Microfinance is a key financial instrument and strategy in addressing the unique needs of the unbanked population. It has recently gained traction in the country as a result of its poverty alleviation potential and the profit at the bottom of the pyramid.

But it is very far from the grassroot. It could begin by promoting grassroot enlightenment and awareness campaigns especially in helping the poor access finance and getting into the formal sector.
read more and be the first to comments :http://businessnews.com.ng/2011/11/18/micro-finance-deepening-the-grassroot-reach/