The microfinance sector registered significant improvement in total loan
portfolio, total assets, aggregate equity and net profit, attributable to the
general economic recovery on the back of macroeconomic stabilization
measures.
The microfinance sector recorded a 35.04% increase in branch network,
to 1,264 for quarter ended 31 December 2022, up from 936 as at 30
September 2022. The increase in branch network is largely attributed to
increase in business activities as some institutions opened new branches
following business revival post the Covid-19 pandemic, and in response
to the call for increased financial inclusion outreach.