SOBIC stands for:

Our History

SOBIC and Company is a rapidly expanding, opportunity-creating and customer-focused microfinance Institution (MFI) in Nigeria. A member, Association of Non-Bank Microfinance Institutions of Nigeria (ANMFIN), the company registered in July 2008 with Corporate Affairs Commission (CAC) and opened her first branch on August 1, 2008 at Sawmill , Old Ife Road, Ibadan.


We offer micro-credits for business and project to Micro, Small and Medium Enterprises (MSMEs) in line with Central Bank of Nigeria’s Microfinance Policy, Regulatory and Supervisory Framework for Nigeria (section 5.2; April 2011).


Our dynamic Management Team is led by Mr Kehinde Adewuyi Adejumo, a seasoned financial expert, Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a Microfinance Certified professional with Chartered Institute of Bankers of Nigeria (CIBN).