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Ghana: Microfinance company dupes clients 27 Aug 2013 | 05:25 pm
About 60 clients of Gentrac Microfinance Limited Monday thronged the Ho Municipal Police Station alleging fraud by the Company. They went to the offices of the Company Monday morning to transact busi...
Ghana: Include micro-finance firms in Export Development and Agriculture Investment Fund 27 Aug 2013 | 04:27 pm
The Minister of Finance and Economic Planning, Seth Tekper, has called for micro finance institutions to be included in the support framework of the Export Development and Agriculture Investment Fund ...
Nigeria: Citibank honours micro-entrepreneurship in Nigeria 26 Aug 2013 | 11:14 pm
Citibank Nigeria Limited honoured 17 Nigerian micro-entrepreneurs during the Sixth Annual Citi Micro-entrepreneurship Awards Ceremony which held on August 15, 2013 at the Transcorp Hilton Hotel, Abuja...
Bangladesh: Microcredit alone not major contributor to poverty reduction – Experts 26 Aug 2013 | 06:46 pm
Academicians, microcredit operators and regulators said Saturday that despite its contribution, microcredit should not be considered as an overwhelmingly major contributor to poverty reduction as a mi...
Nigeria: Banks, MFBs, MFIs jostle to disburse N220bn MSMEDF fund 26 Aug 2013 | 06:26 pm
There are indications that Deposit Money Banks, DMBs, Microfinance Banks, MFBs and Microfinance Institutions; MFIs, are in deep contest over who would warehouse the N220 billion, Central Bank of Niger...
Bangladesh comes second in financial inclusion in S Asia 26 Aug 2013 | 06:04 pm
Bangladesh stands second among South Asian nations in ensuring access to financial services for its citizens, a recent study found. Around 66 percent of the households in Bangladesh now have access t...
Nigeria: N200bn Bailout – NAMB Says Guidelines Must be Followed 24 Aug 2013 | 06:09 pm
The Nigeria Association of Microfinance Banks (NAMB) says it will not forward any application which fails to meet the guidelines for sourcing the N220 bailout fund for MSMEs. The President of the ass...
Nigeria: Multiple borrowing cripples operations of Micro Finance Banks- Official 23 Aug 2013 | 04:57 pm
The Chief Operating Officer of Fortis Micro Finance Bank (MFB), Jero Omare-Ogah, says multiple borrowing by customers remains a major challenge to the survival of the MFBs in the country. Mr. Omare-O...
Nigeria: NDIC Pays N73.5bn ($452m) to Depositors of Failed Banks 22 Aug 2013 | 07:44 pm
The Nigeria Deposit Insurance Corporation (NDIC) has said the sum of N73.58 billion had been paid as liquidation dividends to 250,209 depositors of Deposit Money Banks (DMBs) as at December 2012. It ...
Nigeria: Ecobank Establishes Microfinance Department 22 Aug 2013 | 04:38 pm
Ecobank Nigeria has set up a Microfinance department to support small business owners in Nigeria. These groups of people constitute the unstructured market and are small entrepreneurs whose businesse...
