MSMEDF: Viable loan source for your SME small business in Nigeria
(755 reads) See also ► What viable business can I start with N100k in Nigeria? ► 5 Habits for Thriving as a Small Business Owner in Nigeria's Economy
Two years ago, the Central Bank of Nigeria (CBN) introduced the MSMEDF and set guidelines to direct low-yielding funds to MSMEs through participating financial institutions to improve their access to financial services.
These guidelines are set for new businesses, business growth, and reviving struggling companies, and they align with the provisions of the Banks and Other Financial Institutions Act (BOFIA (1991) and the principl…
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