Nigeria is a business-oriented economy, with an estimated 37 million micro, small and medium-sized companies (MSMEs). The entrepreneurial economy contributes roughly 48 percent of the country’s gross domestic product and employs over 60 million people, making Nigeria the largest economy in the sub-Saharan region. Although these numbers look promising, few businesses are successful in obtaining loans from financial institutions. According to The Credit Crunch, a joint report by the Central Bank of Nigeria (CBN) and the International Finance Corporation (IFC), of the 840 MSMEs surveyed in Nigeria, only 31 percent successfully obtained a loan from a bank or microfinance institution. MSMEs are often burdened by aRead More →

 Deena’s Fundraiser from deena on Vimeo. On an average, Americans think as much as 25% of the federal budget goes to foreign aid and think it should be “slashed” to only 10%. But in reality, less than 1% of the federal budget goes to foreign aid. Millions of people live without basic necessities like clean water, proper sanitation, electricity, and education. To change their situation t is important to gather support for bills in the US that fight to end global poverty and push for stronger foreign assistance. Why The Borgen Project – The Borgen Project helps in alleviating poverty across the globe. Through advocacy,Read More →