Microfinance banks and the economic empowerment of small and medium scale entrepreneurs in Kwara State of Nigeria

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dc.contributor.authorAbdulkadir, Rihanat Idowu
dc.contributor.authorNoah, A.O
dc.date.accessioned2021-02-17T12:44:30Z
dc.date.available2021-02-17T12:44:30Z
dc.date.issued2011
dc.description.abstractMicrofinance banking which started formally in Bangladesh was introduced in Nigeria to take the place of community banking. This is with the hope that this policy will enable financial services (especially credit facilities) to extend to the grassroots and empower the small and medium scale entrepreneurs economically. It is based on this that the study was carried out to examine to what extent these entrepreneurs have been empowered by the microfinance banks. In doing this, three hypotheses were put forward and tested using T-test, ANOVA and Duncan range test. The results of the hypothesis basically revealed that microfinance banks have actually empowered these entrepreneurs effectively through credit facilities given to them. Also, the results show that the service providers benefit more than those in the trading and manufacturing segment. It is based on this finding that the study recommends amongst others that the microfinance banks should not only provide these credit facilities but should also create awareness for their customers on how they can continue to employ the funds collected gainfully to better their lives.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/4351
dc.language.isoenen_US
dc.publisherDepartment of Business Administration, Ibrahim Badamasi Babangida University, Lapaien_US
dc.subjectMicrofinanceen_US
dc.subjectEconomic Empowermenten_US
dc.subjectSmall and Medium Scale Entrepreneursen_US
dc.titleMicrofinance banks and the economic empowerment of small and medium scale entrepreneurs in Kwara State of Nigeriaen_US
dc.typeArticleen_US

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