Transcription of MICROFINANCE POLICY REGULATORY AND …
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MICROFINANCE POLICY REGULATORY AND …
CENTRAL BANK OF NIGERIA MICROFINANCE POLICY FRAMEWORK FOR NIGERIA REVISED APRIL 29, 2011 TABLE OF CONTENTS LIST OF ..3 4 OVERVIEW OF MICROFINANCE ACTIVITIES (2006 2010) .. JUSTIFICATION FOR MICROFINANCE POLICY .. 7 Weak Institutional 7 Absence of Technological Weak Capital 7 3. 4 The Existence of a Huge Un-Served . 7 3. 5 Poor Banking Culture and Low level of Financial 8 3. 6 Economic Empowerment of the Poor .. 83. 7 The Need for Increased Savings 8 3. 8 The Increasing Interest of Local and International Investors in 9 3. 9 Urban Bias in Banking Services .. THE MICROFINANCE 9 POLICY POLICY 10 POLICY Strategies.
2.1 The microfinance industry in Nigeria had been confronted by numerous challenges since the launch of the Microfinance Policy Framework in
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