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The Managing Director, Fortis Microfinance Bank, MfB, Plc, Mr. Tiko Okoye, in this interview suggested that fund should be made available to promote the adoption of Information Technology (IT) in the sub-sector even as he said...

18 September 2017

MICROFINANCING has contributed immensely to small and medium-scale businesses in both rural and urban areas in the country.This is by empowering the economically active people and  bringing about growth and development of...

18 September 2017

The Central Bank of Nigeria (CBN) has identified the inability of Nigerians to access funds as the major reason for the economic recession and hardship they are currently passing through.The apex bank however noted that such...

15 September 2017

THE Bank of Industry (BoI) has held technical sessions with micro finance banks (MFBs), in furtherance of its plan to collaborate with credible MFBs to facilitate access to credit for small and medium enterprises (SMEs) and...

15 September 2017

Fortis Micro Finance Bank (Fortis MFB) Plc has recorded double digit growth in earnings amid a mid a tough and unpredictable macroeconomic environment. The lender is increasingly taking banking service to those in the...

15 September 2017
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 Design With Cambodia's Microfinance
June 23 2017

Before he cofounded Morakot, a banking and loan management platform for microfinance institutions (MFIs) in Cambodia, Sophorth Khuon worked in microfinance himself. So he knew firsthand the challenges MFIs face when it comes to loan distribution and management.“Less than 5% of microfinance institutions in Cambodia could afford standard microfinance software, and most of the software was designed for a bank and not for microfinance...

BoG sets compliance deadline for microfinance institutions
September 18 2017

Microfinance institutions (MFIs) have up to the end of April, 2018 to comply with new guidelines set by the central bank to streamline their operations, a report by the Finance Committee of Parliament has revealed.The rule requires MFIs, among others, to have a public governance policy that establishes a number of committees including a credit management committee and submit reports of these meetings to Bank of Ghana (BoG).At a Committee meeting prior to the adjournment of seventh Parliament...

 Design With Cambodia's Microfinance
June 23 2017

Before he cofounded Morakot, a banking and loan management platform for microfinance institutions (MFIs) in Cambodia, Sophorth Khuon worked in microfinance himself. So he knew firsthand the challenges MFIs face when it comes to loan distribution and management.“Less than 5% of microfinance institutions in Cambodia could afford standard microfinance software, and most of the software was designed for a bank and not for microfinance...

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