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Taking stock of the Nigerian microfinance banking sector: lessons from an assessment of 25 MFBs in five states

Ulrich, Steffen and Hoback, Brock (2014) Taking stock of the Nigerian microfinance banking sector: lessons from an assessment of 25 MFBs in five states. Enterprise Development and Microfinance, 25 (2). pp. 116-134. ISSN 1755-1978

Full text not available from this repository.
Identification Number: 10.3362/1755-1986.2014.012

Abstract

Microfinance practices in Nigeria are unique relative to other countries. Although NGO-microfinance institutions are present, regulated, deposit-taking microfinance banks (MFBs) dominate the landscape. With roughly 870 MFBs licensed by the Central Bank of Nigeria, the microfinance banking sector is large but still quite young - established in 2005. It was within this environment that the GIZ 'Pro-poor Growth and Promotion of Employment in Nigeria (SEDIN)' programme commenced a CAMEL & Social Performance Management (SPM) rating of 25 MFBs in five states. The results of the rating provided excellent holistic insight into the current practices of Nigerian MFBs and displayed a number of curious, at times worrying, trends within the sector. Subsequently, this stock-taking paper attempts to discuss what key policy implications may resonate from these findings.

Item Type: Article
Official URL: http://practicalaction.metapress.com/
Additional Information: © 2014 Practical Action Publishing
Divisions: LSE
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HN Social history and conditions. Social problems. Social reform
JEL classification: D - Microeconomics > D1 - Household Behavior and Family Economics > D14 - Personal Finance
G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets
Date Deposited: 18 Jul 2014 09:46
Last Modified: 20 Jan 2020 05:27
URI: http://eprints.lse.ac.uk/id/eprint/57720

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