Despite Nigeria’s estimated $376 billion Gross Domestic Product (GDP), large population, huge market for microfinance banking and increasing number of micro-enterprises, over 60 per cent of its 191 ...

As the name implies, microfinance institutions are bankers and lenders who provide microfinance services, such as deposits, loans, payment services, money transfers, and insurance. The importance of ...

With 47% of Africa's population, and also standing as the continent's biggest oil exporter, Nigeria as a country should have nothing to do with poverty. In fact, she is supposed to be an El Dorado for ...

In my earlier article, “Microfinance Act: A Second Chance for Sri Lanka?”, I discussed how the proposed Microfinance and Credit Regulatory Authority Act (MCRA) can restore confidence and fairness in ...

A key feature of the proposed bank is that at least 60% of the paid-up capital will be held by the bank’s borrowers ...