Exclusion of Conventional Commercial Banks from Establishing Micro-finance Banks

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Microfinance > Forum > Exclusion of Conventional Commercial Banks from Establishing Micro-finance Banks

Exclusion of Conventional Commercial Banks from Establishing Micro-finance Banks
Nwagbosoh, Isaac, Management Consultant, Nigeria, Member
The establishment of micro-finance banking institutions is a welcome development, but I suggest that the Central Bank of Nigeria (C.B.N.) should forbid/exclude existing commercial banking institutions in Nigeria from establishing, owning and operating these institutions. This, apart from really addressing the needs of the targeted rural populace, I think would help in developing micro-financing operations as a sub-sector within the banking industry. (...) Read more? Sign up for free
 

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Micro Finance and Commercial Banks
Theurimwangi, Kenya, Member
In Kenya the micro finance concept has grown to a level where one of the pioneer micro finance (Equity Bank) converted to a commercial bank. However despite its conversion to a bank it has maintained minimal barriers to entry and has continued to attract the previously unbanked Kenyans. It is now the leading bank in terms of bank accounts, ahead of many multinational banks. The equity concept has led to the big banks to go back to the rural seeking out for the rural populations where they had divested. My point is that the microfinance concept does not not only help the poor to earn a living but will influence the bigger banks to rethink their approach and strategies as well.
 

 
Are Microfinance Institutions Playing Their Role?
ELLIOTT S N, Student (MBA), Cameroon, Member
(...)
 

 
Exclude Conventional Banks from Microfinance
Edward Onipede, Manager, United Kingdom, Member
(...)
 

         
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