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FINCA Microloan Program in
Nigeria Tops US$1M
By Cecilia Ibru
Camp Nageela Midwest
provides an exciting, enriching
summer experience for Jewish
youth.
Small business owners in
Nigeria received good news
this June when FINCA
Microfinance Bank Ltd.
announced that it had loaned
over $1 million during its first
six months of operation.
FINCA Microfinance Bank
Ltd.
● FINCA Microfinance Bank Ltd. is the newest
subsidiary of FINCA International, a nonprofit that
operates a network of small-scale financing
institutions serving over 2 million low-income
entrepreneurs across the globe.
● The Nigerian FINCA program opened for
business in December 2014, and since then, it
has provided hundreds of thousands of dollars in
small loans to entrepreneurs throughout the
country.
Nigeria
● Nigeria is a natural place for FINCA to
establish a presence in support of
entrepreneurship.
● The populous country is rich in natural
resources and is currently experiencing
phenomenal economic growth.
● Yet, over 70 percent of the population is
financially excluded, lacking access to the
basic banking services needed to establish
stable businesses in the modern world.
Bolstered Business
Activities
● To date, large numbers of rural and urban
Nigerian businesspersons have received the
capital to pursue a variety of micro-enterprise and
small business activities.
● Through the ongoing efforts of FINCA
Microfinance Bank Ltd., more and more people
are being encouraged to take part in the thriving
Nigerian economy and provide better lives for
their families and communities.

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FINCA Microloan Program in Nigeria Tops US$1M

  • 1. FINCA Microloan Program in Nigeria Tops US$1M By Cecilia Ibru
  • 2. Camp Nageela Midwest provides an exciting, enriching summer experience for Jewish youth. Small business owners in Nigeria received good news this June when FINCA Microfinance Bank Ltd. announced that it had loaned over $1 million during its first six months of operation.
  • 3. FINCA Microfinance Bank Ltd. ● FINCA Microfinance Bank Ltd. is the newest subsidiary of FINCA International, a nonprofit that operates a network of small-scale financing institutions serving over 2 million low-income entrepreneurs across the globe. ● The Nigerian FINCA program opened for business in December 2014, and since then, it has provided hundreds of thousands of dollars in small loans to entrepreneurs throughout the country.
  • 4. Nigeria ● Nigeria is a natural place for FINCA to establish a presence in support of entrepreneurship. ● The populous country is rich in natural resources and is currently experiencing phenomenal economic growth. ● Yet, over 70 percent of the population is financially excluded, lacking access to the basic banking services needed to establish stable businesses in the modern world.
  • 5. Bolstered Business Activities ● To date, large numbers of rural and urban Nigerian businesspersons have received the capital to pursue a variety of micro-enterprise and small business activities. ● Through the ongoing efforts of FINCA Microfinance Bank Ltd., more and more people are being encouraged to take part in the thriving Nigerian economy and provide better lives for their families and communities.