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Ugro Capital launches GRO Micro to cater to MSMEs

Ugro Capital announced the launch of GRO Micro , a dedicated distribution channel to aid lending services specifically for the unorganized Micro Businesses based in non-metro markets. The Company announced that it has expanded its distribution network by adding 25 branches across 5 states - Karnataka, Tamil Nadu, Gujarat, Telangana, and Rajasthan. With this geographical expansion under the flagship of GRO Micro , the Company aims to offer small ticket loans - secured against property, as well as unsecured loans, to micro businesses. Based on its internal research, the Company found that there exists an opportunity to connect with over 5 million MSMEs in target markets, away from the urban

U GRO Capital launches GRO Micro , expands its network by 25 branches; aims to support 50,000 small businesses by FY 22

Breaking News | Failure To Recover Over N4 4tn Debt Bad For Economy – AMCON

Views: Visits 21 The Asset Management Corporation of Nigeria (AMCON) has called on all agencies of the Federal Government and all stakeholders to join its debt recovery drive as the company hopes to secure an outstanding N4.4trillion. AMCON in a statement issued on Sunday noted that a failure to recover the debt would further worsen the nation’s economy. According to the agency, the N4.4trillion is bigger than the entire 2021 capital expenditure budget of the Federal Government, which stands at N3.85trillion. If recovered, the agency believes that the money can go a long way in reviving the iron and steel sectors, as well as improving electricity in the country.

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