Full Project – THE ROLE OF MICROFINANCE BANKS ON THE PERFORMANCE OF SMALL SCALE BUSINESSES

Full Project – THE ROLE OF MICROFINANCE BANKS ON THE PERFORMANCE OF SMALL SCALE BUSINESSES

Click here to Get this Complete Project Chapter 1-5

CHAPTER ONE

   INTRODUCTION

1.1       BACKGROUND TO THE STUDY

According to Otero (2004), microfinance is “the provision of financial services to low-income and very poor self-employed individuals.” According to Ledgerwood (2004), these financial services normally comprise savings and credit, but may also include other financial products such as insurance and payment services. Schreiner and Colombet (2006) describe microfinance as “the effort to increase impoverished households’ access to modest deposits and small loans.” Thus, microfinance entails the provision of financial services such as savings, loans, and insurance to low-income individuals residing in urban and rural areas who are unable to access such services through the traditional banking sector.

 

Small and medium-sized firms are often thought to be the engine of economic development, as they account for the majority of commercial operations in a developing country like Nigeria. This is demonstrated by the following: job creation, rural development, economic growth and industrialization, and improved utilization of indigenous resources (Ashamu, 2014).

The microfinance movement’s origins are most closely identified with economist Muhammed Yunus, who was a professor in Bangladesh in the early 1970’s. During a countrywide famine, he began offering modest loans to impoverished people in adjacent villages in an attempt to break their cycle of poverty. Financial services that enable impoverished individuals to save during prosperous times and borrow or collect insurance when necessary enable them to maintain a steady level of consumption without surrendering income-generating assets. Microfinance can also be used to extend or pursue new business prospects, allowing underprivileged individuals to supplement or diversify their income sources.

Get the Complete Project

This is a premium project material and the complete research project plus questionnaires and references can be gotten at an affordable rate of N3,000 for Nigerian clients and $8 for international clients.

Click here to Get this Complete Project Chapter 1-5

 

 

 

 

 

You can also check other Research Project here:

  1. Accounting Research Project
  2. Adult Education
  3. Agricultural Science
  4. Banking & Finance
  5. Biblical Theology & CRS
  6. Biblical Theology and CRS
  7. Biology Education
  8. Business Administration
  9. Computer Engineering Project
  10. Computer Science 2
  11. Criminology Research Project
  12. Early Childhood Education
  13. Economic Education
  14. Education Research Project
  15. Educational Administration and Planning Research Project
  16. English
  17. English Education
  18. Entrepreneurship
  19. Environmental Sciences Research Project
  20. Guidance and Counselling Research Project
  21. History Education
  22. Human Kinetics and Health Education
  23. Management
  24. Maritime and Transportation
  25. Marketing
  26. Marketing Research Project 2
  27. Mass Communication
  28. Mathematics Education
  29. Medical Biochemistry Project
  30. Organizational Behaviour

32    Other Projects pdf doc

  1. Political Science
  2. Psychology
  3. Public Administration
  4. Public Health Research Project
  5. More Research Project
  6. Transportation Management
  7. Nursing

Education

 

 

Full Project – THE ROLE OF MICROFINANCE BANKS ON THE PERFORMANCE OF SMALL SCALE BUSINESSES