Kolomoni Microfinance Bank review
Updated October 13, 2026 · BorrowCue Editorial Team
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Our verdict
Kolomoni Microfinance Bank provides sales management and transaction tracking for businesses through POS tools alongside transfers, bill payment and loans. It is a Nigerian microfinance bank for individuals managing everyday money and firms running sales activity from different locations within Nigeria.
Key facts
- Best for
- Everyday transfers, bill handling and business sales management
- Lender type
- Direct lender (Source, checked September 26, 2026)
- Legal entity
- Kolomoni Microfinance Bank (Source, checked September 26, 2026)
- Headquarters
- Nigeria (Source, checked September 26, 2026)
- Support channels
- Email, Phone, Help-centre (Source, checked September 26, 2026)
- Official website
- kolomonimfb.com
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- Combines transfers, bill settlement, airtime recharge and card payments in one service
- Provides loans for personal needs, business activity and future planning goals
- Includes POS tools that support payment acceptance and transaction reconciliation
- Supports firms that operate across regions through unified management tools
Cons
- Focuses on Nigeria, which limits access for people in other markets
- Centres daily transactions around a single platform, reducing choice of channels
Who it suits
- Small firms with daily sales and reconciliation needs
- Individuals with everyday transfer and recharge needs
Who should look elsewhere
- People outside Nigeria without local banking needs
How your money is protected
Kolomoni operates as Kolomoni Microfinance Bank in Nigeria with registration number RC1402143 and a base in Ibadan. It holds a licence from CBN, which places its activities under formal banking oversight in the country. Deposits held with the bank receive insurance from NDIC, giving depositors protection through an established industry scheme. This arrangement means funds sit within a regulated institution with defined responsibility for safeguarding balances.
How Kolomoni Microfinance Bank compares
Where Kolomoni Microfinance Bank is available
- Available
- Nigeria
- Licence in Nigeria
- Central Bank of Nigeria, checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
What products does Kolomoni Microfinance Bank provide?+
Kolomoni Microfinance Bank provides mobile, agency and corporate banking with transfers, bill payment, airtime recharge and card payments for online and in store use. It also provides loans and business tools that support payment acceptance, reconciliation and transaction tracking. The range links everyday money management with tools for running a business.
Who uses Kolomoni Microfinance Bank?+
Small firms use the service to accept payments and monitor sales activity across different locations. Individuals use it for everyday transfers, bill handling and borrowing alongside planning for future goals. Corporate clients use the unified tools to reconcile transactions and manage business processes.
Which company stands behind Kolomoni Microfinance Bank?+
The services come from Kolomoni Microfinance Bank, registered in Nigeria under number RC1402143. The bank holds a licence from CBN and deposits receive insurance from NDIC. The registration gives borrowers a defined institution with oversight of customer balances.
Where is Kolomoni Microfinance Bank based?+
Kolomoni Microfinance Bank is based in Nigeria. (Source, checked September 26, 2026)
How can I contact Kolomoni Microfinance Bank support?+
Kolomoni Microfinance Bank offers support through Email, Phone, Help-centre. (Source, checked September 26, 2026)
Sources
- kolomonimfb.com checked September 26, 2026
Backs: Headquarters, Legal entity, Support channels, Licences
“with registered address at 129, Railway Siding, Magazine Rd, Jericho, Ibadan, Nigeria”
- kolomonimfb.com/about-us checked September 26, 2026
Backs: Lender type
“As a licensed financial services provider under the Central Bank of Nigeria”
Compiled from 2 source pages, checked October 13, 2026. We did not open an account.
Not confirmed yet: APR, Loan amount, Term, Arrangement fee, Credit check, Funding time, Representative example.
Other rankings
Kolomoni Microfinance Bank
Everyday transfers, bill handling and business sales management