This product encourages savers to save for the purpose of meting specific targets like Christmas, purchase of land, pilgrimages expenses, School fees, wedding etc. It has a required initial opening balance of N500 only.
Calabar Microfinance Bank is an integrated financial service institution with a hard earned reputation for excellent financial business practices and a goal of fostering wealth creation by supporting and promoting business and entrepreneurial development among the economically/entrepreneurially “Active poor” and under-banked population. With its Corporate Headquarters at No. 72 Egerton Street, Calabar. CMF Bank started as a Community Bank in Cross River State fully licensed by Central Bank of Nigeria.