This indicates financial fitness of a corporate being.In one of our impromptu meetings,random leisure walks and a relaxation sitting at the BRT Bus stop in Igando,Daddy Lekan Popoola,management Consultant,a seasoned Accountant with more than 40years in practice and former managing director of four insurance companies at the heights of high career,now retired. Sowe sat down to discuss and a devout muslim,after saying his morning prayers the muslim way,had asked me"what is gearing?"to test my financial knowledge.I was stupefied on the metal sit and wondered at him,sedate and ruffled in mymind,how could i have known that basics,if hadn't been reading bits and bits and burrowing everything single literature that fancied my sight or whiever,i could lay my hands upon?This was complicated considering the fact,i had no tertiary education and i provided the solution right away,'a mixture of debt and equity'.It basically implies the use of debt,along with equity and so higher the gearing,the higher the financial risk.
MICRO FINANCE unknown to many is the sole panacea to mass poverty eradication in human society.The blog specifically focuses on the industry around the world but with more bias on Africa-unarguably the poorest region of the world.
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