✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Firm launches platform for micro financing

The Microfinance Development Company Ltd (MDCL) has launched a liquidity platform to accelerate microfinance growth in the country. The Chief Executive Officer of MDCL, Obinna…

The Microfinance Development Company Ltd (MDCL) has launched a liquidity platform to accelerate microfinance growth in the country.

The Chief Executive Officer of MDCL, Obinna Onunkwo, disclosed this at a high-impact business forum for key stakeholders in the microfinance industry in Lagos recently.

The forum was themed, ‘The 21st Century MFB: Leveraging Technology to Drive Financial Inclusion in the MFB Industry’ and put together to address some of the critical challenges the microfinance industry was facing.

Onunkwo said: “The objective of creating a shared services platform for the industry has seen the MDCL enter into strategic partnerships with other companies to help them achieve their business goals.

“It is important for all microfinance banks to unite and speak with one voice, so we can have a voice in the bank committee meetings and be able to dictate policies that affect us as an industry.”

The Board Chairman of MDCL, Rogers Nwoke said: “Financial inclusion had been a struggle for a very long time, and we are yet to meet the targets set by the CBN in that regard. One reason for that was the absence of liquidity for microfinance banks.

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.