ACCION Microfinance Bank receives N50 million fund from Central Bank of Nigeria

Monday, November 10, 2014

ACCION Microfinance Bank, Nigeria’s leading microfinance bank, has received N50million from the Central Bank of Nigeria microfinance intervention – the Micro, Small and Medium Enterprises Development Fund (MSMEDF).

The MSMED Fund forms part of the CBN framework for developmental functions, which aims to promote financial inclusion in Nigeria through the provision of funding to micro-entrepreneurs.

Source: The Guardian - Nigeria (link opens in a new window)

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Accion, microcredit, microfinance