ABSTRACT
The
introduction of microfinance banks in Nigeria is the inability of Nigerian
Deposit Money Banks to provide sufficient financial service to the rural poor.
Microfinance banks have taken up the challenges of the gap created by the
Nigerian Deposit Money Banks. Microfinance banks can be seen as an economic
growth method intended to advantage the low income part of a given country like
Nigeria, both rural poor and urban poor. The objective of this study is to
determine the impact of microfinance on rural transformation in Nigeria. The
methodology used by the researcher was descriptive research. The findings of
the study shows that micro-finance has impacted positively on the rural poor by
providing loans and advances for agriculture, investment opportunities, savings
mobilization and credit delivery; asset financing and community development
financing. Despite the achievements of microfinance in transforming the rural
areas they have been met with stiff difficulties like repayment problem,
illiteracy among the poor and inadequate or non-monitoring of micro and small
enterprises by the micro financial institutions. The following recommendations
were made to address the issues: To match products to customer needs,
examination of cash flows and repayment cycles, broaden the range of products
and services to the poor and regulatory authorities should look closer to the
activities of the microfinance banks.
TABLE OF
CONTENT
Title page i
Certification
ii
Dedication
iii
Acknowledgement iv
Abstract
v
Table of Content vi
CHAPTER
ONE
1.0 Introduction
>1.1
Background to the Study
>1.2
Statement of the Problem
1.3
Objectives of the Study
1.4
Research Hypotheses
>1.5
Scope of the Study
1.7 Significance of the Study
1.8 justification of the study
>1.9
Definition of relevant Terminology
CHAPTER TWO
2.0 Literature Review
>2.1 Introduction
2.2 Assessment of Rural Sustainable Development by Micro-Finance
Banks in Nigeria
2.2.1 >Impact
of Microfinance on Rural Agricultural Transformation
2.2.2 Overview
of Microfinance Activities in Nigeria
2.2.3 Microfinance Policies and Goals
2.3 Agricultural
Financing Policies and Rural Development in Nigeria
2.3.1 Reasons for Government Policies on the
Financing of Agriculture
bold">
2.3.2 Overview
of the Agricultural Finance Policies in Nigeria
>2.4 Assessing Agricultural Policies in Relation to Rural
Development
2.5 Challenges
of Agricultural Financial Policies
2.6 Theoretical
Framework
2.6.1
Microfinance Policy Initiative in Nigeria
2.6.2Justification
for the Establishment of Microfinance Banks.
2.7 Empirical
Review
2.8 Conceptual Framework
">CHAPTER THREE
3.0 RESEARCH METHODOLOGY
3.1 Introduction
>3.2 Area of study
>3.3 Population of the study and
3.4 Research Design
>3.5 Sample
and >Sampling
Technique
3.6 Instrument of Data Collection
3.7 Reliability and VALIDITY of the Instruments
3.8 Data
Collection Procedures
3.9 Method of Data Analysis
>CHAPTER FOUR:
4.1 Data presentation
>4.2 Summary of responses
>4.3 Test of hypothesis
CHAPTER FIVE: ">
5.1 Summary of Findings >5.2 Conclusion
">5.3 Recommendations
">5.4 Suggestions for
further research studies
References
Appendices
