AB Microfinancebank Nigeria was established by LFS in 2008, after having conducted a feasibility study and having brought together a number of co-investors and technical assistance financiers. ABN has been created with the objective to provide the core target group of micro, small and medium-sized enterprises (MSMEs), as well as other clients in the lower income strata, with a broad range of appropriate financial services. ABN aims to become a leading retail provider of MSME finance in Nigeria, and to set industry standards in terms of efficiency, transparency, and customer service.
LFS is the Technical Partner in charge of establishing and managing ABN. The shareholders of ABN are AccessHolding, African Development Bank (AfDB), Impulse Microfinance Fund, International Finance Corporation (IFC) and the German Development Bank (KfW).