ABSTRACT
This study investigated the impact of microfinance banks on financial inclusion in Nigeria using five selected microfinance banks in Abuja as a case study. The purpose of the study is to examine the impact of micro financing on financial inclusion in Nigeria and to see how other factors surrounding the microfinance banks affects financial inclusion.
A likert type questionnaire was used for data collection. A total of 100 respondents were randomly selected as sample for the study to represent the entire population from the five selected microfinance banks.
Three hypotheses were formulated to guide the study. These hypotheses were analysed by the researcher using chi-square statistical tool at 0.05 level of significant. The conclusion of the study were that, microfinance banks have impact on financial inclusion in Nigeria; also inadequate availability of Microfinance banks in ratio to the nation’s population in the country and inefficient technology based facilities of Microfinance banks and the rate of illiteracy among the people have negative effect on financial inclusion in Nigeria.
The study recommended that the supervisory authorities should enforce standards so as to address the issue of poor management of funds meant for credit disbursement and that there should be public enlightenment for the masses on access to microfinance funding.
TABLE OF CONTENT
CONTENTS PAGE
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Table of contents v
Abstract vii
CHAPTER ONE INTRODUCTION
1.1. Background of the Study 1
1.2. Statement of the Problems 3
1.3. Objectives of the Study 4
1.4. Research Questions 4
1.5. Statement of Hypotheses 5
1.6. Significance of the Study 5
1.7. Scope of the Study 6
CHAPTER TWO LITERATURE REVIEW
2.0 Introduction 7
2.1. Empirical Framework 7
2.2. Theoretical framework of the study 14
2.2.1. Concept of Financial inclusion 14
2.3. Concept of Microfinance 15
2.3.1. Challenges facing microfinance banks in Nigeria 17
2.3.2. Financial Inclusion: Access or Use? 18
2.3.3. Nigeria Financial Inclusion Strategy 20
2.3.4. Nigeria Microfinance Policy 20
CHAPTER THREE RESEARCH METHODOLOGY
3.1. Introduction 22
3.2. Research Design 22
3.3. Population of the Study 22
3.4. Sampling, Procedure and Sampling Size 23
3.5. Data Collection Instrument and Validation 23
3.6. Method of Data Analysis 24
CHAPTER FOUR DATA PRESENTATION, ANALYSIS AND DISCUSON
4.1. Introduction 25
4.2. Presentation and Analysis of Data 25
4.3. Analysis and Discussion of Data 35
CHAPTER FIVE SUMMARY, CONCLUSION AND RECOMMENDATION
5.1. Summary 37
5.2. Conclusion 38
5.3. Recommendations 40
5.4. Limitation of the study 41
Bibliography 42
Appendix I 47
Appendix II 49
