Can someone pls tell me the requirements for starting a microfinance bank, or perhaps give me a link to where i can get all the details.

Thanks

what really interest you to ask this question?
what are your qualufications that will prompt you to this?
Is it your dream?

olivetree:

Can someone pls tell me the requirements for starting a microfinance bank, or perhaps give me a link to where i can get all the details.

Thanks

Mid night hallucination in your head, check into a nearby headshrinker in your neigbhorhood.

iknow that you have to be a multi millionaire,thats for sure,and i know that every micro finance bank in nigeria are required to have a minimum reserve of 20million so if you have 20million cold hard cash,then think of the required lincenses,securing a befitting building lease in a nice location,staff cars,qualified staffs e.t.c

Thank you Lucrabasi for answering the man's question

Outstrip:

Thank you Lucrabasi for answering the man's question

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Olivetree idea of a past time is to chew bubble gum under alakpere t junction, all places to ask of idea and link of starting a microfinance bank becomes nairaland, good raddiance to Seun Osewa for bringing all manner of moltley crews.

Olivetree pls meet me at Ojuelegba bus stop, my grand-daughter will take you to Prof Chukwuma Soludo who lives at 1017 ijeshatedo bld, Sokoto

8oracle I don't see your point. Every business idea starts somewhere. This might be the beginning of research that will be implemented 10 years from now. You just do not know. Nairaland might not be the best place (in your opinion) but Lucrabasi had an answer. Maybe the poster will now decide that that was not really want he was going for or maybe that might take him to the next level in his strategy of achieving his goal. Abeg chill.

8oracle:

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Olivetree idea of a past time is to chew bubble gum under alakpere t junction, all places to ask of idea and link of starting a microfinance bank becomes nairaland, good raddiance to Seun Osewa for bringing all manner of moltley crews.

Olivetree pls meet me at Ojuelegba bus stop, my grand-daughter will take you to Prof Chukwuma Soludo who lives at 1017 ijeshatedo bld, Sokoto

lets desist from these kinds of dream killing nigerian attitudes,this is what the western world dont have ehnce the reason we see sliced bread,kfc chicken e.t.c you dont have any iota of idea who the guy is,for all you know he might be a ble to afford the bills remember we are all anonymous here,the idea the guy has is actually a laudable one,i hope you realise that the man that started the whole idea of micro finance bank the indian man mohammad yunus started with about 20/25 poor village women giving them each less than 50 dollars.

Outstrip:

Thank you Lucrabasi for answering the man's question

you r welcome

please go to canbank.org the official CBN website, there u will find the regulatory and supervisory guidelines for microfinance banks in Nigeria and the microfinance policy available for download. ALL your questions will be answered by the documents

Hi olive Tree!

You might want to have a look at www.intellecash.com which provides end-to-end microfinance business solutions package for start up MFIs in India and Africa.

Regards,

Shiv

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