Prospects Microfinance Bank Ltd was incorporated on March 31, 2008 with the Corporate Affairs Commission via CAC Registration number RC738522 and granted a final license to operate as a unit Microfinance Bank in Akwa Ibom State in August 2008 by the Central bank of Nigeria. The Bank has an Authorised Share capital of N150 million out of which N93, 578, 900.00 million has been paid up. It has a total asset base of over N140 million.
PROSPECTS MFB has fulfilled its mandate by providing Microfinance services to large segment of the productive but financially excluded population. It has been doing this through the provisions of credit, savings, micro-easing, asset acquisition, money transfer, financial advisory services among others
Prospects Microfinance Bank is presently located at No. 119 Oron Road, Uyo, Akwa Ibom State. There is plan to establish branches in all the Local Government in the State when it has obtain a state capital license.