Pride Tanzania to Transform to Microfinance Bank

Pride Tanzania is finalising the process of self-transformation into microfinance bank, thus enhancing its capacity to serve better its customers as well as reaching more the financially under served rural population. This was said in Dar es Salaam by Pride Tanzania Senior Operation Officer responsible for marketing, Mr Jumanne Bundala, in the ongoing 39th Dar

AfDB Approves USD 12 million Line of Credit to Nigeria’s LAPO Microfinance Bank

The Board of Governors of the African Development Bank Group (AfDB) through its private sector window approved on Wednesday, October 1 a USD 12 million line of credit equivalent in Nigerian Naira to LAPO Microfinance Bank  in Nigeria. LAPO MfB is the largest microfinance bank in Nigeria with 1.1 million clients and 327 branches currently