UMUCHINEMERE Pro-credit Micro Finance Bank (UPMFB) disbursed the sum of ₦409.2 million to 1,774 beneficiaries in the first half of 2017. This represents 12 per cent decline when compared with ₦467.2 million in the same period in 2016 to a total of 1,851 customers.
In the 2016 loans disbursement, a total of 1,111 of the beneficiaries were males and they received the sum of ₦187,633,400, while the rest, 740, were females but ironically received a greater amount of the disbursement, ₦279,522,959.
But in the present year, UPMFB gave the sum of ₦173,917,500 to 1,085 males, while like a trend, the females that were fewer in number however received the greater amount, ₦235,287,700.
Umuchinemere Pro-credit Micro Finance Bank (UPMFB) projected to disburse ₦1.043billion to Micro Small and Medium Enterprises (MSMEs) in the country in 2017.
Rev. Fr. Aguigwo takes over the Chairmanship of Umuchinemere Pro-Credit Micro Finance Bank Enugu
The Enugu-based Umuchinemere Pro-credit Micro Finance Bank, which was established by the Catholic Diocese of ...
Umuchinemere Pro-credit Micro Finance Bank throws behind Federal Government's food sufficiency programme, gives ₦50m to 209 small scale farmers in Enugu State to boost agriculture, calls for special court/legislation against loan default