Accion MFB Promotes Data-Driven Financing for MSME Growth in Nigeria
Accion MFB, during a financial inclusion seminar in Nigeria, highlighted the need for a radical shift towards data-driven and value-chain financing to drive growth and prosperity for Micro, Small, and Medium Enterprises (MSMEs). The Managing Director, Taiwo Joda, emphasized the importance of leveraging non-traditional metrics such as sales records, cash flow, and online payment history to assess creditworthiness accurately.
This approach aims to overcome structural barriers and provide easier access to financial services for MSMEs, ultimately contributing to the nation's GDP and workforce.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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