Abstract
Microfinance bank is fast becoming a household name globally due to its acceptance as a means of reaching those that were not served by the conventional big banks. However, the concept and practice of Microfinance bank is still a novelty in Nigeria. This paper examines different concept of Microfinance as well as the origin of this sustainable finance idea. Salient issues that need to be considered by the government, regulators, operators and the general public were examined and further make relevant recommendation that will accelerate the growth of this type of banking in Nigeria.
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