Problems And Prospects Of Microfinance Banks

INTRODUCTION A microfinance institution is a semi formal organization. It can be non government al or community development initiative. It is a subset of flexible structures and system which provide a wide range of financial and saving needs of small scale enterprises in developing countries where top town formal financial institutions have failed to address the credit need off the real sector of the economy.  The Nigeria microfinance institution have come along way,  a central bank study has identified as at 2001, 160 registered microfinance institutions in Nigeria with aggregate savings wor…