Cankerworms in Microfinance Institutions Finally Checkmated Tunde Raji - September 17, 2017

It is no more news that redundant performances of marketers and field officers in microfinance institutions across the globe have been checkmated through mobile financial technology. The good news is ...

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Microfinance Banks Should Have Access To Wholesale Funds – Rogers Nwoke Tunde Raji - September 13, 2017

The newly elected president of the National Association of Microfinance Banks (NAMB) and chief executive officer of Hasal Microfinance Bank, Rogers Augustine Nwoke, in this interview with BAYO AMODU, ...

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Measuring Delinquency In MicroFinance Institutions Tunde Raji - May 18, 2017

MicroFInance Institution’s portfolio is the largest and most important asset, but it is held outside the institution, in the borrowers’ hands. There is a certain level of risk inherent in any port...

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Central Bank of Nigeria Suspends Cashless Policy Tunde Raji - April 24, 2017

The Central Bank of Nigeria (CBN) has suspended its earlier directive on the implementation of cashless policy.   In a circular released on Friday, the apex bank instructed banks to revert ...

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Over-Indebtedness in Microfinance – Who Should Bear the Risk? Tunde Raji - March 27, 2017

Over the four decades since the development of the original microcredit methodology, the poor have been declared bankable – and increasingly even profitable bank clients.   While microfin...

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Four Common Features of Emerging Digital Credit Offerings Tunde Raji - March 27, 2017

In recent years, digital credit has emerged as a new product offering at the digital finance frontier, drawing attention from all players across the digital financial services ecosystem. Defined along...

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Measuring Financial Viability Of Microfinance Institution Tunde Raji - February 26, 2017

According to CGAP, measuring financial viability of MicroFinance Institution involves considering the real, not subsidized profit (or loss) of that institution. Generally, financial statements do not ...

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Reading Financial Statements Of MicroFinance Institution Tunde Raji - February 16, 2017

A Balance Sheet and an Income Statement provide the basic financial information about microfinance institution and its activities. Together, they report on the financial position of the institution a...

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CBN Barred Transactions of Virtual Currencies In Nigeria Financial Institutions Tunde Raji - January 19, 2017

The Central Bank of Nigeria (CBN) has barred deposit money banks and all other financial institutions from transacting in any form of virtual currency.   It was disclosed in a circular by t...

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Point Of Sale (POS) – a Veritable Tool for Deposits Mobilizers of MicroFinance Banks Tunde Raji - January 11, 2017

  In this era of cashless society, banking transactions have gotten a leap. In modern banking, Microfinance Banks customers are issued customized prepaid debit card for the purposes of cash pa...

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Cash Advance through Mobile App Technology for Micro businesses Tunde Raji - June 2, 2016

Innovation has come to the fore of microfinance business with the introduction of Cash Advance product through mobile app technology to Small and Medium Enterprise as a result of 80% decline rate in l...

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Challenges In Operation Dept of Microfinance Banks Tunde Raji - June 2, 2016

Having spent over five years in the microfinance bank industry, I have observed a few key challenges in operations department of microfinance banks in Nigeria. It is pertinent to mention that opera...

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Risks Inherent in Microfinance Bank Tunde Raji - June 2, 2016

In every organization, risks cuts across all board but measures taken in managing risks is worthy of note. Hence, risks in microfinance banks cannot be over-emphasized. While some risks are avoidable,...

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Solid Handshake between Business Development & Marketing in Microfinance Bank Tunde Raji - June 2, 2016

There is need for symbiotic relationship between business development and marketing in order to enhance performance and productivity.  Effective Relationship management between the two offices is key...

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Bottleneck in Credit Facility of Microfinance Bank Tunde Raji - June 2, 2016

My focal point on this subject is based on my personal experience when I urgently needed cash loan for personal use. I was privileged to approach several microfinance banks within Lagos state for cash...

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Complying with Regulatory Authorities of Microfinance Banks Tunde Raji - June 2, 2016

Regulatory authorities of microfinance banks in Nigeria comprises of Central Bank of Nigeria, Nigeria Deposit Insurance Corporation, Federal & State Internal Revenue Service, Economic Financial Cr...

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