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NDIC set to liquidate 42 Microfinance Banks - Vimarsana News

NDIC set to liquidate 42 Microfinance Banks

Online loan apps are gaining traction because of features such as customized repayment plans, minimal documentation, low-interest rates, and quick disbursal. Before now, one of the biggest challenges people faced was accessing quick loans. You had to visit a bank, obtain relevant information, and provide collateral before getting a loan. This process was not only tedious but also out of the reach of many people. With the emergence of online loan apps, anyone can apply for a loan from the comfort of their homes. You can also monitor the progress of your application easily. Different loan apps...

African Export-Import Bank (via Public) / MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank - Vimarsana News

African Export-Import Bank (via Public) / MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank

MUFG leads on ground-breaking $520 million COVID-19 response facility for Afreximbank London, Cairo, 14 December 2020 - MUFG and African Export-Import Bank (Afreximbank) have closed a ground-breaking $520 million facility, the first to be covered by Nippon Export and Investment Insurance (NEXI). NEXI's proactive support for this facility was agreed on the basis of Afreximbank being a strategic partner, participation from Japanese investors, and the deal contributing to the UN's Sustainable Development Goals (SDGs). MUFG was the sole Mandated Lead Arranger, Bookrunner, Agent and NEXI Coordinat...