THE IMPACT OF MICRO-FINANCE BANK TO THE DEVELOPMENT OF ECONOMIC OF THE RURAL OF THE DWELLER
CHAPTER ONE
1.0 INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Osogbo microfinance bankers the first micro – finance bank in Osun State commissioned by the former governor Alhaji Isiaka Adeleke on Monday 31th Dec, 1992 at Osogbo Local Government Area of Osun State. The project took off in the country with a mandate from the presidency to improve the lost of people through credit facilities devoid of conventional banking bottle necks and its operating capital boss supplied by unfired community.
This community provides the building for the operation and the management staff a well ass the board and the truster. The idea is that when such collective money is given out as loans, there won’t be much difficult in recovering it back as at when due.
1.2 STATEMENT OF THE STUDY
During the research, a lot of problems were encounter that is lack of cooperation on the part of osogbo micro-finance bank staff and their customer. Some of the respondents were not frequently turn up for interviews organized by the researchers. Therefore, the researcher has to be punctual in order to get the reliable sources.
On the part of the researchers, Non-Availability of enough time and financial problem created have in the process of writing this project.
1.3 JUSTIFICATION OF THE STUDY
The main reason why we study osogbo micro-financial bank us to know the affairs of the bank in the area of how the management from the top lowest level operate in the community.
Also the purpose is to know how far the osogbo micro-finance bank has contributed to the economic well being of the great nation – Nigeria. And to know how effective is micro-finance bank in the area of Agricultural sector.
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