IDEAS home Printed from https://ideas.repec.org/a/pkp/ijobem/v1y2014i6p88-100id1110.html
   My bibliography  Save this article

An Enquiry into the Contributions of Microfinance Institutions Towards the Development of Small Scale Business in Nigeria

Author

Listed:
  • Lawal Adedoyin Isola
  • Omoluabi Ehis Taiwo
  • Ahmed Victor
  • Babalola Kehinde Leke

Abstract

This paper examined the impact of Microfinance Institutions’ policies on the growth and development of Small Scale Business in Nigeria for the period 2005 to 2012. Nine (9) Microfinance Institutions and one hundred and fifty five (155) of their clients were interviewed. Records from the period shows that there is an increase in the numbers of savings and loans made by the Micro Finance Institutions, this signifies a rise in the need for Microfinance Institutions services in the economy. The study adopts the use of Multiple Regression Analysis to regress the relationship between the dependent variable and independent variables. We also employed the use of Analysis of Variance to determine the strength of the Regression Analysis. The OLS result suggests existence of positive relationship between both the dependent and independent relationship. Our findings suggested that macroeconomic policy should be designed in such a way that will encourage the survival of Microfinance Institutions and attracts low income – informal sector which in turn leads to increase in productivity and employment generation.

Suggested Citation

  • Lawal Adedoyin Isola & Omoluabi Ehis Taiwo & Ahmed Victor & Babalola Kehinde Leke, 2014. "An Enquiry into the Contributions of Microfinance Institutions Towards the Development of Small Scale Business in Nigeria," International Journal of Business, Economics and Management, Conscientia Beam, vol. 1(6), pages 88-100.
    • Handle: RePEc:pkp:ijobem:v:1:y:2014:i:6:p:88-100:id:1110
    as

    Download full text from publisher

    File URL: https://archive.conscientiabeam.com/index.php/62/article/view/1110/1551
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Przemyslaw Pluskota, 2021. "Activity of Regional Microfinance Institutions in Terms of Regional Development," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 590-614.
    2. Tran Thi Bach Yen & Le Binh Minh & Tran Thu Huong, 2019. "Analyzing the Barriers to Innovation Development in Emerging Economies: Vietnamese Small and Medium Enterprises (SMEs) as an Empirical Case," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 9(1), pages 64-77, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pkp:ijobem:v:1:y:2014:i:6:p:88-100:id:1110. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dim Michael (email available below). General contact details of provider: https://archive.conscientiabeam.com/index.php/62/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.