«Home

What Do I Need To Start A Microfinance Bank?

Can someone pls tell me the requirements for starting a microfinance bank, or perhaps give me a link to where i can get all the details.

Thanks

Avatar
Newbie
8 answers

please go to canbank.org the official CBN website, there u will find the regulatory and supervisory guidelines for microfinance banks in Nigeria and the microfinance policy available for download. ALL your questions will be answered by the documents

0
Avatar
Newbie

8oracle I don't see your point. Every business idea starts somewhere. This might be the beginning of research that will be implemented 10 years from now. You just do not know. Nairaland might not be the best place (in your opinion) but Lucrabasi had an answer. Maybe the poster will now decide that that was not really want he was going for or maybe that might take him to the next level in his strategy of achieving his goal. Abeg chill.

0
Avatar
Newbie

Hi olive Tree!

You might want to have a look at www.intellecash.com which provides end-to-end microfinance business solutions package for start up MFIs in India and Africa.

Regards,

Shiv

0
Avatar
Newbie

Olivetree idea of a past time is to chew bubble gum under alakpere t junction, all places to ask of idea and link of starting a microfinance bank becomes nairaland, good raddiance to Seun Osewa for bringing all manner of moltley crews.

Olivetree pls meet me at Ojuelegba bus stop, my grand-daughter will take you to Prof Chukwuma Soludo who lives at 1017 ijeshatedo bld, Sokoto

0
Avatar
Newbie

Thank you Lucrabasi for answering the man's question

0
Avatar
Newbie

iknow that you have to be a multi millionaire,thats for sure,and i know that every micro finance bank in nigeria are required to have a minimum reserve of 20million so if you have 20million cold hard cash,then think of the required lincenses,securing a befitting building lease in a nice location,staff cars,qualified staffs e.t.c

0
Avatar
Newbie

Mid night hallucination in your head, check into a nearby headshrinker in your neigbhorhood.

0
Avatar
Newbie

what really interest you to ask this question?

what are your qualufications that will prompt you to this?

Is it your dream?

0
Avatar
Newbie
Your answer
Add image

By posting your answer, you agree to the privacy policy and terms of service.