Company Information

Get to know Chanelle Microfinance Bank Ltd.

Established in 2008, Chanelle Microfinance Bank Ltd. aims to promote financial inclusion by offering a range of financial products and services tailored to the needs of low-income individuals, micro-entrepreneurs, and small businesses. Their mission is to empower their clients to achieve economic self-reliance through accessible savings, credit, and financial advisory services. The bank is regulated by the Central Bank of Nigeria and operates with a focus on community-based banking principles.

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Financial BankingPRIMARY
Financial Other Service

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Chanelle Microfinance Bank Ltd.

Nigeria

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.