planning and extended-hours access to our specialized business service team.

  • One combined monthly statement for all of your business accounts 
  • Extended-hours access to our specialized business service team