Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A
ABSTRACT
The
study investigated on effect ofmicro-finance banking on rural development in
Nigeria. The major objectives of the study are to examine the effect of
microfinance bank credit on rural development, to determine the effect
ofmicrofinance banks loan on agricultural andproductivity and to ascertain the
effect ofmicrofinance bank on job creation in rural areas. The researcher
adopted primary data in getting the required information. In testing the
hypotheses, regression analysis was used was used. The findings revealed that
microfinance bank credit has a significant effect on rural development. The
findingsfurther revealed that Microfinance banks loan has a significant effect
on agricultural productivity. The researcher recommends that the overall state
of liquidity should be improved so as to have a favourable impact on the
profitability of the company. The researcher also recommends that Microfinance
banks should develop an official credit-rating system in easier way, even ifin
a limited manner, in order to assist rural areas in their development,. The
studyfurther recommends that Microfinance banks should ensure that they are
socially responsible to their host community. That would contribute to rural
development.
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UMOREN, A (2024). Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A . Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2
ANTHONY, UMOREN. "Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A " Repository.mouau.edu.ng. Repository.mouau.edu.ng, 11 Mar. 2024, https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2. Accessed 23 Nov. 2024.
ANTHONY, UMOREN. "Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A ". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 11 Mar. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2 >.
ANTHONY, UMOREN. "Effect Of Microfinance Banking On Rural Development In Nigeria (A Study Of Ikpe Anang Microfinance Bank, Akwa Ibom State):- Umoren Mary A " Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpe-anang-microfinance-bank-akwa-ibom-state-umoren-mary-a-7-2