Formal SMEs fiancing for rural poverty reduction: A study of selected local government area in kwara state.

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dc.contributor.authorAdebayo, P.O
dc.contributor.authorKadiri, I.B
dc.contributor.authorBadmus, D.A
dc.date.accessioned2018-05-21T12:04:24Z
dc.date.available2018-05-21T12:04:24Z
dc.date.issued2014-09-07
dc.description.abstractrecent development project in Nigeria has been concentrated on urban area with no regard for rural areas. these have resulted in poor economy growth and high concentration of poverty in the rural area. in an attempt to address this rural SMEs has become paramount. this study investigate the relationship between SMEs financing and rural poverty reduction. a survey of 120 SMEs were undertaking across tow local government area on strata of ago-allied, manufacturing, trading/service with the aid of questionnaire. a total of 80 copies correctly filled and returned questionnaire were analyzed with correlation and t-test analysis. the result of the findings revealed the correlation coefficient of SMEs finance and poverty reduction equal o0.685 i.e 68.5%. this implies that SMEs finance have a positive correlation with rural poverty reduction. as increase in the formal leads to decrease in the later. the study concludes that formal and informal finance available for rural SMEs operators are crossly inadequate to cater for their financial need. it is also concluded that poor access to financing is not the only SMEs constraint as other include low managerial skills, infrastructure inadequacy, poor policy support and asymmetry. the study recommends among other that government should provide a platform for credit guarantee that will be responsible for provide collateral for rural SMEs.en_US
dc.description.sponsorshipself sponsoren_US
dc.identifier.issn2488:9997
dc.identifier.urihttp://hdl.handle.net/123456789/243
dc.language.isoenen_US
dc.publisherDepartment of local government development studies. Ahmadu Bello University, Zariaen_US
dc.subjectSMEs financing,en_US
dc.subjectrural economy,en_US
dc.subjectjob creationen_US
dc.subjectrural poverty,en_US
dc.titleFormal SMEs fiancing for rural poverty reduction: A study of selected local government area in kwara state.en_US
dc.title.alternativeSMEs financing, Rural poverty, Rural economy and job creationen_US
dc.typeArticleen_US

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