Evaluation Of Funding Arrangements For Small And Medium Scale Enterprises In Nigeria (A Survey Research Of Selected Small And Medium Scale Enterprises In Umuahia, Abia State)
ABSTRACT
This study which
seeks to evaluate the alternative funding arrangements available to the small
and medium enterprises in Nigeria, using selected 'companies in Abia State. The
study also seeks to examine the source of funds available for the start — up
and expansion of small and medium enterprises, determine the barriers to credit
expansion, identify sustainable sources of funding these businesses, and also
identify ways of improving credit availability and delivery to small and medium
enterprises. The methods of data collected specifically for this study are the
questionnaires, personal interview and documentary. The statistical technique
used in analyzing the data in this study is the chi-square method of analysis.
The study revealed that the major sources of credit available for the
establishment and expansion of small and medium enterprises in Nigeria are
personal savings, and banks. It is therefore, important to consider conditions
that would ensure sustained growth in this sector. The sector should be seen as
an important sector of the economy requiring specific incentives to assist its
development. Government can foster its development by improving their access to
credits which requires an increase in the number of financial institutions that
find lending to small and medium enterprises to be profitable and at
preferential interest can go a long way to boost the sector.
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ONYEABOR, P (2021). Evaluation Of Funding Arrangements For Small And Medium Scale Enterprises In Nigeria (A Survey Research Of Selected Small And Medium Scale Enterprises In Umuahia, Abia State). Repository.mouau.edu.ng: Retrieved Nov 25, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-funding-arrangements-for-small-and-medium-scale-enterprises-in-nigeria-a-survey-research-of-selected-small-and-medium-scale-enterprises-in-umuahia-abia-state-7-2
PEACE, ONYEABOR. "Evaluation Of Funding Arrangements For Small And Medium Scale Enterprises In Nigeria (A Survey Research Of Selected Small And Medium Scale Enterprises In Umuahia, Abia State)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 08 Nov. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-funding-arrangements-for-small-and-medium-scale-enterprises-in-nigeria-a-survey-research-of-selected-small-and-medium-scale-enterprises-in-umuahia-abia-state-7-2. Accessed 25 Nov. 2024.
PEACE, ONYEABOR. "Evaluation Of Funding Arrangements For Small And Medium Scale Enterprises In Nigeria (A Survey Research Of Selected Small And Medium Scale Enterprises In Umuahia, Abia State)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 08 Nov. 2021. Web. 25 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-funding-arrangements-for-small-and-medium-scale-enterprises-in-nigeria-a-survey-research-of-selected-small-and-medium-scale-enterprises-in-umuahia-abia-state-7-2 >.
PEACE, ONYEABOR. "Evaluation Of Funding Arrangements For Small And Medium Scale Enterprises In Nigeria (A Survey Research Of Selected Small And Medium Scale Enterprises In Umuahia, Abia State)" Repository.mouau.edu.ng (2021). Accessed 25 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-funding-arrangements-for-small-and-medium-scale-enterprises-in-nigeria-a-survey-research-of-selected-small-and-medium-scale-enterprises-in-umuahia-abia-state-7-2