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Insights on the Microfinance Industry in Africa
- July 14, 2014
- Posted by: Oussama MOKSSIT
- Category: Africa, Financial Services
The low purchasing power of the continent, as well as the underdeveloped formal banking penetration set ground for the micro finance solution to thrive. The multi-billion dollars microfinance industry in Africa has currently a gross loan portfolio of $8.5 billion and reaches a consumer base of 8 million people. According to the World Bank financial