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What is Microfinance Bank (MFB)?

April 26, 2017Bank mfb microfinance

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What is Microfinance Bank (MFB)?

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Microfinance bank is any company licensed by the Central Bank of Nigeria (CBN) to carry on business of providing microfinance services such as savings, loans, domestic funds transfer, and other financial services that are needed by the economically active poor, micro, small and medium enterprises to conduct or expand their businesses as defined in the guideline for MFB in Nigeria..