What is the difference between bank and microfinance? - MakeMoney.ng

What is the difference between bank and microfinance? - MakeMoney.ng

The two major players in the financial world are banks and microfinance institutions. They are both part of the same industry, and in general, their roles are similar. They provide financial services to individuals and businesses. But their similarities stop there. They differ in so many ways, including their target audience, how they operate, and […] Read the full article of What is the difference between bank and microfinance? on MakeMoney.ng.

The director general of Promipyme, Fabricio Gómez Mazara, in his speech during La Semanal, highlighted the four fundamental priorities that the institution has for this year. These strategic lines focus on strengthening the development of micro, small and medium-sized enterprises (SMEs) in the country. Gómez Mazara, mentioned that the entity has outlined four main lines of action for this year: Facilitate access to financial and non-financial se…

The general director of the National Council for the Promotion and Support of Micro, Small and Medium Enterprises (Promipyme), Fabricio Gómez Mazara, said this Monday that this body “is not a bank for the poor or a bank that has to give away resources.” The official clarified that Promipyme is an institution attached to the Ministry of Industry, Commerce and MSMEs, while explaining that “in Western culture you cannot stigmatize customers. A micr…