The Impact Of Microfinance Banks In Stimulating The Banking Habit Of Rural Dwellers In Nigeria

67 pages Chapters 5 ID: ACC1003

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DepartmentAccounting
TypeProject
Pages67
Chapters5
FormatMS Word & PDF
Reference No.ACC1003

Abstract

 INTRODUCTION The Central Bank of Nigeria in December 2005 published regulatory and supervisory framework for the regulation of microfinance banks and mandated all community banks operating in the country to submit to it plans for conversion latest by September 30th, 2006 and to finally convert latest 31stDecember, 2007.   The practice of microfinance banking in Nigeria is culturally rooted and dated bank to several centuries. The traditional microfinance institution provides access to credit for the rural and urban dwellers and low income earners. They are mainly of the informal Self Help Gro…

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