The business of microfinance banks is largely focused on supporting the active poor in the economy. When I say the active poor, I mean those engaged in economic activities but lack enough capacity to borrow. The current economic situation has negatively affected the MfBs purely because of this reason, apart from Lagos State where the government is able to pay workers salaries, almost all the other states in the country are hardly able to pay salaries.
source https://www.vanguardngr.com/2018/07/no-unit-mfb-can-operate-profitably-with-n20m-capital-base-md-pennywise-mfb/
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