Umuchinemere PMFB disbursed ₦409.2m in 1<sup>st</sup> Half of 2017

Umuchinemere PMFB disbursed ₦409.2m in 1st Half of 2017

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.

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