hello@iresearchng.com Opening: Mondays - Sundays: 24hrs

EFFECTS OF MICROFINANCING ON MICRO AND SMALL ENTERPRISES (MSEs) IN SOUTHWEST NIGERIA

BANKING AND FINANCE
Project Research
Pages: 65
Available
Available
1-5 Chapters
Abstract Available
Available
Instant Download
NGN 5,000

Project Research Pages: 65 Available Available 1-5 Chapters Abstract Available Available Instant Download NGN 5,000

Get this Material Now
Project Research Pages: 65 Available Available 1-5 Chapters NGN 5,000 Abstract Available Available Instant Download
EFFECTS OF MICROFINANCING ON MICRO AND SMALL ENTERPRISES (MSEs) IN SOUTHWEST NIGERIA

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. Variables 
were  used to evolve  a detailed analysis of  the survival and growth models.  The theoretical  models  were  used in developing four  different hypotheses  that were investigated through the survey of  four hundred and forty three (443) micro enterprises and one hundred and eighty (180) small enterprises which were randomly selected using multi-stage random sampling technique.  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. 

EFFECTS OF MICROFINANCING ON MICRO AND SMALL ENTERPRISES (MSEs) IN SOUTHWEST NIGERIA

NOT THE TOPIC YOU ARE LOOKING FOR?


SUGGEST A TOPIC

OR

Try searching for your topic

Confuse about anything?

Call or WhatsApp us

+234 810 144 4147

Or reach us via email

hello@iresearchng.com

How do I get the Complete Project material on EFFECTS OF MICROFINANCING ON MICRO AND SMALL ENTERPRISES (MSEs) IN SOUTHWEST NIGERIA

Once payment is made, kindly send us your project topic, email address and payment name to +234 810 144 4147

Once payment is confirmed, Project materials will be sent to your email

What's your project topic?

Related Project Topics

Projects By Departments

Explore Thousands of Research Project Topics.

Get project material instantly!