Insights into the world of small business lending and development
Ghanaian Company Invests $9M in Failing Black Chicago Bank, Urges Africans and African-Americans to Help One Another
A Ghanaian firm stepped in right on time as a Black-owned Bronzeville bank was on the verge of collapsing. Groupe Nduom of Ghana invested a whopping $9M into the failing Illinois Service Federal Savings and Loan Association, now known as ISF Bank, Ghana Web reports. The bank was in search of capital to revive its struggling operations.