According to the Governor, the state borrowed N2bn from the CBN and deposited it with the Osun State
micro finance Bank for the people to assess at free interest.
The Governor said the approach of his administration is to strengthen the informal sector, which is: the Micro, Small and Medium Enterprises (MSME) under which micro-credit funds are disbursed via
micro finance banks to qualifying cooperative groups.
Not exact matches
Recent calls by the Anlodukor on President Mahama to ensure that jobs are available for the teeming youths of the area to do, has caused some to say the NDC is losing grounds in the Volta region which is a possible sign of the region fast becoming a «
micro finance institute» instead of the «world
bank» as the region is noted for.
«How can a whole
Bank of Ghana not pay attention to these
micro finance companies in the country and allow a big issue to come up before reacting to it.
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In order to promote
micro insurance products, the
Finance Minister said, all categories of
Banking Correspondents may be allowed to sell such products.
This is a
bank that provides loans at very low interest rates to several
micro finance institutions across the country which upon receiving such loans provide
micro finance to MSME's.
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