At the Lagos State Conference on Credit Awareness, Credit Awareness Nigeria, a nonprofit organization which aims to promote financial literacy, recently called on banks to provide low-income groups with better access to financial services.
Participants in the conference argued that banks should make use of the local network of cooperatives to disburse financial products and also to use terms that can be are more easily understood.
About Credit Awareness Nigeria:
Credit Awareness Nigeria is a nonprofit organization based in Nigeria that aims to promote financial literacy and credit awareness among low-income groups. The organization launched a Credit Awareness campaign in 2010 that brings together microfinance institutions (MFIs), financial sector development organizations and regulators to educate consumers about financial services.
By Trevor Kwong, Research Assistant
Sources and Additional Resources:
[1] Nigerian Compass: Credit Takers Task Banks, Government Over Micro Credit Regime
http://www.compassnewspaper.com/NG/index.php?option=com_content&view=article&id=67145:credit-takers-task-banks-government-over-micro-credit-regime-&catid=11
[2] MicroCapital Universe: Credit Awareness Nigeria
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Credit+Awareness+Nigeria
Browse the MicroCapital Universe and add your entry to the wiki at https://www.microcapital.org/microfinanceuniverse/tiki-index.php
Similar Posts:
- MICROFINANCE EVENT: Navigating the Future of Impact Investing in Asia; May 9, 2023; Hong Kong, China
- MICROFINANCE PAPER WRAP-UP: “Financial Inclusion in Niger: Challenges and Opportunities,” by Yoro Diallo et al, Published by IMF
- MICROCAPITAL BRIEF: Fintech Robos, General Arab Insurance Federation (GAIF) Partner on Events Promoting Financial Literacy, Savings, Social Insurance, Pensions
- MICROFINANCE EVENT: FinovateFall; September 11-13, 2023; New York, NY, USA
- MICROFINANCE EVENT: Sanabel’s 16th Annual Conference; November 21-22, 2023; Dead Sea, Jordan – POSTPONED
