IDEAS home Printed from https://ideas.repec.org/a/aif/journl/v4y2020i4p113-1124.html

Effect of Microfinance Banks Services on the Performance of Micro-Enterprises in Benue State, Nigeria

Author

Listed:
  • Adudu, Chiangi Adudu
  • Torough, Samuel
  • Asenge, Emmauel Lubem

Abstract

The study investigates the effect of microfinance banks services on the performance of micro-enterprises in Benue State, Nigeria. The study adopts a survey design and a sample of 350 respondents was determined from population 311,502 micro enterprises in Benue State. The questionnaire was subjected to validity and reliability using factor analysis and Cronboch Alpha respectively. Multiple regression was used data analysis and test of formulated hypotheses with the aid of the Statistical Package for Social Sciences (SPSS Version 21). Findings revealed that there is no significant effect of microfinance loan on performance of micro-enterprises in Benue State, Nigeria (p-value 0.631 > a 0.05). The study showed a positive significant effect of microfinance technical training on performance of micro-enterprises performance in Benue state, Nigeria (p-value 0.000

Suggested Citation

  • Adudu, Chiangi Adudu & Torough, Samuel & Asenge, Emmauel Lubem, 2020. "Effect of Microfinance Banks Services on the Performance of Micro-Enterprises in Benue State, Nigeria," International Journal of Science and Business, IJSAB International, vol. 4(4), pages 113-1124.
    • Handle: RePEc:aif:journl:v:4:y:2020:i:4:p:113-1124
    as

    Download full text from publisher

    File URL: https://ijsab.com/wp-content/uploads/518.pdf
    Download Restriction: no
    File URL: https://ijsab.com/volume-4-issue-4/2914
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Robert Cressy, 2006. "Why do Most Firms Die Young?," Small Business Economics, Springer, vol. 26(2), pages 103-116, March.
    2. Robert E. Carpenter & Bruce C. Petersen, 2002. "Is The Growth Of Small Firms Constrained By Internal Finance?," The Review of Economics and Statistics, MIT Press, vol. 84(2), pages 298-309, May.
    3. Lisa Daniels, 2003. "Factors that influence the expansion of the microenterprise sector: results from three national surveys in Zimbabwe," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(6), pages 675-692.
    4. Agarwal, Rajshree & Gort, Michael, 1996. "The Evolution of Markets and Entry, Exit and Survival of Firms," The Review of Economics and Statistics, MIT Press, vol. 78(3), pages 489-498, August.
    5. Yolande E. Chan & Niraj Bhargava & Christopher T. Street, 2006. "Having Arrived: The Homogeneity of High‐Growth Small Firms," Journal of Small Business Management, Taylor & Francis Journals, vol. 44(3), pages 426-440, July.
    6. Charles Mambula, 2002. "Perceptions of SME Growth Constraints in Nigeria," Journal of Small Business Management, Taylor & Francis Journals, vol. 40(1), pages 58-65, January.
    7. Eshetu Bekele & Zeleke Worku, 2008. "Factors That Affect The Long‐Term Survival Of Micro, Small And Medium Enterprises In Ethiopia," South African Journal of Economics, Economic Society of South Africa, vol. 76(3), pages 548-568, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ayambila, Sylvester Nsobire, 2014. "The Determinants of Non-Farm Micro and Small Enterprise Employment and Financial Performance in Ghana," Miscellaneous Publications 358829, University of Ghana, Institute of Statistical Social & Economic Research (ISSER).
    2. Idrees Khawaja & Sajawal Khan, 2016. "Growth Diagnostics: Pakistan," PIDE-Working Papers 2016:143, Pakistan Institute of Development Economics.
    3. Idrees Khawaja & Nasir Iqbal, 2019. "Determinants of Expansion of Micro and Small Firms and State of Entrepreneurship in Pakistan," PIDE-Working Papers 2019:160, Pakistan Institute of Development Economics.
    4. Marco Vivarelli, 2012. "Entrepreneurship and Post-Entry Performance: the Microeconomic Evidence," DISCE - Quaderni del Dipartimento di Scienze Economiche e Sociali dises1286, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE).
    5. Vivarelli, Marco, 2012. "Drivers of entrepreneurship and post-entry performance : microeconomic evidence from advanced and developing countries," Policy Research Working Paper Series 6245, The World Bank.
    6. Yvonne Schindele & Antje Weyh, 2011. "The direct employment effects of new businesses in Germany revisited: an empirical investigation for 1976–2004," Small Business Economics, Springer, vol. 36(3), pages 353-363, April.
    7. Masakure, Oliver & Cranfield, John & Henson, Spencer, 2008. "The Financial Performance of Non-farm Microenterprises in Ghana," World Development, Elsevier, vol. 36(12), pages 2733-2762, December.
    8. Vivarelli, Marco, 2012. "Entrepreneurship in Advanced and Developing Countries: A Microeconomic Perspective," IZA Discussion Papers 6513, Institute of Labor Economics (IZA).
    9. Enrico Santarelli & Marco Vivarelli, 2007. "Entrepreneurship and the process of firms’ entry, survival and growth," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 16(3), pages 455-488, June.
    10. Marco Vivarelli, 2013. "Is entrepreneurship necessarily good? Microeconomic evidence from developed and developing countries," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 22(6), pages 1453-1495, December.
    11. Abiola Babajide Ph.D, 2012. "Effects of Microfinance on Micro and Small Enterprises (MSEs) Growth in Nigeria," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 2(3), pages 463-477, July.
    12. Vesa Kanniainen & Panu Poutvaara, 2007. "Imperfect Transmission of Tacit Knowledge and other Barriers to Entrepreneurship," CESifo Working Paper Series 2053, CESifo.
    13. Cumming, Douglas & Deloof, Marc & Manigart, Sophie & Wright, Mike, 2019. "New directions in entrepreneurial finance," Journal of Banking & Finance, Elsevier, vol. 100(C), pages 252-260.
    14. Jie Ning & Matthew J. Sobel, 2018. "Production and Capacity Management with Internal Financing," Manufacturing & Service Operations Management, INFORMS, vol. 20(1), pages 147-160, February.
    15. Blandina Oliveira & Adelino Fortunato, 2006. "Firm Growth and Liquidity Constraints: A Dynamic Analysis," Small Business Economics, Springer, vol. 27(2), pages 139-156, October.
    16. Magnus Schückes & Tobias Gutmann, 2021. "Why do startups pursue initial coin offerings (ICOs)? The role of economic drivers and social identity on funding choice," Small Business Economics, Springer, vol. 57(2), pages 1027-1052, August.
    17. Massimo Colombo & Annalisa Croce & Samuele Murtinu, 2014. "Ownership structure, horizontal agency costs and the performance of high-tech entrepreneurial firms," Small Business Economics, Springer, vol. 42(2), pages 265-282, February.
    18. Mohammad Ali Jamali & Nor Ghani Md Nor, 2012. "Growth of Firms in Manufacturing Sector," Global Business Review, International Management Institute, vol. 13(1), pages 51-68, February.
    19. Hédia Fourati & Rihab Ben Attitalah, 2018. "Entrepreneurial Optimism, The Nature Of Entrepreneurial Experience And Debt Decision For Business Start-Up," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 22(03), pages 1-26, April.
    20. Kim, Sang-Joon & Bae, John & Oh, Hannah, 2019. "Financing strategically: The moderation effect of marketing activities on the bifurcated relationship between debt level and firm valuation of small and medium enterprises," The North American Journal of Economics and Finance, Elsevier, vol. 48(C), pages 663-681.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    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:aif:journl:v:4:y:2020:i:4:p:113-1124. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Farjana Rahman (email available below). General contact details of provider: .

    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.