0704-883-0675     |      dataprojectng@gmail.com

EFFECT OF ONLINE LOAN TECHNOLOGY ON INDIVIDUALS

  • Project Research
  • 1-5 Chapters
  • Abstract : Available
  • Table of Content: Available
  • Reference Style: APA
  • Recommended for : Student Researchers
  • NGN 3000

ABSTRACT

Online loan technology is a service provided by financial institutions in cooperation with mobile phone operators. It allows customers with busy lives to conveniently do their banking using their phones anytime. It is about getting banking services to the unbanked, those who do not have bank access or bank accounts, and those who are at the bottom of the economic pyramid often living in remote areas. The study sought to determine the effect of online loan technology on individual. Cross sectional descriptive survey was employed in this case. The data collected was cleaned, coded and systematically organized in a manner that facilities analysis using the Statistical Package for Social Sciences (SPSS). Data was analyzed on the basis of the mean and the F test statistic was computed at 5% significance level. To test for the strength of the model and the effect of mobile lending on the financial performance of commercial banks, the study conducted an Analysis of Variance (ANOVA). From the regression model, the study found out that there were mobile lending variables influencing the financial performance of commercial banks, which are; interest rates, capital adequacy and liquidity. They influenced it positively. The study found out that the 5 independent variables that were studied which included Total Mobile Loan Applicants, Total amount of mobile loans, interest rates, capital adequacy and liquidity explain 47.4% of financial performance of commercial banks as represented by adjusted R2. The study therefore concludes that mobile lending positively and significantly affects the financial performance of commercial banks. The study recommends that policy makers consider mobile lending in their formulation of policies because of the technological developments and the expected switch from physical branch networks to technologically supported banking services.

 

 




FIND OTHER RELATED TOPICS


Related Project Materials

AN INVESTIGATION OF VARIABLES AFFECTING BUILDING CONTRACTORS’ SELECTION

Background to the study

Both direct negotiation with the owner or his agents and competitive bidding are viable options...

Read more
IMPACT OF ADULT EDUCATION ON LOCAL ECONOMIC GROWTH

Abstract: The topic of this research is the impact of adult education on local economic growth. The study aimed to explore how adult education...

Read more
AN ASSESSMENT OF ANTI-CORRUPTION CRUSADE UNDER GOODLUCK JONATHAN AND MUHAMMADU BUHARI ADMINISTRATION IN NIGERIA

ABSTRACT

Corruption has been an accepted cancerous disease that overtime has eaten deep into the soil of Nigeria. Corrup...

Read more
EVALUATION OF LAGOS STATE PRIMARY PUPILS' ATTITUDE AND MOTIVATION FOR LEARNING ISLAMIC RELIGIOUS STUDIES

​​​​​​Background of the study

Islamic Studies revolves around learning about Islam and its creeds. The...

Read more
FRAUD RISK ASSESSMENT AND PREVENTION IN FIDUCIARY ACCOUNTING

FRAUD RISK ASSESSMENT AND PREVENTION IN FIDUCIARY ACCOUNTING

 

This research aims to (1) evaluate the methods used by fidu...

Read more
PROSPECT AND CHALLENGES OF REGIONAL INTEGRATION IN WEST AFRICA (A QUALITATIVE STUDY)

ABSTRACT

There are a number of peculiar features in West Africa which have definitely influenced trends...

Read more
INDECENT DRESSING AMONG UNDERGRADUATES: A CASE STUDY OF THE COLLEGE OF EDUCATION, EKIADOLOR, EDO STATE

ABSTRACT

Indecent dressing like other social vices has eaten deep into the lives of the youths, especia...

Read more
THE NIGER DELTA CRISIS – AN EVALUATION OF THE MANAGEMENT OF THE AMNESTY OPTION

ABSTRACT

Oil producing communities of Nigeria known as the Niger Delta region has been a region characterized with fierc...

Read more
THE EFFECT RATE OF FERTILIZER APPLICATION ON VEGETABLE (TELFAIRIA OCCIDENTALIS)

ABSTRACT

Field trials were conducted at the Imo poly Farm, Imo State Polytechnic Umuagwo in 2014 to determine the effect...

Read more
AN EXAMINATION OF LEADERSHIP STYLES AND EMPLOYEE COMMITMENT

EXCERPT FROM THE STUDY

  1. Positive and effective leadership style has influences on employees commitment.
  2. Read more
    Share this page with your friends




whatsapp