Does Microfinance Operation Have Effect on Poverty Alleviation in Nigeria?

Kasali, Taofeek Aremu; Ahmad, Siti Aznor; Ean, Lim Hock

doi:10.19044/elp.v2no2a4

Cited by 6 publications

(7 citation statements)

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“…Moreover, microfinance banks have helped to improve the volume of MSEs in Ogun State over the years. This finding is inconsistent with Van Rooyen, Stewart, and De Wet (2012), Abraham and Balogun (2012), Kasali, Ahmad, and Ean (2015). They indicated that microfinance increased the levels of indebtedness among already impoverished enterprises and exacerbated economic, social, and environmental vulnerabilities due to stringent conditions.…”

Section: = F(mfo) CD = a + Bmf0 + Utmentioning

confidence: 87%

Impact of Microfinance Banks on Micro and Small Enterprises in Ogun State, Nigeria

Akingunola

Olowofela

Yunusa

2018

Binus Business Review

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This research investigated the impact of microfinance on Micro and Small Enterprise (MSE) in Ogun State, Nigeria. There were two research problems. First, it was whether microfinance bank (financial intermediation services) assists MSEs in Ogun State, Nigeria. Second, it was whether microfinance banks assist MSEs in improving the volume of trade they engaged in Ogun State, Nigeria. The purposive and stratified sampling method was used. The survey obtained 408 respondents in MSEs in Ogun State. The research problems were tested with simple regression analysis. Findings from the first problem show that there is a negative relationship between intermediary financial services (credit disbursement) and MSEs. The second finding also shows there is a positive relationship between microcredit and business expansion. The research concludes that businesses that access microcredit have grown averagely regarding business expansion. Therefore, it is recommended that microfinance banks should increase the size of loan and interest charged to MSEs, so they have enough funds to finance their operations. The researchers further recommend that government should review the activities of microfinance institutions.

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Section: = F(mfo) CD = a + Bmf0 + Utmentioning

confidence: 87%

Impact of Microfinance Banks on Micro and Small Enterprises in Ogun State, Nigeria

Akingunola

Olowofela

Yunusa

2018

Binus Business Review

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“…Lastly, the implication of the results of the hypotheses testing carried out on all seven hypotheses was that improvement of the staffing, communication, alliance-building, earnings-generation, replication and stimulating market forces capabilities of youth-serving NGOs will be beneficial in the replication of successful programmes designed to empower poor youths. As result of this implication, youth-serving NGOs should endeavour to resolve their -staffing (Aransiola, 2013;Odukoya, Busari, & Ateh-Abang, 2006); communication (Nwogu, 2014); alliance-building (Kasali et al, 2015); lobbying (Momoh et al, 2015). Earnings-generation (Aransiola, 2013;Oyelude & Bamigbola, 2013); replication (Adepoju & Oyesanya, 2014;Nwogu, 2014;Patrick & Ijah, 2012;Samuels, Blake & Akinrimisi, 2012); and stimulating market forces challenges (Akpan et al, 2015) in time in order to achieve their youth poverty alleviation goals in society.…”

Section: Pearson's Correlation R Resultsmentioning

confidence: 99%

“…It is important to add that previous studies on the activities of youth-serving NGOs in Nigeria have revealed that, in their attempt to alleviate youth poverty in Nigeria, youth-serving NGOs have several organisational capability challenges with regard to -staffing (Aransiola, 2013;Iwuchukwu, Nwankwo, & Igbokwe, 2014); communication (Nwogu, 2014); alliance-building (Kasali, Ahmad, & Ean, 2015); lobbying (Momoh, Oluwasanu, Oduola, Delano, & Ladipo,2015); earnings-generation (Aransiola, 2013;Oyelude, & Bamigbola, 2013); replication (Adepoju & Oyesanya, 2014;Mac-Ikemenjima, 2005;Ohize & Adamu, 2009); and stimulating market forces (Akpan, Patrick, James, & Agom, 2015). Furthermore, organisational capability challenges may hinder the capacities of youth-serving NGOs to replicate successful programmes designed to empower poor youths in Nigeria and to fight youth poverty in Nigeria, as evidence from various studies show certain problems that negatively affect the fight to alleviate youth poverty in Nigeria by youth-serving NGOs, namely: inadequate staffing (Aransiola, 2013); insufficient funding (Nwogu, 2014); poor communication (Nwogu, 2014); reduced support from development partners (Kasali et al, 2015); and a lack of capacity to negotiate with government (Momoh et al, 2015).…”

Section: Introductionmentioning

confidence: 99%

Organisational Capabilities and Replicating Successful Programs Designed to Empower Poor Youths: A Correlational Study

Igbinakhase

Naidoo

2018

JEBS

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This article reports on the investigated relationship between the organisational capabilities of youth-serving non-governmental organisations (NGOs) and the replication of successful programmes designed to empower poor youths in Nigeria. The data used in this study were obtained from 187 youthserving NGOs in Nigeria registered with the Nigeria Network of Non-Governmental Organisations, the Conference of Non-Governmental Organisations (Edo State chapter), the Civil Society for HIV/AIDS in Nigeria (Edo State chapter) and the National Youth Council of Nigeria (Edo State chapter). Pearsonâ€™s correlation r was used to examine the relationship between the research variables and a positive relationship was found between the organisational capabilities of youth-serving NGOs and the replication of successful programmes designed to empower poor youths. In addition, regression analysis was used to determine the organisational capabilities of youth-serving NGOs that predicted the replication of successful programmes designed to empower poor youths in Nigeria, and it was found that adequate staffing, alliance-building, lobbying, replication and stimulating market forces significantly predicted the replication of successful programmes designed to empower poor youths in Nigeria. The study therefore recommends that appropriate measures be put in place by managers of youth-serving NGOs to ensure that the main predictors of the replication. Of successful programmes designed to empower poor youths are adequate to aid successfully in the replication of successful programmes designed to empower poor youths in Nigeria while also giving adequate attention to other organisational capabilities contained in the SCALERS model.

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“…This implies that an increasing number of microfinance institutions in poor areas can reduce the poverty levels in a country. Kasali (2020) analysed the impact of microfinance loans on poverty alleviation in Southwest Nigeria using primary research. The study adopted a stratified sampling technique to collect cross-sectional data through a structured questionnaire.…”

Section: Literature Reviewmentioning

confidence: 99%

The Impact of Microfinance Institutions on Poverty Alleviation

Chikwira

Vengesai

Mandude

2022

JRFM

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Microfinancing has been targeted as a tool to address Poverty through the provision of credit to the poor and marginalised economic functions. However, the main objective upon which these institutions are founded is yet to manifest primarily in developing economies. This study examined the role of microfinancing in poverty alleviation by employing a Vector Error Correction Model on quarterly time-series data. The results reveal a significant long-run relationship among the variables poverty, microfinancing, SMEs, and agricultural growth. Contrary to expectations, Microfinancing was found to increase poverty in the long run. SMEs and agricultural development were found to reduce the level of poverty in the long run. In the short run, regression results reveal that SMEs’ growth alleviates poverty, and poverty increases the growth of microfinance loans in the country. The increase in SMEs is a tool for alleviating poverty, and the growth in microfinance institutions is also being driven by poverty. This suggests that continued improper microfinancing can escalate the poverty levels to undesired heights. The findings imply that the growth of microfinance loans is not being put to its intended and efficient use. These findings bring to the fore that it is not only the provision of funds that matters.

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Does Microfinance Operation Have Effect on Poverty Alleviation in Nigeria?

Cited by 6 publications

References 0 publications

Impact of Microfinance Banks on Micro and Small Enterprises in Ogun State, Nigeria

Impact of Microfinance Banks on Micro and Small Enterprises in Ogun State, Nigeria

Organisational Capabilities and Replicating Successful Programs Designed to Empower Poor Youths: A Correlational Study

The Impact of Microfinance Institutions on Poverty Alleviation

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