…as DMBs fees soar to almost 40 percent Many Nigerian families and businesses in need of funds have turned to savings and cooperative societies and other informal finance practices like thrift collection, popularly known as Esusu, in their bid to avoid high interest rates charged by Deposit Money Banks (DMBs), Business Hallmark can report. […]
The post High interest rates: Bank customers seek Esusu, cooperatives for soft loans first appeared on Business Hallmark.
