Pedro Ukokobili
Alagomeji-Yaba, MA (USA)
Role(s):
Rondervan Microfinance Bank
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Startup
Location:
Alagomeji-Yaba
Industry:
Banking
Year Founded:
2007
Number Employees:
INVALID
Description:
Rondervan MicroFinance Bank (RMFB) is a proposed microfinance bank that is positioned to administer microloans to over 5 million people in Lagos. The underlying objectives of the Bank are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion.
Recognizing microfinance as an important poverty alleviation tool, the Federal Government has adopted a microfinance policy that mainstreams the concept of sustainable microfinance, recognizing the private sector’s role in poverty reduction and encourages its entry into banking with the poor. It has enacted a legal framework, the MFIs Policy 2005, for establishing Microfinance Banks in private sector and also facilitated establishment of emerging market, a public private international pa