Call Us Today: or Call or for any enquiries. The study sought to appraise the effect of interest rate on loan repayment in microfinance institutions. Lapo Micro Finance Bank, a microfinance institution in Ikot Abasi was used as a case study for the study.
The review will firstly summarize the article. Secondly, it will briefly define the main purposes of the article. Thirdly, it will analyze the effectiveness of the structure, considering how the information is set out and whether. Although these are arduous tasks, several of these goals are being accomplished with the help of great ideas and well executed planning. Microfinance is one of the great.
On microfinance’s identity crisis: The commercializing trend
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Ultimately, the goal of microfinance is to give impoverished people an opportunity to become self-sufficient. As a result, many look for help from family, friends and even loan sharks, who often charge exorbitant interest rates. Microfinance allows people to safely take on reasonable small business loans in a manner that is consistent with ethical lending practices.