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Central Bank of Nigeria (CBN) Approves Conversion of Community Bank into Microfinance Institution (MFI)
The Central Bank of Nigeria (CBN) has approved the conversion of the Olabisi Onabanjo University Community Bank Limited into a microfinance bank. The community bank has operated on the campus of Olabisi Onabanjo University in Ago-Iwoye, Nigeria since March of 2003, and the majority of its shareholders are affiliated with the university. One source reports that, in its first year in business, the bank made a surplus that was “far in excess of its total paid up capital,” but no other sources were found to corroborate this information and no further information was found on the OOU Community Bank.

Other community bank Related Articles

What is a Small Business Administration (SBA) Loan?
As a new entrepreneur looking for capital, one of your first options for a loan will be a SBA-backed loan. SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. (You are still liable for the loan, so your obligation does not go away) This makes it easier for banks to lend to budding entrepreneurs, but it does not mean that the bank can lend indiscriminately. The bank will analyze the application to protect its interest as well as the SBA’s.
The Importance of Community Relations
There are some powerful relationship realities between various community groups and organizations. Corporations and institutions must prove their validity, honesty, and trustworthiness every day. Community relationships are effectively maintained primarily through engagement with various publics and audiences within the community and your organization.

Central Bank of Nigeria (CBN) Approves Conversion of Community Bank into Microfinance Institution (MFI)
The Central Bank of Nigeria (CBN) has approved the conversion of the Olabisi Onabanjo University Community Bank Limited into a microfinance bank. The community bank has operated on the campus of Olabisi Onabanjo University in Ago-Iwoye, Nigeria since March of 2003, and the majority of its shareholders are affiliated with the university. One source reports that, in its first year in business, the bank made a surplus that was “far in excess of its total paid up capital,” but no other sources were found to corroborate this information and no further information was found on the OOU Community Bank.
Communicating With Your Bank
Entrepreneurs need to be prepared with facts and effective communication skills when they visit their local bank, or when a new banking relationship is being established. Do not take it lightly. Follow this quick advice to get the most out of your relationship with your bank and bank managers.
Community Involvement the Wrong Way
There are wrong ways to demonstrate community involvement as well. If you volunteer to work on a committee but are never available for meetings, or if you sponsor a little league team and don't show up for games, you're proving yourself to be crass and superficial, probably sucking up the community to get business instead of working for it for altruistic reasons. Consumers are more sophisticated than ever these days. People know the difference between serving the community and serving yourself. If you're not willing to devote honest time and energy to your community, you're better off skipping this weapon and leaving it to the real guerrillas in your community. I just hope for your sake that none are your direct competitors.
The Credit Crunch Myth: Financing Options to Consider
Over the past couple of years, the term “credit crunch” has taken its place in the popular vernacular alongside other now-common phrases like “mortgage meltdown” and “bank bailout.” But is the supposed credit crunch that we keep hearing so much about (go ahead and Google it-I did and got more than 12 million results!) real? While most of the media would have us believe it is, from my perspective, I’m not so sure. In general, community banks are in better financial condition than big banks, so these are often a good place for small businesses to start their search for financing. In addition to traditional bank loans, there are alternative forms of financing for companies that might not qualify for loans in today’s more stringent credit environment. One of these is factoring.

The Roles And Responsibilities Of The Canada National Bank
Canada National Bank is the central bank of Canada. Although, it is important to know that it is not a government department. It is rather a crown corporation owned by the government. Though its activities are almost independent, its earnings go to the federal treasury and shares are directly held by the finance ministry. Besides that, it is not the federal public service agency but the bank itself that regulates the employees of this bank. It was after the introduction of the 1934 Bank of Canada Act that gave this bank the monopoly on the issuance of banknotes. The value of the Canadian dollar depends upon the actual amount of money created by this bank. Its main task is to promote the financial and economic well being of Canada.

How to get bank funding in five essential steps
As we all know, persuading your bank to give you funding is a much trickier business that it used to be. So if you're an entrepreneur or growing company relying on bank finance, it is essential to have a healthy relationship with your bank.
Who Wants a Coffee Franchise?
If you look around your community or town you will find that there are all kinds of businesses (unless of course you live in a very small town or community of course). It takes all kinds of businesses to keep a community running smoothly and meet the laws of supply and demand. Now, take a look at your community through the eyes of a potential business owner. Take note of specialty shops, franchise stores, and retail establishments that line the streets and boulevards of your hometown. Is there are coffee franchise among the mix and if so, how many?
What’s The Best Financing & Funding In Canada For Your Business - Tips On A Corporate Bank Loan
Information on how to address success via a corporate bank loan for the financing and funding of your business . Bank facilities and pricing are the best solution for your finance needs, IF .. you know how to address the bank process.
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