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.
The HJ Foundation was created in 2016 by prominent businessman Harish Jagtani to improve living conditions in the Democratic Republic of Congo through various social projects. The foundation's goal is to help the country's large underprivileged population across its 2.3 million square kilometer area through initiatives focused on health, education, housing, infrastructure, and agriculture. It is based in Kinshasa and strives to contribute to overall development in the DRC.
Nigerians Choose New Leadership in Largely Untroubled ElectionCecilia Ibru
The recent elections in Nigeria saw the All Progressives Congress party defeat the incumbent People's Democratic Party. The results were close, with APC winning by about 2.5 million votes. While there were some issues, observers viewed the election as generally free and fair. The outgoing president conceded defeat by phone and urged his supporters to accept the results, which was praised and helped prevent potential unrest over the close outcome.
Cambridge-Hitachi "Penpals" Helps Parents Help Their Children Cecilia Ibru
A new handwriting resource called Penpals at Home was published by Cambridge-Hitachi to help children ages 3 to 5 learn handwriting skills with confidence. The series includes two books and a free app that uses smartphone technology, such as scanning codes with a device to access additional content. The books and app aim to support parents in helping their children learn the style of handwriting used in schools through colorful exercises, letter formation introductions, and other tools that bring handwriting to life on screen.
Michael and Cecilia Foundation Adopts Songhai Model for AgricultureCecilia Ibru
The Michael and Cecilia Foundation (MCF) seeks to empower Nigeria through initiatives in education, public health, vocational rehabilitation, and improving food security by introducing innovative agricultural practices to rural communities. MCF has adopted the model used by Songhai Centre for rural growth in Africa. Songhai Centre, established by Father Godfrey Nzamujo, is a United Nations Regional Centre of Excellence that promotes agricultural education and prosperity in 15 African nations through training farmers in new techniques and technologies while encouraging entrepreneurship.
Rockefeller Foundation’s Workshift Seeks to Transform Job LandscapeCecilia Ibru
The Rockefeller Foundation launched the Workshift campaign on August 14, 2015 in partnership with Purpose to transform the national discussion around good jobs in America. Workshift seeks to engage workers, employers, and leaders to define the attributes of desirable jobs and strategies to create more of them by drawing directly from the insights of American workers. The goal is to establish a new standard for good employment that focuses on workers' needs, experiences, and values to strengthen both communities and businesses. The Rockefeller Foundation kicked off the campaign with public events across the US encouraging participants to share what matters most to them in a job.
Msme projects sponsored by the world bankCecilia Ibru
The World Bank supports micro, small, and medium enterprises (MSMEs) in developing countries through various projects that improve access to finance. These projects include the MSME Finance Facility in Tunisia, the Financial Sector Technical Assistance Project in Africa, and the SME Finance Initiative which connects banks in underserved markets to financing and advisory support to help establish business opportunities and economic growth.
The document discusses the different types of articles in English grammar - definite and indefinite articles. The indefinite articles are "a" and "an", which are used with singular count nouns to indicate an unspecified member of a class. The rules for using "a" versus "an" depend on whether the following word begins with a vowel or consonant sound. The definite article "the" specifies a particular noun and has several rules for its use outlined in the document. Examples are provided to illustrate the rules for articles.
The HJ Foundation was created in 2016 by prominent businessman Harish Jagtani to improve living conditions in the Democratic Republic of Congo through various social projects. The foundation's goal is to help the country's large underprivileged population across its 2.3 million square kilometer area through initiatives focused on health, education, housing, infrastructure, and agriculture. It is based in Kinshasa and strives to contribute to overall development in the DRC.
Nigerians Choose New Leadership in Largely Untroubled ElectionCecilia Ibru
The recent elections in Nigeria saw the All Progressives Congress party defeat the incumbent People's Democratic Party. The results were close, with APC winning by about 2.5 million votes. While there were some issues, observers viewed the election as generally free and fair. The outgoing president conceded defeat by phone and urged his supporters to accept the results, which was praised and helped prevent potential unrest over the close outcome.
Cambridge-Hitachi "Penpals" Helps Parents Help Their Children Cecilia Ibru
A new handwriting resource called Penpals at Home was published by Cambridge-Hitachi to help children ages 3 to 5 learn handwriting skills with confidence. The series includes two books and a free app that uses smartphone technology, such as scanning codes with a device to access additional content. The books and app aim to support parents in helping their children learn the style of handwriting used in schools through colorful exercises, letter formation introductions, and other tools that bring handwriting to life on screen.
Michael and Cecilia Foundation Adopts Songhai Model for AgricultureCecilia Ibru
The Michael and Cecilia Foundation (MCF) seeks to empower Nigeria through initiatives in education, public health, vocational rehabilitation, and improving food security by introducing innovative agricultural practices to rural communities. MCF has adopted the model used by Songhai Centre for rural growth in Africa. Songhai Centre, established by Father Godfrey Nzamujo, is a United Nations Regional Centre of Excellence that promotes agricultural education and prosperity in 15 African nations through training farmers in new techniques and technologies while encouraging entrepreneurship.
Rockefeller Foundation’s Workshift Seeks to Transform Job LandscapeCecilia Ibru
The Rockefeller Foundation launched the Workshift campaign on August 14, 2015 in partnership with Purpose to transform the national discussion around good jobs in America. Workshift seeks to engage workers, employers, and leaders to define the attributes of desirable jobs and strategies to create more of them by drawing directly from the insights of American workers. The goal is to establish a new standard for good employment that focuses on workers' needs, experiences, and values to strengthen both communities and businesses. The Rockefeller Foundation kicked off the campaign with public events across the US encouraging participants to share what matters most to them in a job.
Msme projects sponsored by the world bankCecilia Ibru
The World Bank supports micro, small, and medium enterprises (MSMEs) in developing countries through various projects that improve access to finance. These projects include the MSME Finance Facility in Tunisia, the Financial Sector Technical Assistance Project in Africa, and the SME Finance Initiative which connects banks in underserved markets to financing and advisory support to help establish business opportunities and economic growth.
The document discusses the different types of articles in English grammar - definite and indefinite articles. The indefinite articles are "a" and "an", which are used with singular count nouns to indicate an unspecified member of a class. The rules for using "a" versus "an" depend on whether the following word begins with a vowel or consonant sound. The definite article "the" specifies a particular noun and has several rules for its use outlined in the document. Examples are provided to illustrate the rules for articles.
Emerging african middle class spurs growth in consumer sectorCecilia Ibru
Emerging African Middle Class Spurs Growth in Consumer Sector
The rapidly growing African middle class, estimated at 370 million people or one-third of the continent's population, has increased consumer demand across sectors like retail, travel, and technology. This emerging consumer market has attracted more business and investment opportunities in Africa and caused a shift from commodities to consumer markets. As families transition out of poverty, their spending on items such as cell phones has risen significantly. Nigeria is expected to lead the growth of Africa's middle class, projected to be home to 7.6 million new middle-class households by 2030.
This document discusses articles in the English language. It begins by explaining that articles are a type of determiner and introduce nouns. While articles may seem simple, they can be difficult for some language learners. It then defines articles as words used before nouns to indicate definiteness or specificity. The main types of articles are indefinite (a, an) and definite (the). The document provides rules and examples for using indefinite and definite articles in English. It concludes by noting some situations where articles are not used.
The Michael and Cecilia Ibru Foundation (MCF) has spearheaded a number of educational projects, including several demonstration schools that aim to present students with a range of opportunities to grow intellectually, socially, and culturally. This goal is accomplished largely through the use of highly child-focused instructional techniques that promote critical thinking skills, such as the Montessori Method.
Committed to ensuring that a lack of resources does not prevent young Nigerians from pursuing higher education, the Michael and Cecilia Ibru University (MCIU) recently announced that it would make 150 new scholarships available to students for the coming academic year.
The Educational Benefits of Interactive WhiteboardsCecilia Ibru
Cambridge-Hitachi develops innovative educational outreach programs and resources for primary schools in the UK. They deliver most programs online for convenience and customization, and create resources to be used via interactive whiteboards, a technology now adopted by most UK schools. Interactive whiteboards allow students and teachers to use a computer by simply touching or writing on the board. They facilitate classroom engagement by letting students interact with concepts, as pupils are more comfortable presenting in front of others with technological assistance. Teachers also find whiteboards enhance understanding by clearly illustrating complicated points.
This is a simple presentation about microfinance and important of it in developing country. I briefly described about service and impact of it.
I prepared it to present in university.
University of Economics in Katowice, Poland.
Suman Bhattarai (Nepal)
Microfinance Banking and Development of Small Business in Emerging Economy: N...iosrjce
The research study examines the Microfinance Banking and Development of Small Business in
emerging economy: Nigerian Approach. The Microfinance Banks (MFBs) serve as an engine through which
economic industrial development subsists in Nigeria. MFBs have been involved in the promotion, growth and
development of the informal sector and remains heralded strategy for industrial development in emerging
economies including Nigeria. The primary source of data was adopted via questionnaire and oral interview. A
simple regression was used to address the responses of the respondents gathered though the questionnaire in
order to derive logical conclusion for the study. It was however established that MFBs have the capacity to
boost economic development in Nigeria through the support of government agency (CBN) to keep them tracked
and to be focused on the objectives for which they were established. Also, the reviewing and refining of the
National Microfinance development Strategy Policy for MFBs in Nigeria is remarkable and commendable. The
paper further recommends that MFBs’ operations should be continuously be monitored by the regulatory
agency (CBN) in order to adequately address the gap in terms of credit, savings and other financial services
required by the micro entrepreneurs. The latent capacity of the poor for entrepreneurship would be significantly
enhanced through the provision of microfinance services to enable them engage in economic activities and be
more self-reliant, increase employment opportunities, enhanced household income,create wealth etc.
This document contains a business plan for DevCap Microfinance Bank. It summarizes the market opportunity in Nigeria where over 70% of the population is classified as poor and over 40% live below the poverty line, yet traditional banks do not serve micro-enterprises due to perceived high costs and risks. DevCap MFB aims to fill this gap by providing financial services including microloans, savings products, and business support to low-income entrepreneurs and farmers. The plan analyzes the competitive landscape of microfinance in Nigeria and Lagos state, identifying over 200 microfinance banks operating in the region but with limited rural reach. It also profiles the characteristics of potential microfinance customers including financial exclusion rates, literacy, sources of income,
This document discusses Islamic microfinancing in Nigeria. It provides background on Nigeria's population, economy, and existing microfinancing schemes. Existing community banks and NGO microfinance programs licensed by the Central Bank of Nigeria have had over 40% failure rates. The document outlines efforts to expand microfinancing through various government programs in the past. It discusses the Central Bank of Nigeria's new guidelines for non-interest Islamic microfinance banks and some pilot programs. Key issues facing Islamic microfinancing include lack of infrastructure, skilled labor, and awareness. However, there are also opportunities due to government support, the large informal sector and agricultural industry, and a ready market among Nigeria's Muslim population. Overall, Islamic microfinancing shows strong
Islamic microfinance prospect and challenges in west africaJubril Salaudeen
This document discusses the prospects and challenges of introducing Islamic microfinance banks in West Africa. It explores the large unbanked population in the region, estimated at over 300 million people, representing a significant market opportunity for Islamic microfinance institutions. However, several challenges could inhibit their growth, including unstable governments, lack of infrastructure, and socio-cultural misconceptions. With capacity building, improved infrastructure, and financial literacy training, Islamic microfinance could help reduce poverty and inequality while fueling economic development across West Africa.
Microfinance banks and entrepreneurship development in nigeriaAlexander Decker
This document summarizes a study that examined the impact of microfinance banks on entrepreneurship development in Nigeria, using Ogun State as a case study. The study found a positive relationship between microfinance and entrepreneurship, showing that microfinance contributes to entrepreneurial activities and sustainable development. It was found that microfinance institutions play an important role in determining entrepreneurial productivity and economic growth in Nigeria. The study recommends that monetary authorities and microfinance institutions improve access to financing for entrepreneurial activities in order to promote further economic growth, employment, and poverty reduction.
Kiva is an online platform that connects microfinance institutions (MFIs) to individual social investors around the world. It allows MFI partners to raise capital from lenders at 0% interest. Kiva has provided over $95 million to MFIs partners in 49 countries. It has 500,000 individual lenders from over 150 countries who each loan an average of $120. Kiva is working towards being fully self-sufficient within 5 years through user tips on loans, interest from funds, and donations. It sees opportunities to connect US entrepreneurs to funding as well by increasing awareness of microfinance needs.
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing F...AfricaChinaUrbanInitiative
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing Finance in Africa ", Kecia Rust 07/30/2012
http://urban-africa-china.angonet.org/content/theme-2-financing-social-housing
Problems of microcredit among microenterprises in nigeriaAlexander Decker
1. This study assessed the problems of microcredit among microenterprises in Nigeria and aimed to provide recommendations. It found that problems of microcredit have significant negative effects on the performance of microenterprises.
2. The study was conducted in Aba, Nigeria, which has a high concentration of microenterprises. Data was collected through questionnaires and interviews and analyzed using statistical tests.
3. Key problems identified included lack of access to financing due to lack of banking relationships, financial records, and acceptable collateral. High interest rates, slow bank support, and lack of venture capital funding were also issues.
The document outlines key achievements of the Federal Ministry of Youth Development in Nigeria under Minister Boni Haruna. It allocated N1.2 billion to implement the Youth Employment Programme, deployed N200 million to enhance youth capacity in agriculture, and earmarked N18 million in the 2013 budget to train Nigerian youths in international organizations. It also created a virtual youth development resource center, inaugurated the Nigerian Youth Parliament, and launched the Youth Enterprise With Innovation in Nigeria programme. In addition, it honored 52 outstanding National Youth Service Corps members with presidential awards, employment opportunities, and scholarships for masters and doctorate degrees.
Financial Inclusion Capital for the Underserved - by Bunmi LawsonThe Kingdom Summit
The document discusses financial inclusion in Nigeria and initiatives to expand access to financial services. It provides statistics showing that over 36 million Nigerian adults remain financially excluded. Reasons for exclusion include irregular income, lack of employment, and long distances to access points. The Central Bank of Nigeria's target is to reduce the financial exclusion rate to 20% by 2020. The document also describes Accion Microfinance Bank and the financial products and loan services they provide to micro and small businesses. Requirements for loans include having a business for at least 12 months and presenting identification documents.
Microfinance involves providing small amounts of credit, savings, and insurance services to the poor. The concept originated in the 1970s when Dr. Muhammad Yunus lent money without collateral to groups of poor women in Bangladesh, achieving a 98% repayment rate. Today there are over 7,000 microfinance institutions globally serving 16 million poor households. In India, pioneering microfinance organizations included cooperatives like SEWA Bank. The SHG-Bank linkage model aggregates individual savings and provides loans through self-help groups. While microfinance has increased incomes and reduced vulnerability, issues sometimes arise from high interest rates, unethical collection practices, and uneven geographic growth.
Emerging african middle class spurs growth in consumer sectorCecilia Ibru
Emerging African Middle Class Spurs Growth in Consumer Sector
The rapidly growing African middle class, estimated at 370 million people or one-third of the continent's population, has increased consumer demand across sectors like retail, travel, and technology. This emerging consumer market has attracted more business and investment opportunities in Africa and caused a shift from commodities to consumer markets. As families transition out of poverty, their spending on items such as cell phones has risen significantly. Nigeria is expected to lead the growth of Africa's middle class, projected to be home to 7.6 million new middle-class households by 2030.
This document discusses articles in the English language. It begins by explaining that articles are a type of determiner and introduce nouns. While articles may seem simple, they can be difficult for some language learners. It then defines articles as words used before nouns to indicate definiteness or specificity. The main types of articles are indefinite (a, an) and definite (the). The document provides rules and examples for using indefinite and definite articles in English. It concludes by noting some situations where articles are not used.
The Michael and Cecilia Ibru Foundation (MCF) has spearheaded a number of educational projects, including several demonstration schools that aim to present students with a range of opportunities to grow intellectually, socially, and culturally. This goal is accomplished largely through the use of highly child-focused instructional techniques that promote critical thinking skills, such as the Montessori Method.
Committed to ensuring that a lack of resources does not prevent young Nigerians from pursuing higher education, the Michael and Cecilia Ibru University (MCIU) recently announced that it would make 150 new scholarships available to students for the coming academic year.
The Educational Benefits of Interactive WhiteboardsCecilia Ibru
Cambridge-Hitachi develops innovative educational outreach programs and resources for primary schools in the UK. They deliver most programs online for convenience and customization, and create resources to be used via interactive whiteboards, a technology now adopted by most UK schools. Interactive whiteboards allow students and teachers to use a computer by simply touching or writing on the board. They facilitate classroom engagement by letting students interact with concepts, as pupils are more comfortable presenting in front of others with technological assistance. Teachers also find whiteboards enhance understanding by clearly illustrating complicated points.
This is a simple presentation about microfinance and important of it in developing country. I briefly described about service and impact of it.
I prepared it to present in university.
University of Economics in Katowice, Poland.
Suman Bhattarai (Nepal)
Microfinance Banking and Development of Small Business in Emerging Economy: N...iosrjce
The research study examines the Microfinance Banking and Development of Small Business in
emerging economy: Nigerian Approach. The Microfinance Banks (MFBs) serve as an engine through which
economic industrial development subsists in Nigeria. MFBs have been involved in the promotion, growth and
development of the informal sector and remains heralded strategy for industrial development in emerging
economies including Nigeria. The primary source of data was adopted via questionnaire and oral interview. A
simple regression was used to address the responses of the respondents gathered though the questionnaire in
order to derive logical conclusion for the study. It was however established that MFBs have the capacity to
boost economic development in Nigeria through the support of government agency (CBN) to keep them tracked
and to be focused on the objectives for which they were established. Also, the reviewing and refining of the
National Microfinance development Strategy Policy for MFBs in Nigeria is remarkable and commendable. The
paper further recommends that MFBs’ operations should be continuously be monitored by the regulatory
agency (CBN) in order to adequately address the gap in terms of credit, savings and other financial services
required by the micro entrepreneurs. The latent capacity of the poor for entrepreneurship would be significantly
enhanced through the provision of microfinance services to enable them engage in economic activities and be
more self-reliant, increase employment opportunities, enhanced household income,create wealth etc.
This document contains a business plan for DevCap Microfinance Bank. It summarizes the market opportunity in Nigeria where over 70% of the population is classified as poor and over 40% live below the poverty line, yet traditional banks do not serve micro-enterprises due to perceived high costs and risks. DevCap MFB aims to fill this gap by providing financial services including microloans, savings products, and business support to low-income entrepreneurs and farmers. The plan analyzes the competitive landscape of microfinance in Nigeria and Lagos state, identifying over 200 microfinance banks operating in the region but with limited rural reach. It also profiles the characteristics of potential microfinance customers including financial exclusion rates, literacy, sources of income,
This document discusses Islamic microfinancing in Nigeria. It provides background on Nigeria's population, economy, and existing microfinancing schemes. Existing community banks and NGO microfinance programs licensed by the Central Bank of Nigeria have had over 40% failure rates. The document outlines efforts to expand microfinancing through various government programs in the past. It discusses the Central Bank of Nigeria's new guidelines for non-interest Islamic microfinance banks and some pilot programs. Key issues facing Islamic microfinancing include lack of infrastructure, skilled labor, and awareness. However, there are also opportunities due to government support, the large informal sector and agricultural industry, and a ready market among Nigeria's Muslim population. Overall, Islamic microfinancing shows strong
Islamic microfinance prospect and challenges in west africaJubril Salaudeen
This document discusses the prospects and challenges of introducing Islamic microfinance banks in West Africa. It explores the large unbanked population in the region, estimated at over 300 million people, representing a significant market opportunity for Islamic microfinance institutions. However, several challenges could inhibit their growth, including unstable governments, lack of infrastructure, and socio-cultural misconceptions. With capacity building, improved infrastructure, and financial literacy training, Islamic microfinance could help reduce poverty and inequality while fueling economic development across West Africa.
Microfinance banks and entrepreneurship development in nigeriaAlexander Decker
This document summarizes a study that examined the impact of microfinance banks on entrepreneurship development in Nigeria, using Ogun State as a case study. The study found a positive relationship between microfinance and entrepreneurship, showing that microfinance contributes to entrepreneurial activities and sustainable development. It was found that microfinance institutions play an important role in determining entrepreneurial productivity and economic growth in Nigeria. The study recommends that monetary authorities and microfinance institutions improve access to financing for entrepreneurial activities in order to promote further economic growth, employment, and poverty reduction.
Kiva is an online platform that connects microfinance institutions (MFIs) to individual social investors around the world. It allows MFI partners to raise capital from lenders at 0% interest. Kiva has provided over $95 million to MFIs partners in 49 countries. It has 500,000 individual lenders from over 150 countries who each loan an average of $120. Kiva is working towards being fully self-sufficient within 5 years through user tips on loans, interest from funds, and donations. It sees opportunities to connect US entrepreneurs to funding as well by increasing awareness of microfinance needs.
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing F...AfricaChinaUrbanInitiative
Pro-Poor Urban Development: China and Africa Workshop - "Affordable Housing Finance in Africa ", Kecia Rust 07/30/2012
http://urban-africa-china.angonet.org/content/theme-2-financing-social-housing
Problems of microcredit among microenterprises in nigeriaAlexander Decker
1. This study assessed the problems of microcredit among microenterprises in Nigeria and aimed to provide recommendations. It found that problems of microcredit have significant negative effects on the performance of microenterprises.
2. The study was conducted in Aba, Nigeria, which has a high concentration of microenterprises. Data was collected through questionnaires and interviews and analyzed using statistical tests.
3. Key problems identified included lack of access to financing due to lack of banking relationships, financial records, and acceptable collateral. High interest rates, slow bank support, and lack of venture capital funding were also issues.
The document outlines key achievements of the Federal Ministry of Youth Development in Nigeria under Minister Boni Haruna. It allocated N1.2 billion to implement the Youth Employment Programme, deployed N200 million to enhance youth capacity in agriculture, and earmarked N18 million in the 2013 budget to train Nigerian youths in international organizations. It also created a virtual youth development resource center, inaugurated the Nigerian Youth Parliament, and launched the Youth Enterprise With Innovation in Nigeria programme. In addition, it honored 52 outstanding National Youth Service Corps members with presidential awards, employment opportunities, and scholarships for masters and doctorate degrees.
Financial Inclusion Capital for the Underserved - by Bunmi LawsonThe Kingdom Summit
The document discusses financial inclusion in Nigeria and initiatives to expand access to financial services. It provides statistics showing that over 36 million Nigerian adults remain financially excluded. Reasons for exclusion include irregular income, lack of employment, and long distances to access points. The Central Bank of Nigeria's target is to reduce the financial exclusion rate to 20% by 2020. The document also describes Accion Microfinance Bank and the financial products and loan services they provide to micro and small businesses. Requirements for loans include having a business for at least 12 months and presenting identification documents.
Microfinance involves providing small amounts of credit, savings, and insurance services to the poor. The concept originated in the 1970s when Dr. Muhammad Yunus lent money without collateral to groups of poor women in Bangladesh, achieving a 98% repayment rate. Today there are over 7,000 microfinance institutions globally serving 16 million poor households. In India, pioneering microfinance organizations included cooperatives like SEWA Bank. The SHG-Bank linkage model aggregates individual savings and provides loans through self-help groups. While microfinance has increased incomes and reduced vulnerability, issues sometimes arise from high interest rates, unethical collection practices, and uneven geographic growth.
Fidelity Bank in Ghana has pioneered agency banking to promote financial inclusion in the country. They have partnered with over 300 retail agents to provide banking services in rural areas, extending access to over 160,000 previously unbanked customers through their low-KYC "Smart Account". Strategic partnerships with international organizations have helped Fidelity expand their financial literacy programs and rural savings groups, aiming to bring banking services to 70% of Ghanaians who currently lack access. However, issues around connectivity, agent profitability, and technological evolution remain ongoing challenges to scaling financial inclusion efforts.
The document provides information on 18 different grant opportunities for Nigerians, including:
1) The Queen's Young Leaders Awards Scheme which provides training, mentoring and a £10,000 award.
2) The Intafact Hero's Foundation Kickstart Business Grant which provides seed capital, mentoring and monitoring for selected entrepreneurs.
3) The Youth Enterprise Conference Plus N5m Small Business Grant which provides grants of N100,000 to 50 small businesses.
It describes the eligibility requirements and benefits of each opportunity. The grants can be used to start or expand businesses and come from organizations like the Tony Elumelu Foundation, Diamond Bank, Shell, and the US Consulate General Lagos. Awards
Analysis of the effects of micro finance banks on poverty reanglo99
This document analyzes the effects of microfinance banks on poverty reduction and economic growth in Nigeria. It discusses how microfinance banks aim to increase access to credit for small businesses and low-income households. This is intended to promote entrepreneurship, self-reliance, employment, and household income among the poor. The document also outlines the objectives of microfinance banks in Nigeria, which include serving the large unserved market, generating employment, reducing poverty, and increasing savings opportunities. It provides context on the history and concept of microfinance in Nigeria.
[Challenge:Future] THE YOUTHNNOVATION HUB PROJECTChallenge:Future
The document proposes a solution called the Youthnnovation Hub to address high unemployment rates in Nigeria, particularly among youth. The hub would have two main services: 1) The Youthnnovation Accelerator, a startup incubator to help entrepreneurs launch businesses from idea to funding in 6 months. 2) Youthnosource, which would provide digital work and skills training to poor youth and connect them to online microwork paying a living wage. The goal is to create jobs and help break the cycle of poverty in Nigeria through entrepreneurship and access to online work opportunities.
Similar to FINCA Microloan Program in Nigeria Tops US$1M (20)
Exploring Nigeria as a start-up hub in AfricaCecilia Ibru
Africa has become a hub for developing business ideas and now Nigeria is on the radar as the next possible tech hub for startups. . There are now many examples of startups originating in Nigeria.
What is Africa's most innovative center?Cecilia Ibru
With the recent expansion of innovative spaces, Kenya is earning the nickname of "Silicon Savannah". What is what drives the rapid growth of new companies in ICT in Kenya? Learn about it.
Accounting 101 - Current vs. Noncurrent AssetsCecilia Ibru
For businesses of all sizes, accurately listing all assets on the company balance sheet is a major accounting priority. To accomplish this, it is important to understand the difference between current and noncurrent assets.
Michael and Cecilia Ibru Receive Student AccoladesCecilia Ibru
Cecilia Ibru and her husband Michael were awarded by the National Association of South-South Students for their roles as leaders in education and service to humanity. The award recognized the couple's philanthropic foundation, which established the Michael and Cecilia Ibru University. In her speech, Cecilia Ibru discussed the philosophy of the Michael and Cecilia International School they founded, which has grown from 20 students to over 100 students taught in accordance with international standards while emphasizing Nigerian culture and languages.
The Michael and Cecilia Ibru Foundation Receives Award of ExcellenceCecilia Ibru
The Michael and Cecilia Ibru Foundation received an award of excellence from the National Association of South-South Students for its contributions to academic excellence and humanitarian activities through establishing educational institutions like Michael and Cecilia University and International School. The award was presented to Cecilia Ibru and recognized the foundation's commitment to education and encouragement to continue its humanitarian endeavors. Ibru dedicated the award to her husband and said the university aims to provide a modern learning environment that emphasizes Nigeria's culture and languages.
Community Services Offered by the Michael and Cecilia FoundationCecilia Ibru
The Michael and Cecilia Foundation operates several charitable community service programs in Nigeria to ensure that underserved communities are not left behind, including hunger relief programs like food delivery to prisons and orphanages. They also provide support services to pregnant teenagers and new mothers, and social services like health checks and counseling to seniors through an elderly day care program. Additionally, the foundation hosts regular distribution of goods to those in need and assists an organization working to combat infectious diseases.
Objectives of Michael and Cecilia Ibru University Cecilia Ibru
Cecilia Ibru received an award of excellence from the National Association of South-South Students on behalf of the Michael and Cecilia Foundation for the development of the Michael and Cecilia Ibru University. The Michael and Cecilia Ibru University aims to empower Nigerian communities through quality education to reduce poverty and encourage national development by producing a highly skilled global workforce and advancing science and technology internationally while imparting values like creativity, entrepreneurship, and innovation.
Young Nigerian Agribusiness Entrepreneurs Hone Management SkillsCecilia Ibru
One of Nigeria's most influential youth-oriented agribusiness organizations took part in a high-profile international workshop earlier this year to explore strategies aimed at improving participants' management skills.
Michael and Cecilia Foundation Continues University Project Cecilia Ibru
The Michael and Cecilia Foundation has worked for nearly a decade to improve life in Nigeria through initiatives in food security, public health, elder care, and vocational rehabilitation. It has also launched an extensive education project, the Michael and Cecilia Ibru University, which currently serves over 100 students and received an excellence award. When completed, the university will provide education and research opportunities across a wide range of fields and include a large library, lecture rooms, residence halls, and recreational facilities.
Immunise Africa 2020 - A Commitment to the Future of AfricaCecilia Ibru
Recent outbreaks of diseases like Ebola and measles reminded leaders that disease remains a threat, especially in Africa with less public health infrastructure. In 2014, leaders from across Africa convened in Nigeria to endorse the Immunise Africa 2020 declaration to raise disease prevention awareness and combat illness. Governments pledged $700 million from 2016-2020 to help fund childhood immunization programs across the continent in addition to existing health expenditures, acknowledging vaccines' effectiveness against illnesses like meningitis and measles that have been eradicated elsewhere. The declaration aims to invest in children who will become Africa's future leaders.
Nigeria Makes Serious Strides to Reduce Pneumonia InfectionsCecilia Ibru
The PCV10 pneumonia vaccine was recently introduced in Nigeria to help prevent the illness among children. While currently available for purchase, the government will soon cover the costs so all parents can access it. Pneumonia is the second leading killer of children in Nigeria and also threatens the elderly. In addition to the vaccine, a well-balanced diet, breastfeeding, and improved diagnosis at the community level are critical to protecting children from pneumonia according to an epidemiologist working with IVAC and the Nigerian government.
Ibrus Recognized for Educational ProjectsCecilia Ibru
The Michael and Cecilia Ibru Foundation (MCF) was recently honored for its humanitarian and educational contributions to the students of Nigeria. Last December, the National Association of South-South Students (NASS) presented an award of academic excellence to the Ibrus for their ongoing efforts to establish the Michael and Cecilia Ibru University, College of Education, and International School.
Cambridge-Hitachi Assists Teachers in Universal Design Instruction Cecilia Ibru
Hitachi developed an education program on Universal Design after classroom sessions with their employees teaching students face-to-face. They created an interactive online tool to teach the same Universal Design concepts to thousands of fifth and sixth grade students, without needing their employees to teach in person. The tool instructs students on designing accessible and inclusive products for those with disabilities, using Hitachi's European headquarters as an example, and provides teachers all the materials needed along with collecting feedback on the program.
On July 8, 2014, Nigerian President Goodluck Ebele Jonathan commissioned the Nigerian Research and Education Network's (NgREN) new Network Monitoring Center in a ceremony attended by government officials, business leaders, and university administrators. The ceremony demonstrated NgREN's new videoconferencing platform connecting member institutions across multiple locations. A plaque was unveiled and a ribbon cutting ceremony celebrated the opening of NgREN's Network Monitoring Center to improve network infrastructure and promote education in Nigeria.
Historically, women in Nigeria played important social and economic roles, with some achieving high status as traders or queen mothers with political power. While traditionally focused on domestic tasks, women also had access to land through their families and oversaw younger relatives. Today, Nigerian women work in many professional fields and participate actively in politics. Recent examples highlighted successful women entrepreneurs in cosmetics, air ambulance services, and fashion. Cecilia Ibru has also contributed through her foundation, expanding access to education, training, and healthcare.
University of London’s Sociology Department Presents a Season of Art Cecilia Ibru
The sociology department at the University of London recently presented art displays. A film by Paolo Cardullo called "Southall Broadway - Hands at Work" was screened and has been exhibited around the world. It depicts life in London's "Little Delhi" neighborhood. Additionally, the school's Methods Lab is displaying an exhibition pairing Jean Mohr's iconic 1980s photographs of Palestine with commentary later added by Edward Said in a book. The photographs and commentary are being exhibited together for the first time at the university.
The University of London is an old and prestigious educational institution established in 1836 by Royal Charter that exists as a family of colleges and research bodies providing instruction to hundreds of thousands of students in London and through distance learning in 180 countries. It offers 3,700 qualifications through its 18 constituent colleges educating over 50,000 international students annually through its 150-year-old International Programme, and some of its earliest medical schools date back to the 1100s.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Every business, big or small, deals with outgoing payments. Whether it’s to suppliers for inventory, to employees for salaries, or to vendors for services rendered, keeping track of these expenses is crucial. This is where payment vouchers come in – the unsung heroes of the accounting world.
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck mari...Donc Test
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
TEST BANK Principles of cost accounting 17th edition edward j vanderbeck maria r mitchell.docx
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
Fabular Frames and the Four Ratio ProblemMajid Iqbal
Digital, interactive art showing the struggle of a society in providing for its present population while also saving planetary resources for future generations. Spread across several frames, the art is actually the rendering of real and speculative data. The stereographic projections change shape in response to prompts and provocations. Visitors interact with the model through speculative statements about how to increase savings across communities, regions, ecosystems and environments. Their fabulations combined with random noise, i.e. factors beyond control, have a dramatic effect on the societal transition. Things get better. Things get worse. The aim is to give visitors a new grasp and feel of the ongoing struggles in democracies around the world.
Stunning art in the small multiples format brings out the spatiotemporal nature of societal transitions, against backdrop issues such as energy, housing, waste, farmland and forest. In each frame we see hopeful and frightful interplays between spending and saving. Problems emerge when one of the two parts of the existential anaglyph rapidly shrinks like Arctic ice, as factors cross thresholds. Ecological wealth and intergenerational equity areFour at stake. Not enough spending could mean economic stress, social unrest and political conflict. Not enough saving and there will be climate breakdown and ‘bankruptcy’. So where does speculative design start and the gambling and betting end? Behind each fabular frame is a four ratio problem. Each ratio reflects the level of sacrifice and self-restraint a society is willing to accept, against promises of prosperity and freedom. Some values seem to stabilise a frame while others cause collapse. Get the ratios right and we can have it all. Get them wrong and things get more desperate.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
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.