EFFECTS OF MICRO FINANCING ON MICRO AND SMALL ENTERPRISES (MSEs) IN SOUTHWEST NIGERIA. A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
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 guarantee ship, 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 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.
MarcosHar says
tadalafil daily use: http://tadalafilonline20.com/ tadalafil daily use
MichaelFuLly says
usa pharmacy india: https://genericwdp.com/ best online international pharmacies india
MichaelFuLly says
buying prescription drugs from canada: https://genericwdp.com/ buy cheap prescription drugs online
MichaelFuLly says
generic drugs without doctor’s prescription india pharmacy mail order
Jeffreydrups says
viagra without a doctor prescription usa where to buy viagra online
viagra cost per pill
Jeffreydrups says
best place to buy viagra online over the counter viagra
viagra cost
Jeffreydrups says
viagra cost per pill viagra from canada
viagra amazon
Jeffreydrups says
viagra from canada over the counter viagra
viagra amazon
Jeffreydrups says
viagra cost generic viagra walmart
how much is viagra
StanleyPaf says
paxil insomnia paxil for depression
StanleyPaf says
buy paxil online 10mg paxil
ThomasRog says
п»їviagra pills https://viagrapills100.com/ viagra without a doctor prescription usa
ThomasRog says
best over the counter viagra https://viagrapills100.com/ viagra discount
ThomasRog says
cheap viagra online https://viagrapills100.com/ over the counter viagra
Elmerwheme says
ed pills online cheap ed pills
buy prescription drugs
Elmerwheme says
buy ed drugs buy ed drugs
cheap ed pills from canada
JasonMox says
http://gabapentinst.com/# neurontin 100 mg cap
JasonMox says
https://hydroxychloroquinest.com/# plaquenil 200 mg oral tablet
JasonMox says
https://gabapentinst.com/# neurontin tablets uk
ScottFoumE says
https://zithromaxproff.com/# generic zithromax over the counter
buy zithromax 500mg online
ScottFoumE says
https://zithromaxproff.com/# purchase zithromax z-pak
zithromax 500 mg lowest price drugstore online
ScottFoumE says
suprax for sale: minocin price
generic sumycin
ScottFoumE says
buy ciplox online: buy chloromycetin
order erythromycin
StevenGooto says
online medications from india: order medications online from india order prescription drugs from india
StevenGooto says
best online international pharmacies india: overseas pharmacies shipping to usa indian online pharmacies review
BillyCax says
generic viagra pills: cialis pills online generic viagra pills
BillyCax says
top erectile dysfunction pills: over the counter ed medication levitra pills
DaniloRab says
chat adult
free online dating
BillyCax says
mail order erectile dysfunction pills: top erectile dysfunction pills male erectile pills
JamesDar says
cheapest viagra online viagra without a doctor prescription canada viagra without a prescription
Timothytus says
free online dating
dating websites
JamesDar says
viagra coupons viagra without a prescription buying viagra online without prescription
Timothytus says
single chat line free
single chat line free
JamesDar says
https://clomidst.com/# clomid without prescription