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.
Abstract
This study examined the socio – economic and technological system of modern business and how they affect...
ABSTRACT
Wood smoke is a complex mixture of substance produced during the combustion of wood. The major emissions from wood stoves are ca...
Background
Most producers use intermediaries to bring their products to market. They use a set of interdependent organiz...
INTRODUCTION
Nestle Food Plc, case study of my project topic is well known for it vendor selection and rat...
ABSTRACT
This research evaluates an appraisal on the legal framework for prevention of...
ABSTRACT
This study examined the problems and prospects of oil palm cultivation using Nifor as a case study. In the...
ABSTRACT: The benefits of early childhood education in fostering online etiquette were investigated to understand how early educational interv...
Abstract: THE INFLUENCE OF INNOVATION POLICIES ON BUSINESS PERFORMANCE
The study inves...
Abstract
WhatsApp has significantly penetrated the various spheres of peoples’ lives all over the...
ABSTRACT
The study examine cost accounting information and product costing in selected paint manufacturing companies Port Harcourt, This...