Managing Director, Layelu Microfinance Bank, MfB, Limited, Ondo State, Mr. Akinbinu Charles, in this interview, said that the MfBs have not failed in their responsibility of empowering the Micro Small and Medium Enterprises, MSMEs. He also expressed optimism that the sub-sector would come out of the many challenges it is facing at present.
HOW is the MfB business fairing in your state?
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The microfinance bank business in Ondo and Nigeria generally, has not really come on stage because of various challenges befalling the sector. With time, I believe we would get out of these challenges and these challenges have to do with policy somersault from the regulators. By and large, there is prospect in microfinance bank activities and business in the country because of what it is meant to achieve, to impact on the lives of the down trodden.
Is it true that the MfBs have failed in their…