sitelogo
 Home»Accountancy» Impact of microfinance institutions on small scale enterprises development in Nigeria

Impact of microfinance institutions on small scale enterprises development in Nigeria

 Department: Accountancy  
 By: usericon mallamzuz  

 Project ID: 6398
   Rating:  (5.0) votes: 1
Rate this project
   Price:₦3000
Abstract
This study examines the impact of Microfinance Institutions in financing small-scale enterprises for economic growth in Nigeria. Time series data from the Central bank of Nigeria (CBN) report on the activities of Microfinance Institutions (MFIs) from 1992 to 2014 were used. Ordinary Least Square (OLS) regression analysis was used for the investigation. The findings revealed that there is a significant impact as, a result of microfinance institutions on the SMEs growth in Nigeria. There is also a significant effect of microfinance institutions in alleviating poverty by increasing income and changing the economic status of those who patronize them. The study concludes that microfinance institution is indeed a potent strategy of the government to reduce poverty and a viable tool for financial inclusion. The recommendations include that microfinance can only be an appropriate tool for poverty alleviation and increasing economic activities. Government should introduce more viable programmes outreach than the present by encouraging survival and continuity of MFIs so that rural dwellers can build confidence in them....
Preview +
Other Accountancy project topics and materials you might be interested in
»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu)
»The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )
»Internal control as a tool for improving profitability
»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )
»The role of financial institutions in the development of Nigeria economy
»The Impact of product development on banks performance ( A Case study of first bank plc )
»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )
»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state)
»The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )
»Auditing in Nigeria companies, problems and prospects
»The effects of computerized accounting system on the performance of banking industry in Nigeria
»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )
»Effect of misrepresentation of information in a financial statement
»The impact of development finance institutions (DFIS) in economic development of Nigeria
»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )

Upload Project

Do you have project materials to share? Upload and earn with it.

Departments