MICROFINANCE POLICY-OBJECTIVES
On the 15th December 2005, the Microfinance Policy, Regulatory and Supervisory Framework was launched by CBN to create a sustainable Vehicle for the provision of microfinance to millions of active poor all over Nigeria who do not have access to finance from the formal financial sector.
The specific objectives of this microfinance policy are the following:
1) Make financial services accessible to a large segment of the potentially productive Nigeria population which otherwise
would have little or no access to financial services.
2) Promote synergy and mainstreaming of the informal sub-sector into the national financial system.
3) Enhance service delivery by microfinance institutions to micro, small and medium entrepreneurs.
4) Contribute to rural transformation.
5) Promote linkage programmes between universal\development banks, specialized institutions and microfinance banks.
Edo Microfinance Bank is determined to reach out to the extremely poor, remote rural villages and agricultural communities in fulfillment of the above microfinance objectives of the Central Bank of Nigeria. |
