Posted on September 19, 2008 - by James

The Guardian: The Challenges of MiFi…

TODAY’S microfinance banks were created to improve on the performance of the erstwhile community banks and the People’s Bank before them among other initiatives taken by government to assist the poor (who cannot obtain funds from conventional financial institutions) in cash and kind to embark on income-generating activities and become self-reliant.

Whereas by law the microfinance banks (MFBs) effectively took off last January, in view of direct government experience stretching back over two decades, it will not be premature to assess the progress of the microfinance sub-sector so far… [click here to read the rest of this article...]