The Future

Clazicstandard as a Limited Liability Company is aspiring in the nearby future to become a Public Liability Company, building on our consistency, persistency, honesty and sincerity in serving our teaming members.

Our vision is to continue providing affordable and accessible financial services while bringing financial services closer to our people.

Clazicstandard Ltd is undergoing a service transformation process and recapitalization process, with a long-term objective of obtaining the necessary license required by the Central Bank of Nigeria to operate as a full Microfinance Bank by the year 2030.

Our longer-term ambition is to obtain the necessary license to operate as a Commercial Bank in Nigeria by the year 2035, subject to meeting all applicable regulatory requirements.

Our Lending Policy

Clazicstandard Multipurpose Cooperative Society Ltd is our lender. Clazicstandard MPCS Ltd is the platform used by the Clazicstandard Group to extend credit facilities to its members.

To obtain a credit facility, an applicant must first become a registered member of the cooperative, have a functional and visible business, be known as a member of the society and have been a member for at least 60 days.

Our lending is 100% collateralized, either through mobile collateral or landed property supported by C of O or C of D.

The lending method is adopted to help secure our members' funds. Our loan process is designed to be swift and simple, with disbursement possible within 48 hours of application received, subject to assessment and documentation.

Interest on loans is negotiable depending on the customer's capacity and business.

Our Subsidiaries