Impact Of Microfinance Banks On Development Of Small And Medium Scale Enterprises (A Study Of Umuahia South L.G.A Abia State)
ABSTRACT
The theoretical foundation of microfinance
banking model is Lu provide finance to sustain the development of small and
n1ccliu111 enterprises. This study was carried out to empirical ascertain the
role of microfinance banks in sustaining the cleve1op1nent of small and medium
enterprises in Nigeria. The study was carried out with the use of primary data
obtained through administration of questionnaire. The collated data was
analyzed using frequency/ simple percentage and regression analysis. The
ordinary least squares (OLS) estimation of two models revealed a positive and
statistically significant relationship between development of small and medium enterprise
and loan and repayment period of microfinance bank, while interest rate and
loan processing procedure are negative but statistically insignificant impact
on government grant and manpower had positive but statistically insignificant
impact on development of small and medium enterprises. It was suggested that
government should thinker with the current microfinance banking model and
revitalize the industrial development fund.
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ABAZIE, C (2023). Impact Of Microfinance Banks On Development Of Small And Medium Scale Enterprises (A Study Of Umuahia South L.G.A Abia State). Repository.mouau.edu.ng: Retrieved Dec 22, 2024, from https://repository.mouau.edu.ng/work/view/impact-of-microfinance-banks-on-development-of-small-and-medium-scale-enterprises-a-study-of-umuahia-south-lga-abia-state-7-2
C, ABAZIE. "Impact Of Microfinance Banks On Development Of Small And Medium Scale Enterprises (A Study Of Umuahia South L.G.A Abia State)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 11 Jul. 2023, https://repository.mouau.edu.ng/work/view/impact-of-microfinance-banks-on-development-of-small-and-medium-scale-enterprises-a-study-of-umuahia-south-lga-abia-state-7-2. Accessed 22 Dec. 2024.
C, ABAZIE. "Impact Of Microfinance Banks On Development Of Small And Medium Scale Enterprises (A Study Of Umuahia South L.G.A Abia State)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 11 Jul. 2023. Web. 22 Dec. 2024. < https://repository.mouau.edu.ng/work/view/impact-of-microfinance-banks-on-development-of-small-and-medium-scale-enterprises-a-study-of-umuahia-south-lga-abia-state-7-2 >.
C, ABAZIE. "Impact Of Microfinance Banks On Development Of Small And Medium Scale Enterprises (A Study Of Umuahia South L.G.A Abia State)" Repository.mouau.edu.ng (2023). Accessed 22 Dec. 2024. https://repository.mouau.edu.ng/work/view/impact-of-microfinance-banks-on-development-of-small-and-medium-scale-enterprises-a-study-of-umuahia-south-lga-abia-state-7-2