Nigeria: Loan default rates lowest in microfinance banks - Re-emerging World

Nigeria: Loan default rates lowest in microfinance banks

January 28, 2013

Ankur Sohanpal

According to the COO of Fortis Microfinance Bank Plc, despite massive non-performing loan portfolios bearing down on the financial institutions in the country, microfinance banks have been enjoying the highest loan repayment rates – as high as 98 per cent. Read more here.

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