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Grooming Centre
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Grooming Centre

Microfinance (Social)

Since its founding in December 2006, the non-governmental organisation Grooming Centre has built up a considerable client base through its network of branches. The institution’s main product is a microcredit loan. This is an individual loan which is disbursed to a group of 20-30 members, all women with a running business. Through its funding Triodos Sustainable Finance Foundation is playing a valuable role in enabling Grooming Centre to emerge as one of the major microfinance players in Nigeria.

KEY INDICATORS Grooming Centre at year-end 2013:
- number of loan clients: 302,139
- percentage female clients: 100%
- percentage rural clients: 50%
- average loan amount: EUR 135
- number of savings clients: -

http://www.groomingcentre.org

Microfinance

Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.

Address:
Lagos
Nigeria