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IFC Supports AB Microfinance to Expand Financial Inclusion for Smaller Businesses in Nigeria

IFC Supports AB Microfinance to Expand Financial Inclusion for Smaller Businesses  in Nigeria

IFC, a member of the World Bank Group, today announced that it has signed an agreement to provide financing of NGN800 million, or approximately $5 million, to AB Microfinance Bank. The IFC loan will increase access to finance for micro, small and medium enterprises. These activities promote financial inclusion, job creation and grow the Nigerian economy.