This work is designed the bureaucratic process involved on the impact of microfinance bank on the economic development of the rural populace. A case study of Agbeni Community Bank. The nature and future prospect on the impact of microfinance bank of economic development is also examined in this research work. This project work is hereby divided into five (5) chapters. Chapter one talks about the introductory aspect of the study, the background of the study, statement of the problem, the purpose of the study, scope, limitation of the significance of study, the research question, research hypothesis, the historical background of the study and definition of terms. Chapter two deals with the literature review. Chapter three discusses the research methodology used, instrumentation and research design, sample and sampling techniques and population size and sample size. Chapter four covers the data collection, data analysis and data interpretation. Chapter five efforts are made to drawn conclusion, recommendations and while references brings and the research work.