Microfinance aimed to foster prosperity but stoked hardship for those borrowers who took on debt they couldn’t afford.

KARACHI: ABHI Microfinance Bank Limited reported revenue of Rs4.874 billion by the end of the first quarter of ...

The internal watchdog of the International Finance Corp. found that the lenders pressured borrowers to keep paying back loans ...

The Central Bank of Nigeria has revoked the operating licences of 46 microfinance banks across the country, citing their failure to meet key regulatory requirements for continued operations. The apex ...

The Nigeria Deposit Insurance Corporation has officially assumed responsibility for overseeing 46 microfinance banks after the Central Bank of Nigeria revoked their operating licences on Wednesday.