THE EFFECT OF INTEREST RATE ON LOAN REPAYMENT IN MICRO FINANCE BANKS IN NIGERIA

  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN0599
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 54 Pages
  • Format: Microsoft Word
  • Views: 1.2K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

THE EFFECT OF INTEREST RATE ON LOAN REPAYMENT IN MICRO FINANCE BANKS IN NIGERIA

ABSTRACT

The study sought to appraise the effect of interest rate on loan repayment in microfinance institutions. Stanford Micro Finance Bank, a microfinance institution in uyo was used as a case study for the study. The research was conducted using questionnaires and interviews. In all 100 customers and 20 employees were sampled for the research. The SPSS software was used to analyse the data for the research. A systematic random sampling was used for the data collection. The findings of the research revealed that though interest rate plays a major role in loan repayment, other factors such as loan term and the repayment frequency also influence to a large extent the loan repayment. Customers indicated that though lower interest rate would enhance loan repayment, the issue of accessibility and availability of funds was paramount. To enhance loan repayment, the researcher recommends lower interest rate to ease loan repayment burden and loans granted should be amounts that customers can service. Again, micro-insurance could be established to protect the Institution and customers against any default

THE EFFECT OF INTEREST RATE ON LOAN REPAYMENT IN MICRO FINANCE BANKS IN NIGERIA
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN0599
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 54 Pages
  • Format: Microsoft Word
  • Views: 1.2K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN0599
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 54 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT  The research study was undertaken on the micro finance credit policy on loan repayment. The research was based on three objectives as, 1. To analyze the relationship between credit policies on loan repayment. n. To examine and evaluate loan repayment in the bank HI. To establish the credit policies applied in centenary rural development... Continue Reading
    ABSTRACT The research work shows roles of micro-finance banks in the growth of small business in Nigeria. This views the importance of micro-finance to the SMEs, how they tend to help small scale business evolve round the world successfully through loans and other aids. The major aim or objectives of this work is to examine the effectiveness of... Continue Reading
    ABSTRACT The research work shows roles of micro-finance banks in the growth of small business in Nigeria. This views the importance of micro-finance to the SMEs, how they tend to help small scale business evolve round the world successfully through loans and other aids. The major aim or objectives of this work is to examine the effectiveness of... Continue Reading
    ABSTRACT       The objective of this study is to evaluate agricultural loan disbursement and repayment in the Nigeria commercial banks. In particular it is intended to examine the adequacy and repayment in commercial banks. In carrying out this research both. Secondary data were collected through the use of quantitative and qualitative... Continue Reading
    Abstract This study examined the effect of interest rate margin on the performance of deposit money banks in Nigeria within the sample period of 1980 to 2016. The general objective was to verify how interest rate margin affects the performance of the deposit money banks. The data for this research work (Profitability Rate, Interest Rate, Monetary... Continue Reading
    Abstract This study examined the effect of interest rate margin on the performance of deposit money banks in Nigeria within the sample period of 1980 to 2016. The general objective was to verify how interest rate margin affects the performance of the deposit money banks. The data for this research work (Profitability Rate, Interest Rate, Monetary... Continue Reading
    Abstract Virtual lending was introduced to fasten loan repayments but the latter is still a challenge to commercial banks. Banks still experience delays in repayment of loans as well as loan defaults. Delays of repayment lead to an increase in in Kenya non-performing loans ratio, which in turn has a significant impact on the liquidity of the bank.... Continue Reading
    ABSTRACT The purpose of the study was to analyze the contribution of credit appraisal on loan recovery in microfinance institutions, Katwe branch using the objectives to examine the practice of credit assessment in Finca, Katwe Branch, to find out the challenges faced in recovering loans in Finca, Katwe Branch and to establish the relationship... Continue Reading
    ABSTRACT This  study  examine  the  impact  of  interest  rate  on  housing  finance  in  Nigeria.  The  objective  of  the  study  is  to  determine  how  interest  rate  has  contributed  to  housing  financing  in  Nigeria.  The  focus  was  on  deposit  money  banks  in  Nigeria.  Secondary  data ... Continue Reading
    CHAPTER ONE  RESEARCH DESIGN  1.1INTRODUCTION   In the era when planned economic development has been identified as a means of achieving economic take-off in developing countries, the study of some key institutions is imperative. This study is on the banking sector. Thus “An Evaluation of the Effect of Interest Rate on the Profitability of... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us