Microfinance Banks in Nigeria
GPTKB entity
Statements (52)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
Financial Institution Category
|
| gptkbp:canAcceptDeposits |
Yes
|
| gptkbp:canGrantLoans |
Yes
|
| gptkbp:cannotEngageIn |
foreign exchange transactions
insurance underwriting international trade finance leasing activities real estate activities |
| gptkbp:challenge |
gptkb:legislation
infrastructure deficit fraud and cybercrime high default rates limited capital base |
| gptkbp:contributedTo |
financial inclusion
job creation rural development poverty alleviation women empowerment |
| gptkbp:example |
gptkb:AB_Microfinance_Bank
gptkb:Accion_Microfinance_Bank gptkb:Addosser_Microfinance_Bank gptkb:Fina_Trust_Microfinance_Bank gptkb:LAPO_Microfinance_Bank |
| https://www.w3.org/2000/01/rdf-schema#label |
Microfinance Banks in Nigeria
|
| gptkbp:introducedIn |
2005
|
| gptkbp:license |
gptkb:National_Microfinance_Bank
gptkb:State_Microfinance_Bank gptkb:Unit_Microfinance_Bank |
| gptkbp:memberSchool |
over 900
|
| gptkbp:minimumInvestment |
N1 billion for State MFB
N200 million for Unit MFB N5 billion for National MFB |
| gptkbp:offersService |
microloans
microinsurance savings accounts payment services |
| gptkbp:purpose |
Support micro, small, and medium enterprises
Provide financial services to low-income individuals |
| gptkbp:regulates |
gptkb:Central_Bank_of_Nigeria
gptkb:Microfinance_Policy,_Regulatory_and_Supervisory_Framework_for_Nigeria |
| gptkbp:relatedGroup |
rural communities
women entrepreneurs unbanked population |
| gptkbp:subject |
CBN guidelines on interest rates
CBN guidelines on loan recovery CBN guidelines on risk management CBN periodic examination NDIC deposit insurance |
| gptkbp:supportedBy |
gptkb:Nigerian_government
international development agencies |
| gptkbp:bfsParent |
gptkb:CBN
|
| gptkbp:bfsLayer |
6
|