Baobab – Company Information & Legitimacy Check
Who is behind Baobab, who owns it, and how to verify the lender is safe before you borrow in Nigeria.
Baobab Microfinance Bank is part of the Baobab Group, an international microfinance group operating in Africa and Europe. The Nigerian operation serves SMEs and individual entrepreneurs.
Is Baobab legit and safe?
Baobab is operated by Baobab Microfinance Bank Limited, registered at Lagos, Nigeria. Because it is backed by a licensed bank, its lending falls under that bank's regulatory supervision. Before applying, always confirm the lender on the official CBN and FCCPC lists and apply only through the official website baobabgroup.com/nigeria to avoid loan-app scams and clones.
Who owns Baobab?
Baobab is owned and operated by Baobab Microfinance Bank Limited. You can review the full loan terms, interest rates and reviews on the Baobab loan page.
Company information
| Brand | Baobab |
|---|---|
| Operated by | Baobab Microfinance Bank Limited |
| Address | Lagos, Nigeria |
| Loan amount | ₦20K – ₦10.0M |
| Interest from | 28.00% / month |
| Official website | https://baobabgroup.com/nigeria |
FAQs about Baobab Microfinance Bank Limited
Baobab is operated by Baobab Microfinance Bank Limited, registered at Lagos, Nigeria. Before borrowing, confirm the lender on the Central Bank of Nigeria (CBN) approved list and the FCCPC digital-lenders register, and only apply through the official website https://baobabgroup.com/nigeria.
Baobab is owned and operated by Baobab Microfinance Bank Limited.
Baobab is backed by Baobab Microfinance Bank Limited, a licensed bank in Nigeria, so its lending falls under that bank's regulatory cover.