FNFI provided over CFA96 billion in loans since the beginning of the year

Economic governance
Wednesday, 28 October 2020 13:30
FNFI provided over CFA96 billion in loans since the beginning of the year

(Togo First) - From CFA87 billion at the end of 2019, the total amount of loans granted by the National Fund for Inclusive Finance jumped to nearly CFA97 billion as of October 23, 2020. This represents a surge of 11.5% over the period. 

The FNFI says it has met the financing needs of more than 1 million, 760 thousand people since it was launched, adding that beneficiaries, by meeting their commitments, sustain the viability of the mechanism. Indeed, recent data indicate an average loan repayment rate of 92.21%. 

The FNFI was established to support those excluded by the conventional financial system, by providing low-cost loans. It is overseen by the minister of financial inclusion and the informal sector, Mazamesso Assih. 

Séna Akoda

 
Sondage
Should we encourage young togolese toward agriculture?
  • 57 Votes
    Yes
    55.88%
  • 25 Votes
    No
    24.51%
  • 20 Votes
    Don't have opinion
    19.61%
← Back
Total 102 Votes

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

Please publish modules in offcanvas position.