ABSTRACT
This study was carried out to examine micro finance bank and economic growth in Nigeria with special reference to LAPO Ondo state. Specifically, the study investigate the impact of micro finance bank and economic growth in Nigeria. The study also will explicate in detail ways in which micro finance banks can contribute in developing rural areas and improving the life of the poor people. Lastly, the study will investigate the ways microfinance bank can contribute in building entrepreneurship within the country. The study employed the survey descriptive research design. A total of 30 responses were validated from the survey. From the responses obtained and analyzed, the findings revealed that micro finance bank is relevant to the economic growth and development in Nigeria at (β = 0.887, R2 = 0.936, P = .000) since the number of entrepreneurs that uses their services is high. Also, the study shows that microfinance institution does contribute to entrepreneurial productivity, at (β = 0.896, R2 = 0.952, P = .000). The study thereby recommend that long run goal should then be to improve investment and other capital accumulation. It is these channels of participation in the economy that will ensure optimal use of the microfinance resources in the country with the target of achieving sustainable growth. Thus, boosting consumption and increasing income streams should be the main focus of microfinance banks so as to address short term challenges. Also, another area where microfinance banks can improve economic growth is when loans are targeted at business expansion.
ABSTRACT
This work is on the regression analysis on national income from 1998 to 2003. In view of Nigeria’s econom...
ABSTRACT
The main aim of this study is to examine the role of public relations in achieving organizational objective...
ABSTRACT
This project work focuses on the effects of child abuse on students’ academic performance. T...
ABSRACT
This work was carried out to investigate the effects of pterocarpus mildbreadii seed on the HDL- level of albino rats.High densit...
ABSTRACT
One of the main ways organizations invest in the work force for greater returns today and even future is throug...
BACKGROUND OF THE STUDY
The building process appears as ordered, linear p...
Background of the study
Chickenpox, caused by the varicella-zoster virus, is a highly contagious viral...
ABSTRACT
In organization people to work effectively in an organization emphasis on industrial accident...
BACKGROUND OF STUDY
The oil boom of the 1970s led Nigeria to neglect its agricultural and light manufac...
Abstract
This study is on effects of social media on academic performance of secondary school student. The total populat...