The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), a government agency administering assistance programs for small businesses, has made an announcement with the Microfinance Banks Association of Nigeria, an organization of Nigerian microfinance institutions (MFIs), that the two bodies will develop a team strategy for executing microfinance business in Nigeria. While the MFIs within the Microfinance Banks Association will continue to provide the capital necessary for micro loans to clientele, SMEDAN will assist by providing instructional services to MFIs’ borrowers. SMEDAN will educate microfinance clients on entrepreneurial skills as well as provide vocational training within clients’ respective industries.The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), a government agency administering assistance programs for small businesses, has made an announcement with the Microfinance Banks Association of Nigeria, an organization of Nigerian microfinance institutions (MFIs), that the two bodies will develop a team strategy for executing microfinance business in Nigeria. While the MFIs within the Microfinance Banks Association will continue to provide the capital necessary for micro loans to clientele, SMEDAN will assist by providing instructional services to MFIs’ borrowers. SMEDAN will educate microfinance clients on entrepreneurial skills as well as provide vocational training within clients’ respective industries.
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[…] MICROCAPITAL STORY: Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Microfinance Banks Association of Nigeria Partner Together in Nigeria’s Microfinance Sector, August 1, 2010 https://www.microcapital.org/microcapital-story-small-and-medium-enterpri… […]