Liquidity platform launched to accelerate microfinance industry

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Published 12:18 am
The Microfinance Development Company Ltd has launched the Inter-member Liquidity Placement platform to enable microfinance banks place liquidity among themselves.
During a business forum for stakeholders in the microfinance industry, the Chief Executive Officer of MDCL, Obinna Onunkwo, said it was put together to address some of the critical challenges the microfinance industry was facing.
According to a statement issued by the company on Thursday, he pointed out that in line with its objective of creating a shared services platform for the industry, MDCL had entered into strategic partnerships with other companies to help them achieve their business goals.

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