Impact Of Microfinance Banking On Grassroots Savings Mobilization In Nigeria (2008-2016)

ABSTRACT

The study examined the impact of microfinance banking on grassroots saving mobilization in Nigeria. Survey method was adopted using primary data collected from microfinance banks in Enugu State. Techniques of analysis used chi-square to test the research hypothesis of this study. From the result of the hypothesis tested, the study made the following findings, that microfinance institutions plays Significant impact on grassroots savings mobilization and that attitudes of commercial banks to microcredit scheme is unfavourable, thus, the study concludes that microfinance banking has a significant impact on savings mobilization in Nigeria, the study made the following recommendations that policies be made to help improve the performance of microfinance institutions in Nigeria.