CARD Bank Inc.
The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
You can apply for a business finance loan from most commercial banks that provide this kind of product. Some micro finance companies also provide business finance loans.
who is the regulator of micro finance in india
As we can understand by the name micro finance is the study of individual on the other hand macro finance is the study of whole group.
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The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.
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You can apply for a business finance loan from most commercial banks that provide this kind of product. Some micro finance companies also provide business finance loans.
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who is the regulator of micro finance in india
Octopus Micro Finance Suite was created in 2005.
micro finance bank in Nigeria has not been affecting peoples life in the time past due to the hectic and inviability of found to their disposal and government policy that has constrained their activities,and ground it to the background. thanks to the current central bank of Nigeria governor who has greatly revolutionizer's the banking sector through bank consolidation and turning the community banks into micro finance banks. now after the consolidation process and the access to bank loan has been out of reach to the common man in the society who has nothing to give for the big demand of all these banks such ans UBA, FIRST BANK,UNION BANK ETC .though some of all these bank has been fully given the permission to operate as micro finance bank little has been done but the little did should be appreciated and these are providing money to co-operate group(such as cooperative society and age groups) which ordinarily can not obtain loan due to no collateral. these micro finance banks gone up the extent of buying tools,paying for shops and proving business capitals to budding enterprises. all these and many more on stated here are the impact of micro finance bank in Nigeria Kudos to chukwuma C. saludo (central bank governor of Nigeria.)
As we can understand by the name micro finance is the study of individual on the other hand macro finance is the study of whole group.
Microbanking is to provide small loans to individuals. It is called micro because normally banks would not finance businesses that ask for only small amounts of money.
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example of micro business