The Untapped Balance Sheet: How the STMAA is Transforming Access to Credit in Nigeria

The Untapped Balance Sheet: How the STMAA is Transforming Access to Credit in Nigeria

Introduction Nigerian banks have been lending against land for so long that the habit has calcified into orthodoxy. Ask a credit committee whether a manufacturer with N2 billion in outstanding receivables qualifies for a working capital facility, and the first question is rarely about the receivables, but what title document the borrower possesses. In an […]