Leading banking and development experts have urged the federal government to engage microfinance banks (MFBs) in distributing poverty alleviation funds. The experts, speaking in Abuja, emphasized that involving MFBs would enhance the government’s ability to meet the goals of poverty alleviation programs. This call follows alleged mismanagement of poverty alleviation funds by the Ministry ofRead more
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In the dynamic landscape of personal finance, the concept of financial resilience has gained considerable significance, especially in times of unexpected emergencies. One avenue that individuals can explore to enhance their financial resilience is through salary loans. This blog post will delve into the transformative role of salary loans and how they contribute to buildingRead more
As we bid farewell to the passing year, we embark on a journey into the possibilities of a newone. At Cloverleaf MFB, we believe in empowering you with the tools and knowledge to makethe most of your financial future. Here are some strategic financial planning tips to guide you as you step into the promisingRead more
In the ever-evolving landscape of personal finance, achieving financial fitness is more than just managing your money; it’s about mastering the art of wealth creation, prudent spending, and strategic investments. This journey toward financial fitness involves setting clear goals, cultivating smart habits, and approaching money matters with confidence. In this article, we will delve intoRead more
Microfinance has become a vital financial lifeline for many individuals and small businesses, particularly in bustling economic hubs like Lagos. As traders and entrepreneurs seek financial support to grow their enterprises, understanding the dynamics of interest rates in microfinance is crucial. In this article, we’ll explore the significance of interest rates for traders and borrowers.Read more