Nigeria

Nigeria is the largest and most populous country in West Africa, with over 250 different ethnic groups. Despite its oil wealth, 70 percent of Nigerians are estimated to live below the poverty line. Known for its turbulent history and endemic corruption, the 2011 elections show that the country is changing gradually, although there are still deep divisions between the north and the south and tensions between ethnic groups. Microfinance in the country is dominated by a few MFIs, like LAPO, and the Central Bank of Nigeria is making efforts to better regulate the sector by forcing hundreds of community banks to become microfinance banks.  

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Triple Jump Advisory Services Partners

Development Exchange Centre (DEC)

DEC began as a multi-service NGO in 1987 which introduced credit in the 1990s. Since 2007, DEC has taken the decision to split its social services and its microfinance operations into two separate structures, though for complex reasons the two entities have not yet been created officially. . It operates in northern Nigeria, a large underserved (and sometimes volatile) area. It works only with women and provides them with savings and small loans (the average loan amount is 11% of GDP per capita).


  • TJAS partnership since March 2011
  • Number of borrowers (30/06/11): 73,520
  • Number of savers (30/06/11): 80,020
  • 100% women clients
  • GLP (30/06/11): €4.5 million
  • OSS (30/06/11): 85%
TJAS services provided:
Governance: Provide guidance to management and board to separate out microfinance and social services; strengthen management and decision-making processes; provide guidance on MIS strategy.
 

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Grooming Centre

Grooming Centre is an NGO-MFI which began operations in late 2006. Like several other NGO-MFIs in Nigeria, including DEC and LAPO, Grooming has adapted the ASA methodology to the Nigerian context. This very effective hybrid group lending methodology, combined with the market size of Nigeria has allowed the MFI to grow by close to 100% each year and to expand into 12 states with 148 branches. The institution's mission is strongly social (average loan size is approximately 3 and 99% of borrowers are women).

•    TJAS partnership since November 2011
•    Number of borrowers (30/09/11): 135,802
•    Number of savers (30/09/11): 157,127
•    99% women clients
•    GLP (30/09/11): €11.8 million
•    OSS (30/09/11): 137%

TJAS services provided:
MIS: Business requirements analysis; recommendations for strategy to implement an automated MIS

 

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