ABSTRACT
The research work shows roles of micro-finance banks in the growth of small business in Nigeria. This views the importance of micro-finance to the SMEs, how they tend to help small scale business evolve round the world successfully through loans and other aids. The major aim or objectives of this work is to examine the effectiveness of micro-finance banks in the supply of funds to SMEs and also to identify challenges facing micro-finance banks in provision of funds to SMEs.
Then the research will generally be introduced at the first chapter where the background of the study, purpose of the study, definition of terms and research questions will be carried out in chapter two. Chapter three which is research design and methodology in which stratified sampling and population of study is being found out. Presentation, analysis and interpretation of data will be taken case of in chapter four. Finally in chapter five, summary; of findings, recommendations and conclusion, bibliography and appendix.
The main objective of the study is to examine the role of micro-finance firms in the growth of small business in Nigeria, to analyze the policy and regulatory frameworks governing the activities of micro-finance firms in Nigeria, to highlight the goals of micro-finance firms, to see the justification and performance of the growth of micro-finance firms. Four hypothesis and research questions were formulated and asked respectively.
The total population used was 157 where 113 were sampled. Data were obtained from primary and secondary sources. Chi-square test was used to test the hypothesis formulated, the major findings at the end of this investigation shows how important and well the micro-finance firms provide their service to be more self reliant, increase employment opportunities and enhance household income, creation of more wealth and equal distribution of wealth to the economic growth.
On the bases of the above findings, the study recommends that finding of real production need to be promoted by the federal government and MFIs, the governments, should improve on the state of infrastructural facilities to reduce the transactional cost of MFIs, there should be a prudent fiscal and monitoring policy with incentives by CBN to MFIs, encourage news entrants in business by providing advisory assistance, etc.
TABLE OF CONTENTS
Title Page
Certification
Dedication
Acknowledgment
Abstract
Table of Content
CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
1.2 Statement of the Problem
1.3 The Objective of the Study
1.4 Research Question
1.5 Statement of Hypothesis
1.6 Significance of the Study
1.7 Scope of the Study
1.8 Limitation of the Study
1.9 Definition of Terms and Acronyms
CHAPTER TWO
LITERATURE REVIEW
2.1 Roles of Small Business in Nigeria
2.2 Overviewed of Micro-finance Activities in Nigeria
2.3 Importance and Objective of Micro-finance Firm to the Growth of Small Business
2.4 Main Service Provided to Micro-enterprises
2.5 The Goals of Micro-finance Banks
2.6 Policy Measures and their regulatory framework for micro-finance firms
2.7 Implementation and performance of the growth of micro-finance firms
2.8 Justification of the establishment of micro-finance firms
2.9 Impact of current Bank consolidation of micro-finance firms development growth
2.10 Summary of proposed guidelines for micro-finance institution (MFIs) in Nigeria prepared by Central Bank
2.11 History of Umuchinemere micro-finance bank
References
CHAPTER THREE
3.1 Research Design
3.2 Sources of Data
3.3 Population of the Study
3.4 Sample Size Determination and Sampling Technique
3.5 Stratified Sampling
3.6 Techniques of Analysis
3.7 Design Role
References
CHAPTER FOUR
PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA
4.1 Data Presentation
4.2 Statistical analysis
4.3 Testing of Hypothesis
4.4 Decision Rule
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1 Summary of Findings
5.2 Conclusion
5.3 Recommendation
Reference
Bibliography
Appendix
