Today, the microfinance sector in Nigeria features both categories of service providers – commercial and not-for-profit institutions, and each category of operators is regulated by a different set of laws and regulatory institutions.
Commercial microfinance presents quite a few challenges but it seems to be the only way to go if microfinancing is to fulfil its mission of lifting many out of poverty. It is the form of microfinance that happens when those services are provided by profit-oriented organizations that form part of the
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