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About First Octet MFI

First Octet Financial Services Ltd (First Octet MFI) is a registered business with the Corporate Affair Commission in Nigeria with Registration number RC1921773. The business started as an Enterprise in year 2013 with “Ajo” Daily Contribution before it was upgraded.

The timely services delivery in addition to our high level of Integrity in discharge of our duties to customers has fetched us over 20,000 customers with more than 10,000 active per time across our branches.

First Octet MFI carried out its duty through a real time and robust technological based application. This feat, when it was achieved, has reduced the tedious paper work and manual updating of our accounting process reduced to the barest minimal. More importantly, monitoring and overseeing the activities of the Accounting Officers in their respective zones so easy.

Our Objectives

In achieving our aims, Human and Financial resources will play a major role. First Octet Financial Services is committed in bringing modern banking systems (on our palm) to Customer’s door steps. This robust system helps in reducing man hour required in accessing rigorous banking activities lately. We are equally committed in creating wealth by providing soft loans to customers in order to boost their business. Long term planning approach accelerate customer growth through our Fixed Deposit Scheme (Little Drops) in arriving their financial destinations faster than necessary.

We reward commitment and dedication of our staff by giving them equal opportunity to grow as customers with remuneration package that support unlimited growth (commission basis.)

To eradicate poverty in our society.

To build on existing thrifting culture of our customers

To encourage and assist in actualising customers’ short, medium and long term planning culture through our robust platform.

Creation of wealth through our monthly soft loan

To become a leading Financial Institution in Nigeria.

To become a leading Financial Institution.

To bring banking activities to door steps.

To create a better everyday life for customers and staff alike.

Provision of first class Daily Contribution Services delivery to customer through Professionalism, Integrity and Robust Technological base approach. This feat, in no little way, brings the tedious and rigorous banking services to customers’ door steps at no cost.

Lives, definitely are being touched with all our flexible packages

  1. (i) Daily Contribution Package
  2. (ii) Fixed Deposit Package (attract interest upon completion)
  3. (iii) Soft Loan Package

These have impacted lives positively in almost a decade of our existence as a financial body.

First Octet Financial Services Ltd

First Octet MFI is registered as a Financial Institution to carry out financial related business as the law deem fit. We have been discharging this core value successfully in the last decade or thereabout.

Operations

The Operations Department is the interface between the organisation and our teeming customers that serves as the backbone of the business. This department is responsible for training of staff before they are deploy and supervise their activities from time to time.

Administration

The Administration Department is responsible for the running of the business. It oversees both staff and customers welfare and any other things that will assist in running of the business smoothly.

Finance

Finance Department sees into the day to day activities of the organisation. It relates with the Operation department in respect to the inflow and outflow of cash. Auditing unit assist in reconciliation of figures and ensure a proper updating of daily records.

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