0704-883-0675     |      dataprojectng@gmail.com

EFFECTS OF MICROFINANCING ON MICRO AND SMALL ENTERPRISES (MSEs)

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

ABSTRACT

This  research  work  investigated the effects of micro-financing on  Micro and Small  Enterprises  (MSEs)  in South-west Nigeria. The study  examined how micro-finance and  non-financial micro-financing activities and features such as group membership, pre-loan  training, cross guaranteeship, loan size, technical and managerial training, among others,  impact on  the  survival, growth, productivity  and performance  of  Micro and Small  Enterprises in Southwest Nigeria. The hypotheses formulated were developed around the  theories of  financial growth model, pecking order theory, and contract theory. Copies of well-structured  questionnaire were administered to entrepreneurs sampled. The validity and reliability of the instrument were measured  using Cronbach‟s  alpha  which gave a result  of 0.72, while predictive  form validity was 0.84. Four hypotheses were raised and tested at 0.05 significant levels. The findings revealed that micro finance and micro-financing enhance survival of Micro and Small Enterprises (MSEs) but not sufficient for growth and expansion of such Micro and Small  Enterprises.  The result also revealed that microfinance has positive effects on productivity and performance of local entrepreneurs.  The  findings from the    interview sessions revealed that micro financing is not effective and substantially being practiced in Nigeria as many MFBs  grant  more  individual loans  than group based loans, thereby increasing their running cost and putting their portfolio at risk. We therefore recommend a collective and cooperative support as a critical microfinance strategy in the form of solidarity groups at the local level; and at the national and regional level, a networking of groups  among operators of MFBs. We also recommend  that  enterprises  supported by MFBs should be linked up with larger financing window like the SMEEIS fund  or Strategic Partners for expansion and growth funding after survival.

 

 




FIND OTHER RELATED TOPICS


Related Project Materials

THE USE OF ARTIFICIAL INTELLIGENCE AND IT'S EFFECTS ON ACADEMIC PERFORMANCE OF UNDERGRADUATES: A STUDY OF AE-FUNAI STUDENTS

​​​​​​​Background of the study

Artificial intelligence (AI) has become an integral part of many industr...

Read more
IMPACT OF TWITTER BAN ON ELECTRONIC MEDIA IN NIGERIA ( A CASE STUDY OF ARISE TV AND CHANNELS TV)

ABSTRACT

The basic aim of this study is to examine the effect of twitter ban on electronic media using Arise and...

Read more
EFFECT OF COVID-19 LOCKDOWN ON MARRIAGES

ABSTRACT

The purpose of this study is to examine the effect of covid-19 lockdown on marriage using Lagos State as case s...

Read more
A Hybrid Adjacency and Time-Based Data Structure for Analysis of Temporal Networks

Background

Related Work I begin with background information on ways for representing temporal networks and data structures for storing (s...

Read more
EFFECT OF WORKFORCE DIVERSITY ON ORGANISATIONAL PRODUCTIVITY

EXCERPT FROM THE STUDY

Based on literature and survey carried out for this study, it is evident that diversity has a sig...

Read more
THE IMPACT OF TECHNOLOGY ON GOVERNMENTAL ACCOUNTING PRACTICES

THE IMPACT OF TECHNOLOGY ON GOVERNMENTAL ACCOUNTING PRACTICES

Abstract

This research examines the impact of technology on gover...

Read more
INFORMATION SEEKING BEHAVIOUR AND UTILIZATION OF INFORMATION COMMUNICATION TECHNOLOGY AMONG REPRODUCTIVE HEALTH PROFESSIONALS IN GENERAL HOSPITAL

ABSTRACT:- This study was carried out to examine the information seeking behaviour and utilization of information...

Read more
ANALYSIS OF URBAN LAND USE PLANNING IN MINNA, NIGERIA

ABSTRACT

Housing is a basic need of every human being just as food and clothing. Density simply refers to how much of a particular object...

Read more
IMPACT OF ICT ON STUDENTS ACADEMIC PERFORMANCE IN SECONDARY SCHOOLS

ABSTRACT 

This study investigates the impact of Information and Communication Technology (ICT) on academic performa...

Read more
EVALUATION OF COMPLIANCE LEVEL WITH LOCAL GOVERNMENT FINANCIAL REGULATIONS

Background of 

Share this page with your friends




whatsapp