This study assessed the effect of cooperative microfinance on the performance of women entrepreneurship in Kwara State, Nigeria. Specifically, the study identified entrepreneurial activities carried out by the women entrepreneurs, contributions of cooperative entrepreneurial activities to the women as well as identified constraints experienced by the cooperators in developing entrepreneurship among members. One hundred and seventy-six entrepreneurs show randomly selected out of three Cooperativeifteen Women engaging in Cooperative activities in Kwara State for the study using Taro Yamane's formula at 5% error tolerance and 95% level of confidence. Instrument used for data collection was primarily questionnaire while data were analyzed using descriptive (frequency and percentage) and inferential statistics (Pearson Correlation analysis). Findings indicate that Group/Membership Increment (=4.63), Group Development (= 4.91), Skill Acquisition (= 3.98), Self Actualization (= 3.69), Economic growth (= 3.64) and Community Development (= 3.55) are major benefits accruing from cooperative entrepreneurial activities to the women cooperators. However, Inadequate Finance (= 4.87), Lack of access to raw materials (= 4.76), Maladministration (= 4.65), Inadequate market information (= 4.58), Lack of good Coordination (= 4.31), Lack of adequate and proper are major challenges experienced by the cooperators in developing entrepreneurship among members. The study recommends coordinated entrepreneurship training/education programme for the cooperators by the government in order to improve their entrepreneurial capacity and government intervention in the provision of necessary financial assistance to women in order to eliminate their poverty and improve their productivities.
The focus of this study is to examine the Impact the micro loans being granted by Nigerian Financial Institutions have on the poverty level and the empowerment of the people of Osun State of Nigeria as evidenced from selected Financial Institutions in Osun State. The methodology adopted was descriptive survey research method; this method of research was used in order to analyze microcredit and loans from financial institutions that serve as catalyst for economic growth and reduction in poverty level in the State. The population of the study is financial institutions in Osun State; 5 commercial and 5 micro finance banks were selected, using simple random sampling procedure. 10 staff was administered questionnaire in each bank, making 100. However, 85 questionnaires were properly returned and accounted for, while 15 were unreachable. Simple regression analysis was used to test hypothesis in order to determine the degree of connections between the variables with the aid of Statistical Package for Social Science (SPSS) version 23. Findings show that availability of microcredit is statistically significant in predicting the dependent variable (reducing poverty).
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.