Posted by Tina on
The specific objectives of the microfinance policy are to: (a) Make financial services accessible to a large segment of the potentially productive Nigerian population which would otherwise have little or no access to financial services. (b) Provide synergy and mainstreaming of the informal sub-sector into the national financial system. (c) Enhance service delivery by microfinance institutions to micro, small and medium entrepreneurs (MSMEs). (d) Contribute to rural transformation by mobilizing savings. (e) Promote linkage programme between microfinance institutions (MFIs), Deposit Money Banks (DMBs), Development Finance Institutions (DFIs), specialized Funding institutions. (f) Create employment opportunities and increase the productivity and household income of the economically active poor in the country, thus enhancing their standard of living. (g) Promote a platform for microfinance service providers to network, exchange view and share experience.
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