Microfinance banks need stable funds from multiple sources — Adegbami

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The Managing Director/Chief Executive, Mainstreet Microfinance Bank Limited, Mr. Adegoke Adegbami, in this interview speaks on challenges of MfBs and factors responsible for non performing loans.

By Providence Emmanuel

HOW do you manage bad loans?

There is an adage that says: “There are no bad followers but bad leaders.” So you need to do your assignment before you pass your money to your customers. We talk about policies relating to risk and the types of policy we have are policies that tell us to begin and end a loan. There are businesses we can do and not do. The things we look out for are cash flow of the person, integrity of the person and sustainability. Once the customer has met all the conditions, we disburse the money.

Adegoke Adegbami

Some bad loans results from connivance between fraudulent staff and some customers. So in actual fact, we don’t let the customer…



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