Asset Acquisition: Micro-Investment Support Services Limited Supports Clients with N2.8b

Micro Investment Support Services Limited (MISS), a pioneer in micro-leasing supported Micro, Small and Medium Enterprises (MSMEs) with the sum of N2.8 billion for the acquisition of 3,375 income-generating assets in 2018 financial year.

The amount represents 106% performance over the sum of N2.6 billion disbursed by the organisation during the same period in 2017, according to the Managing Director, Mrs Elizabeth Ngozi Ehigiamusoe.

The total lease portfolio of the leasing company similarly rose from N1.89 billion in 2017 to N2.16 billion in 2018 while repayment grew from N2.07 billion in 2017 to N2.53 billion in 2018, representing 22.20% performance increase.

The leasing company currently covers 8 states of the federation with 18 branches and fiveregional offices, with 286 as staff strength. The organization targets a disbursement of =N=3 billion in the 2019 fiscal year.

The MISS Managing Director declared that financial empowerment of Micro, Small and Micro Enterprises (SMEs) are vital for the sustainable economic growth and development of Nigeria, stressing that supporting their business initiatives would accelerate their business growth and development for a greater economic impact.

Tags: