ABSTRACT
Banking generally has been known to play significant roles in any economy including the Nigeria Economy. Since the inception of the First Bank in 1984, the country has witnessed tremendous growth. However, this development has been lopsided to the detriment of the rural areas. This necessitated the establishment of Microfinance bank. The idea of Microfinance banking was borne out of the desire of government to involve the grassroots in the socio-economic development of the nation, Mobilization of deposits, money creation through credit through credit allocation, administration of any payment system and intermediation between surplus deficits units of the economy. Microfinance banking which is a self sustaining financing institution owned and managed by a community for the purpose of providing credit banking and other financial services to its member was envisaged to help. This include discipline banking habits among the rural population and generate credit from within the communities to enhance the development of productive activities and purposeful improvement of the economic status of the communities among other things. This gave rise to this research to carefully examine if Macro finance Banks have contributed positively to the economic development of the rural develops taking Egor Local Government Areas as case studies, specifically the study will not only help in identifying the contributions of Macro finance Banks to rural economic development, but will also suggest and recommend ways or method of improving on the existing structure of Microfinance Banks. The contribution of Microfinance Bank to rural economic development. Since attaining independence, various fiscal and monetary policies have been enunciated with a view to attaining social and economic development.
TABLE OF CONTENT
CHAPTER ONE: INTRODUCTION
1.1 Background of the study - - - - - -5
1.2 Statement of the problem - - - - - -5
1.3 Research Questions- - - - - - - -6
1.4 Objectives of the study - - - - - -7
1.5 Research Hypothesis - - - - - - -7
1.6 Scope and Limitation of study- - - - - -8
1.7 Significance of the study - - - - -9
CHAPTER TWO: LITERATURE REVIEW AND
THEORETICAL FRAMEWORK
2.1 Introduction - - - - - - - - -9
2.1 Evolution of Bank in Nigeria- - - - - -9
2.2 The Contribution of Microfinance Banks to
Nigeria Rural Economic Development- - - -11
2.3 What is Microfinance Bank - - - - -12
2.4 Objectives of Microfinance Bank - - - -14
2.5 Role of microfinance banks in promotion
entrepreneurship in rural areas - - - -16
2.6 Challenges facing microfinance bank- - - -21
2.7 Microfinance policies and goals - - - - -23
2.8 Contribution of government in alleviation of poverty
through establishment of microfinance banks - -21
2.9 Supervision of Microfinance institution - - 23
2.10 Roles and responsibilities of the stakeholders - -24
2.11 Theoretical Framework - - - - - -25
CHAPTER THREE: RESEARCH METHODOLOGY
3.0 Research Design - - - - - - -28
3.1 Sample size and sampling technique - - -28
3.2 Population of the Study - - - - -28
3.3 Sample size and sampling technique - - - - 29
3.4 Instrument of research - - - - - -29
3.5 Method of data presentation and analysis - - -30
3.6 Validity and Reliability of the Instrument - - -30
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Data Presentation - - - - - - - -31
CHAPTER FIVE: SUMMARY OF FINDINGS, POLICY
RECOMMENDATION AND CONCLUSION
5.1 Summary of findings - - - - - - -42
5.2 Conclusion - - - - - - - -43
Bibliography - - - - - - - - - 45
Questionnaire - - - - - - - - 48
3.0 Research Design - - - - - - -28
3.1 Sample size and sampling technique - - -28
3.2 Population of the Study - - - - -28
3.3 Sample size and sampling technique - - - - 29
3.4 Instrument of research - - - - - -29
3.5 Method of data presentation and analysis - - -30
3.6 Validity and Reliability of the Instrument - - -30
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1 Data Presentation - - - - - - - -31
CHAPTER FIVE: SUMMARY OF FINDINGS, POLICY
RECOMMENDATION AND CONCLUSION
5.1 Summary of findings - - - - - - -42
5.2 Conclusion - - - - - - - -43
Bibliography - - - - - - - - - 45
Questionnaire - - - - - - - - 48
