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Nigeria’s New Collateral Registry Aims to Increase Access to Finance for Small Business

Only 31% of medium-size enterprises in #Nigeria have a loan with a bank or microfinance institution. Learn how we are working to change that:

Nigeria’s New Collateral Registry Aims to Increase Access to Finance for Small Business

The Central Bank of Nigeria with World Bank Group’s support launched a modern online collateral registry to allow low-income people and small-scale entrepreneurs to secure loans against movable assets such as machinery, livestock, and inventory.