The main objective of micro finance banking is to provide loans to co-operatives formed by persons engaged in small and cottage industries. Since their outreach individually to a bank is not acceptable or unwelcome, micro finance banking can play a pivotal role here, in providing soft loans to the cooperatives consisting of poor and down trodden people engaged in making cottage and household items or in garment sector.
You kidnap them and break their fingers
CARD Bank Inc.
it is to provide basic financial services such as loans savings and insurance to underprevilege people
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.
You kidnap them and break their fingers
NMIBTZTZ
CARD Bank Inc.
it is to provide basic financial services such as loans savings and insurance to underprevilege people
who is the regulator of micro finance in india
cool
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.)
i dont know. yes but do not know too
Octopus Micro Finance Suite was created in 2005.
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.
1. Bank industries 2.Insurance companies 3.Micro finance institutions
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