Since the advent of microfinance banking in bangladesh in the mid 1970's, several countries have copied this financing model the seeming popularity of this model among developing countries is predicated on poverty reduction prospect it offers the nigerian government cued into this popular thinking in. International market further aggravated the poverty condition in nigeria the government policy on fuel subsidy removal in 2011 worsens the poverty situation microfinance has been adjudged as a reliable tool for poverty alleviation it can be used to boost the investment which eventually entails the reduction of poverty. It is hereby declared that this research work titled “the impact of microfinance on welfare and poverty alleviation in southwest nigeria” was undertaken by mr joseph niyan taiwo and it was based on his original study in the department of banking and finance, school of business, college of development studies. Micro-credit as a strategy for poverty alleviation among women entrepreneurs in nasarawa state, nigeria adama j idris, department of business administration and management federal polytechnic, nasarawa, nasarawa state, nigeria kenneth chukwujioke agbim, business administration department, college of. Help alleviate poverty especially in the rural areas the establishment of spec this purpose remains one of the key frontiers for achieving this goal this s aimed at evaluating the impact of microcredit on poverty reduction in nigeria 1999 to 2014 the study also captured the effects of microfinance banks siz. The impact of nigeria microfinance banks on poverty reduction: imo state experience okezie a ihugba bankoli bankong ebomuche, nc department of economics, alvan ikoku federal college of education owerri imo state nigeria doi:105901/mjss2013v4n16p97 abstract this paper attempts to. The role of microfinance banks in poverty reduction in nigeria nigeria is a great nation, opulent in population and natural resources like other nations she is faced with challenges of which every government of the day, organizations and individuals take considerable measures towards attaining a.
Institutions such as the world bank and the united nations development programme (undp), as well as national governments microfinance is still a relatively new phenomenon in nigeria as it was just employed as a strategy for poverty reduction in december 2005 the first microfinance bank can be. Eliminate poverty and unemployment among women with a view to promoting inclusive growth and development in nigeria the rest of the paper is structured as follows section two presents the theoretical and literature review section three appraises microfinance and other poverty reduction strategies from a gender. This paper examines if nigerian microfinance programs are being effective in microfinance, poverty and youth unemployment of nigeria: a review mazharul h kazi & john e leonard abstract - this paper acknowledges that poverty is a curse, not only for the employment generation, poverty alleviation, family size. This research examines the relationship microfinance and poverty alleviation in nigeria, to understand the effectiveness of micro credit within the context of its current practice in edo state in particular, and the nation as a whole as a tool for wealth creation and capital accumulation among the poverty stricken populace and.
Microfinance programme has been generally regarded as a development strategy that can enhance the economic performance of the poor the government of nigeria has made concerted efforts to alleviate poverty in the country one of such efforts is poverty alleviation through microfinance loan but poverty still remains. Microfinance and poverty reduction in nigeria: a case study of lapo microfinance bank owolabi, oluwatomi ehagbor (2015) microfinance and poverty reduction in nigeria: a case study of lapo microfinance bank phd thesis, university of leeds. The empirical relationship between microfinance loan disbursement and poverty alleviation was tested in this paper by employing chi-square test, f-test and t-test the findings revealed that there is a significant difference between those people who used microfinance institutions and those who do not use them there is a.
This paper attempts to provide a critical assessment of microfinance as a strategy for poverty reduction in nigeria it argues that while microfinance has developed some innovative management and business strategies, its impact on poverty reduction remains in doubt microfinance, however, certainly plays an important role. Abstract this research work focuses on the impact of microfinance institutions ( mfis) in reducing poverty in nigeria it examines whether the credit and financial facilities provided by the mfis especially the microfinance banks (mfbs) and cooperative investment and credit soceities (cicss) to the informal sector and micro. Globally, there are several failed policies by governments, particularly in nigeria over the years aimed at poverty alleviation this study examines microfinance scheme towards the dispersion of credit amongst the working poor draws from the data collected from field survey and these were reported using tables, frequency. Abstract poverty has been one of the major problems of mankind and its reduction/alleviation is imperative for societal progress poverty is viewed largely as a problem of the poor earning too little income, consuming too little to attain a socially acceptable standard of living microfinance is a key.
In uganda, the optimism over the role and the movement of microfinance as a poverty reduction intervention is increasingly becoming cooperation dr mustafpha muktar (2011) poverty alleviation as a machinery for economic reconstruction in nigeria edin kathryn and laura lein (1997) work, welfare and single. Microfinance and poverty reduction in rural nigeria osaore aideyan savings and development vol 33(2009), no 3, pp 293-317 there is extensive experience in microfinance provision in africa, but relatively few empirical studies on the social and economic benefits to clients this paper draws on original surveys of 281. This study examines the extent to which microfinance has impacted poverty reduction in nigeria economic and psychological theories provide the theoretical framework for the study it collects data from mfi members and non-members in rural communities of lagos state the study tests the empirical relationship between. This study is focused on the identification of critical factors that cause poverty in nigeria and the investigation of the extent to which microfinance institutions have helped in the alleviation of poverty to identify the critical factors, the researcher adapts the data on reasons for poverty generated by national.
27 impact of micro-credit on poverty alleviation in nigeria – the case of enugu east local council 1 dr agbaeze e k and i o onwuka 2 1 department of management, university of nigeria, enugu campus, nigeria 2 department of banking & finance, university of nigeria, enugu campus. Islamic micro finance bank: an alternative tool for poverty alleviation in northern nigeria mustapha hussaini sule lamido university abstract despite the modest achievements recorded by microfinance banks in nigeria, the poverty rate in the country remains daunting and that. Microfinancing for poverty reduction and economic development a case for nigeria awojobi, omotola and bein, murad (2010): microfinancing for poverty reduction and economic development a case for nigeria published in: international research journal of finance and economics , vol 1, no.
The broad objective of this study was to examine the operations of microfinance banks in anambra state and to assess their contribution to poverty alleviation. This study attempts to understand how islamic microfinance as a financial inclusion strategy can be applied in alleviating poverty and maintain sustainable development in nigeria it analyses the convergence of microfinance and islamic finance in providing financial access to the poor in compliance with. This study investigates the relationship between microfinance and poverty reduction in bayelsa state of nigeria relevant literatures were reviewed for the study to guide the study, four hypotheses were developed they were used to measure the main variables of the study the target population for this study was all.