MICROFINANCE INSTITUTIONS (MFIs) CONTRIBUTIONS TOWARDS ENTREPRENEURSHIP DEVELOPMENT IN AWKA SOUTH LOCAL GOVERNMENT AREA OF ANAMBRA STATE NIGERIA
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Abstract
This study examines microfinance Institutions(MFIs) contributions towards entrepreneurship development in Awka South Local Government Area of Anambra State ,Nigeria .The study was descriptive using questionnaire to source data from sampled small-scale entrepreneurs in Awka South .The data obtained were analysed using the Chi-Square (x2) test. The result from the test however shows that microfinance has an impact on entrepreneurial development and alsothat there is a significant relationship between entrepreneurial development and industrial development of Anambra State. However, microfinance has been able to fulfill part of its objectives of extending microcredit to the economically active poor. It was concluded that microfinance institutions and their activities go a long way in the determination of the pattern and level of economic activities and entrepreneurial development in the Nigerian economy. The study recommends that entrepreneurs should be more receptive to new ideas and be prepared to make financial commitments to ensure growth. It was also recommended that guidelines by microfinance institutions to finance entrepreneurship be more flexible to accommodate the entrepreneurs to ensure success in the Small and MediumEnterprise (SME)
Title page i
Approval page ii
Declaration iii
Dedication iv
Acknowledgement v
Abstract vi
Table of contentv vii
CHAPTER
ONE/INTRODUCTION
1.1 Background To The Study 1
1.2 Statement of the Problem 4
1.3 Research Questions 6
1.4 Objectives of the Study 6
1.5Research Hypothesis 7
1.6 Scope of A Study. 7
1.7 Significance of A Study. 7
1.8 Limitation of the Study. 8
1.9 Operational Definition of Terms 8
CHAPTER TWO/LITERATUREREVIEW
2.1 Concept of Microfinance 10
2.2 History of Microfinance 12
2.3 Microfinance Banks (MFBs) 17
2.4 Objectives of Microfinance Banks 19
2.5 Nigeria Microfinance Policy Strategies 20
2.6 Microfinance Policy Targets 21
2.7 Microfinance Policy Objectives 22
2. 8 Microfinance Strategy 23
2.9 Objectives of Microfinance Institutions 26
2.10.Microfinance Theory 29
2.10.1 Entrepreneurial Theory 33
2.10.2 Theory of Economic Development 34
CHAPTER THREE/METHODOLOGY
3.1Research Design 37
3.2 The study Area 37
3.3 Population of the Study 37
3.4 Sample and Sampling Techniques 37
3.5Methodsof Data Collection 39
3.6 Source of data 39
3. 7 Method of Data Analysis 39
CHAPTER FOUR/DATA PRESENTATION, ANALYSIS AND DISCUSSION
4.1 Introduction 40
4.2 Data Presentation and Discussion 41
CHAPTER FIVE/SUMMARY, CONCLUSION ANDRECOMMENDATIONS
5.1 Summary of the Study 50
5.2 Conclusion 51
MICROFINANCE INSTITUTIONS (MFIs) CONTRIBUTIONS TOWARDS ENTREPRENEURSHIP DEVELOPMENT IN AWKA SOUTH LOCAL GOVERNMENT AREA OF ANAMBRA STATE NIGERIA
This study examines microfinance Institutions(MFIs) contributions towards entrepreneurship development in Awka South Local Government Area of Anambra State ,Nigeria .The study was descriptive using questionnaire to source data from sampled small-scale entrepreneurs in Awka South .The data obtained were analysed using the Chi-Square (x2) test. The result from the test however shows that microfinance has an impact on entrepreneurial development and alsothat there is a significant relationship between entrepreneurial development and industrial development of Anambra State. However, microfinance has been able to fulfill part of its objectives of extending microcredit to the economically active poor. It was concluded that microfinance institutions and their activities go a long way in the determination of the pattern and level of economic activities and entrepreneurial development in the Nigerian economy. The study recommends that entrepreneurs should be more receptive to new ideas and be prepared to make financial commitments to ensure growth. It was also recommended that guidelines by microfinance institutions to finance entrepreneurship be more flexible to accommodate the entrepreneurs to ensure success in the Small and MediumEnterprise (SME)
Table of contents
Title page i
Approval page ii
Declaration iii
Dedication iv
Acknowledgement v
Abstract vi
Table of contentv vii
CHAPTER
ONE/INTRODUCTION
1.1 Background To The Study 1
1.2 Statement of the Problem 4
1.3 Research Questions 6
1.4 Objectives of the Study 6
1.5Research Hypothesis 7
1.6 Scope of A Study. 7
1.7 Significance of A Study. 7
1.8 Limitation of the Study. 8
1.9 Operational Definition of Terms 8
CHAPTER TWO/LITERATUREREVIEW
2.1 Concept of Microfinance 10
2.2 History of Microfinance 12
2.3 Microfinance Banks (MFBs) 17
2.4 Objectives of Microfinance Banks 19
2.5 Nigeria Microfinance Policy Strategies 20
2.6 Microfinance Policy Targets 21
2.7 Microfinance Policy Objectives 22
2. 8 Microfinance Strategy 23
2.9 Objectives of Microfinance Institutions 26
2.10.Microfinance Theory 29
2.10.1 Entrepreneurial Theory 33
2.10.2 Theory of Economic Development 34
CHAPTER THREE/METHODOLOGY
3.1Research Design 37
3.2 The study Area 37
3.3 Population of the Study 37
3.4 Sample and Sampling Techniques 37
3.5Methodsof Data Collection 39
3.6 Source of data 39
3. 7 Method of Data Analysis 39
CHAPTER FOUR/DATA PRESENTATION, ANALYSIS AND DISCUSSION
4.1 Introduction 40
4.2 Data Presentation and Discussion 41
CHAPTER FIVE/SUMMARY, CONCLUSION ANDRECOMMENDATIONS
5.1 Summary of the Study 50
5.2 Conclusion 51
MICROFINANCE INSTITUTIONS (MFIs) CONTRIBUTIONS TOWARDS ENTREPRENEURSHIP DEVELOPMENT IN AWKA SOUTH LOCAL GOVERNMENT AREA OF ANAMBRA STATE NIGERIA
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