THE IMPACT OF MICROFINANCE BANK IN GROWTH OF SMALL AND MEDIUM SCALE BUSINESS IN NIGERIA
- Project Research
- 1-5 Chapters
- Abstract : Available
- Table of Content: Available
- Reference Style: APA
- Recommended for : Student Researchers
- NGN 3000
ABSTRACT
This study discusses the impact of Microfinance Institution (Microfinance bank) on the growth of Small and Medium Scale Enterprises (Small and medium scale business) in the Owerri Urban. The study examined the detailed profile of Small and medium scale business in the Owerri Urban of Nigeria, the contribution of Microfinance bank to entrepreneurial growth, the challenges encountered by Small and medium scale business in accessing credit and the rate of credit utilization by Small and medium scale business. An analysis of the profile of Small and medium scale business shows that most Small and medium scale business area their Micro stages since they employ less than six people and these factory considerably dominated by the commerce sub-sector. There search also indicates that Microfinance bank have had a positive effect on the growth of Small and medium scale business. Some of the critical contributions of Microfinance bank include; greater access to credit, savings enhancement and provision of business, financial and managerial training. Irrespective of the contributions of Microfinance bank to the development of Small and medium scale business, there are challenges that affect the operations of both Small and medium scale business and Microfinance bank. The major challenge faced by Small and medium scale business is the cumber some process associated with accessing credit of which collateral security and high interest or setback. On the other hand, Microfinance bank face some challenges relating to credit misappropriation and non- disclosure of the relevant facts of the business operations of Small and medium scale business. The final analysis of their search clearly reveals that Microfinance bank have a positive effect on the growth of Small and medium scale business. In order to enhance a sustained and accelerated growth in the operations of Small and medium scale business, credits should be client- oriented and not product-oriented. Proper and extensive monitoring activities should be provided for clients who are granted loans.
Related Project Materials
THE ROLE OF PUBLIC ACCOUNTANTS IN FINANCIAL STATEMENT ANALYSIS
THE ROLE OF PUBLIC ACCOUNTANTS IN FINANCIAL STATEMENT ANALYSIS
This research explores the role of public accountants in...
FUEL SUBSIDY REMOVAL AND ENVIRONMENTAL QUALITY IN NIGERIA: A DYNAMIC COMPUTABLE GENERAL EQUILIBRIUM APPROACH
ABSTRACT
Environmental challenges such as climate change continue to threaten human existence globally. This has necessitated renewed foc...
ACCOUNTING INFORMATION AND ITS ROLE IN THE MANAGEMENT OF BUSINESS ORGANIZATION (A CASE STUDY OF ZENITH BANK PLC)
ABSTRACT
This project research work attempts to explore the relevance of Accounting Information and its role in the mana...
EFFECTS OF DRILL AND PRACTICE ON THE ACADEMIC ACHIEVEMENT OF STUDENTS IN ENGLISHLANGUAGE IN JUNIOR SECONDARY SCHOOL IN LAGOS STATE.
ABSTRACT
This study examines The Effect of Drill and Practice on the Academic Achievement of Students in English Languag...
ASSESSMENT OF THE ADVENT AND DEVELOPMENT OF ISLAM AMONG JUKUN PEOPLE IN SOUTHERN TARABA, NIGERIA
ABSTRACT
The research titled Assessment of the Advent and Development of Islam among Jukun People in Southern Taraba, Taraba State Nigeri...
THE MICROBIAL SAFETY OF COMMERCIAL POULTRY FEEDS
ABSTRACT
This study assessed the microbial safety of commercial poultry feeds. isolation and identification of pathogens...
EFFECTIVENESS OF PUBLIC RELATIONS ACTIVITIES ON TERTIARY INSTITUTIONS
ABSTRACT
The purpose of this study was to appraise public relations activities in tertiary institutions...
THE ROLE OF RADIO IN MOBILIZING WOMEN FOR POLITICAL PARTICIPATION IN LAGOS STATE
Background of the study
Radio, according to Kombo (2015), is a crucial driver for social transformatio...
THE INFLUENCE OF PERCEIVED YOUTH CULTURE ON SOCIAL ORIENTATION OF UNDERGRADUATES
ABSTRACT
The study examined the influence of youth culture on the social orientation of adolesc...
IMPACT OF CORPORATE TRAINING PROGRAMS ON ADULT LEARNERS
Abstract: This research investigates the impact of corporate training programs on adult learners, focusing on their effectiveness in enhancing...
