Tag: Inclusive Financial Services
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TNG Special Report: Microfinance Banks and the challenges of inclusive financial services in Nigeria
By Gabriel Okoro and Adebayo Animasaun The importance of microfinance banking (MFBs) subsector to the development of any country cannot be overemphasised. The subsector’s importance in developing economies is seen in its contributions to Micro, Small and Medium Scale Enterprises (MSMEs). The microfinance banking model was introduced in Bangladesh in the mid 1970s and several…