0704-883-0675     |      dataprojectng@gmail.com

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.




FIND OTHER RELATED TOPICS


Related Project Materials

SOCIO-ECONOMIC AND TECHNOLOGICAL SYSTEM OF MODERN BUSINESS AND THEIR EFFECTS ON THE JOB OF THE SECRETARY

Abstract

This study examined the socio – economic and technological system of modern business and how they affect...

Read more
EFFECT OF WOOD SMOKE (BIOMASS) ON SOME LUNG FUNCTION TESTS, CARDIOVASCULAR PARAMETERS AND HAEMATOLOGICAL INDICES OF WOMEN IN ZARIA, NIGERIA

ABSTRACT

Wood smoke is a complex mixture of substance produced during the combustion of wood. The major emissions from wood stoves are ca...

Read more
AUTOMATED PRODUCTS DISTRIBUTION MANAGEMENT SYSTEM

Background

Most producers use intermediaries to bring their products to market. They use a set of interdependent organiz...

Read more
NEED FOR EFFECTIVE VENDOR SELECTION & RATING IN AN ORGANIZATION

INTRODUCTION
Nestle Food Plc, case study of my project topic is well known for it vendor selection and rat...

Read more
AN APPRAISAL ON THE LEGAL FRAMEWORK FOR PREVENTION OF CHILD ABUSE AND TRAFFICKING IN NIGERIA

ABSTRACT

This research evaluates an appraisal on the legal framework for prevention of...

Read more
THE PROBLEMS AND PROSPECTS OF OIL PALM PRODUCTION: A CASE STUDY OF NIFOR EDO STATE

ABSTRACT

This study examined the problems and prospects of oil palm cultivation using Nifor as a case study. In the...

Read more
BENEFITS OF EARLY CHILDHOOD EDUCATION IN FOSTERING ONLINE ETIQUETTE

ABSTRACT: The benefits of early childhood education in fostering online etiquette were investigated to understand how early educational interv...

Read more
THE INFLUENCE OF INNOVATION POLICIES ON BUSINESS PERFORMANCE

Abstract: THE INFLUENCE OF INNOVATION POLICIES ON BUSINESS PERFORMANCE

The study inves...

Read more
PRAGMATIC ANALYSIS OF WHATSAPP CHATS

Abstract

WhatsApp has significantly penetrated the various spheres of peoples’ lives all over the...

Read more
COST ACCOUNTING INFORMATION AND PRODUCT COSTING IN SELECTED PAINT MANUFACTURING COMPANIES PORT HARCOURT

ABSTRACT

The study examine cost accounting information and product costing in selected paint manufacturing companies Port Harcourt, This...

Read more
Share this page with your friends




whatsapp