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Does Microfinance Bank Really Help Business. - Business - Nairaland

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Does Microfinance Bank Really Help Business. by Aleofolk(m): 10:30am On Apr 01, 2017
The evolvement of microfinance banks in Nigeria have overtime stabilised and well stimulated into the business and banking industry. Numerous MFBs have been registered and operating in Nigeria with different mode of operations, services and charges. Though they are all regulated by the CBN. Businesses have been able to expand and survive the harsh economy with the help of these services. However, most businesses have collapsed as a result of these funds, affecting both the business and the bank(overindebtedness) Poor planning, fund diversion and mismanagement of fund have plagued loan servicing. Proper advice and assitance is essential for business growth and leveraging on strength of the business. For loan and advice, call 08179003940. Israel (within lagos)
Re: Does Microfinance Bank Really Help Business. by pastor24: 10:46am On Apr 01, 2017
Most SMEs in Nigeria are moving to Union Bank in their numbers. Union Bank savings accounts offers the highest interest rates and other mouth watering offers. Move over to the Simpler Smarter Banking Life.
Aleofolk:
The evolvement of microfinance banks in Nigeria have overtime stabilised and well stimulated into the business and banking industry. Numerous MFBs have been registered and operating in Nigeria with different mode of operations, services and charges. Though they are all regulated by the CBN. Businesses have been able to expand and survive the harsh economy with the help of these services. However, most businesses have collapsed as a result of these funds, affecting both the business and the bank(overindebtedness) Poor planning, fund diversion and mismanagement of fund have plagued loan servicing. Proper advice and assitance is essential for business growth and leveraging on strength of the business. For loan and advice, call 08179003940. Israel (within lagos)
Re: Does Microfinance Bank Really Help Business. by Aleofolk(m): 11:37am On Apr 01, 2017
Well, what some business need is advice on how to coordinate and plan and not just act or invest without proper knowledge.
pastor24:
Most SMEs in Nigeria are moving to Union Bank in their numbers. Union Bank savings accounts offers the highest interest rates and other mouth watering offers. Move over to the Simpler Smarter Banking Life.

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