One example of an MFI that views microfinance as a platform and not a product is Grameen Bank. Established as a pilot project in 1976, Grameen Bank transformed into the world’s first commercial ...

That is, until she discovered Grameen Bank, one of the first microfinance institutions (MFIs), which set up shop in rural Bangladesh in the wake of the 1976 famine. In 1979, Grameen made Mufiya a ...

Presently, MFIs account for around 40% of the portfolio while the remainder is shared by banks, SFBs and NBFCs. The overall ...

When it was first introduced, many lauded microfinance as the solution ... The backlash began in 2007 when Mexican microfinance bank Banco Compartamos transformed itself from being a non-profit ...

The implementation of the Naira redesign and cashless policy in early 2023 did not come out of the blue for microfinance banks or indeed other operators in the financial sector in Nigeria. The Central ...