The Impact of Microfinance Banks on the Growth of Small and Medium Enterprises in Lagos Metropolis

Aladejebi, Olufemi

doi:10.14207/ejsd.2019.v8n3p261

Cited by 13 publications

(14 citation statements)

References 15 publications

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“…Using the rating level of; (0 to ±0.3= Weak Relationship, ± 0.4 to ± 0.6= Moderate/ Average Relationship, ± 0.7 to ± 0.9= Very Strong Relationship) Table 1 indicates that there is a very strong positive relationship between micro loans banks and SMEs expansion at r= 0.912 and at level of significance 0.05, this implies that the micro finance banks provision of micro loans is significantly correlated to SMEs expansion. This is line with the previous findings of Gok (2019), Aladejebi (2019) and Khan (2021) Table 3 indicates that there is a very strong positive relationship between Micro savings and SMEs growth at r= 0.9 and at level of significance 0.05, this implies that the MFBs provision of business advisory services is significantly correlated to SMEs growth. This is line with the previous findings of Ogah-Alo, Kpor, Eneje (2019), Bulla, Maronga and Ngacho (2019), Aladejebi (2019) and Moussa (2020)…”

Section: Methodssupporting

confidence: 92%

The Rhetoric of Microfinance Bank Services and Performance of Small and Medium Scale Enterprises in the Gambia

Câmara¹,

Olanipekun²

2021

Proceedings of the 28th iSTEAMS Multidisciplinary &Amp; Inter-Tertiary Research Conference

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Small and Medium Scale Enterprises (SMEs) in developing countries especially in the Gambia are confronted with several drawbacks and challenges, principal which is lack of access to capital. They have not been able to perform the expected vital role in bringing about economic growth and development. The main aim of most small scale enterprise is to be self reliant but the smallness of capital is making this dream unachievable. The main objective of this study is to examine the impact of microfinance banks provision of finance on SMEs performance. The study made used of primary source of data collection with the aid of a structured questionnaire. The research adopted a descriptive survey research design. Pearson Product Moment Correlation Coefficient was used to test the hypothesis at 5% level of significance. Analysis of data showed that the correlation coefficients of all the independent variables were less than 0.05. Based on the findings of the study, the study concludes that microfinance finance services have significant impact on SMEs performance. The study holistically recommends that micro finance banks continually maintain, sustain and improve on their provision of finance and funding facilities to SMEs are pivotal instrument of economic growth and development and thus occupies a place of pride in virtually every country or state Keyword: Bank, Microfinance, Performance, Small and Medium Scale Enterprise, Sustainability

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Section: Methodssupporting

confidence: 92%

The Rhetoric of Microfinance Bank Services and Performance of Small and Medium Scale Enterprises in the Gambia

Câmara¹,

Olanipekun²

2021

Proceedings of the 28th iSTEAMS Multidisciplinary &Amp; Inter-Tertiary Research Conference

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“…The findings support H4. The study findings were consistent with the studies of Mutisya, Okibo & Olweny, (2014), Odetayo & Onaolapo (2016), Kipngetich (2019), Aladejebi (2019).…”

Section: Advisory Services and Economic Empowermentsupporting

confidence: 92%

Determining Factors That Improve Youths’ Economic Empowerment in Katsina State, Nigeria

Babangida¹,

Bardai²

2022

IJRISS

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Suffice it to say, that the government poverty alleviation and empowerment programmes are unsustainable, and formal financial institutions such as commercial banks are incapable of combating and reducing poverty, particularly among the Youths, as evidenced by the failure of several programmes and schemes to produce the expected results, despite government efforts to improve the standard of living of its citizens. Notwithstanding, Katsina state remains among the states with higher poverty rate, with the highest underemployment/unemployment rate. Which stemmed the incidences of violent crimes in the area. This serves as the motivation of the study to identify other factors that may be effective in empowering the Youths economically. To achieve the goals, the study employs a quantitative approach through structured questionnaire. The study samples were selected using a multistage sampling technique from microfinance services Youths’ beneficiaries in Katsina state, Nigeria. The result revealed that the variables that represented the main determinant of economic empowerment in the study; microcredit, micro-savings, financial training, and advisory services interacted positively which implies positive linear relationship with economic empowerment. The study suggests that MFBs should make microcredit more attainable to their youth clients to effectively fulfil their mission of empowering youth economically. Microfinance banks should be recognised as poor people’s banks, with one-digit loan rates. The Nigerian Central Bank should provide MFIs with adequate policy guidance in order to deliver Youths-friendly financial services. The outcomes of this research would be relevant to policy issues specifically the regulators such as the Central Bank of Nigeria.

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“…Similar findings were also found by Almansour, et al (2019) who concluded that the existence of microfinance services had a significant impact on increasing the income of MSMEs. Similar research was also conducted by Aladejebi (2019) who found that the existence of microcredit had a positive impact on the development of MSMEs. Furthermore, Kartawinata, et al (2020) concluded that the existence of financing from financial institutions had a significant impact on income differences before and after receiving financing.…”

Section: Differences In Business Income Of Mekaar Customers In Kutasa...supporting

confidence: 71%

Mekaar Program Evaluation in Micro-enterprises Development for Underprivileged Women in Kutasari, Baturraden District

Zahidah

Sambodo

Bambang

2022

Al-Amwal : Jurnal Ekonomi Dan Perbankan Syari'ah

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This research was conducted in the Kutasari Village, Baturraden District, Banyumas Regency, Central Java Province. The purpose of this study to analyze (1) The accuracy of the Mekaar program in achieving its targets, (2) The characteristics of the Mekaar program's policies in giving an impact on underprivileged women micro-entrepreneurs in Kutasari Village, Baturraden District (Pro-poor, progressive or regressive), (3) The effectiveness of the Mekaar Program in Kutasari Village, Baturraden District, (4) Measuring the difference in income of women micro-entrepreneurs in Kutasari Village, Baturraden District before and after receiving Mekaar financing. The number of respondents consisted of 30 underprivileged women. This research uses primary data, which were collected using the method of observation, interviews and questionnaires. The data obtained were then analyzed using data proportion techniques, Benefit Incidence Analysis (BIA), Appraisal Effectiveness Program and Wilcoxon Test. Based on the research results, the following conclusions can be drawn: (1) Mekaar Program in Kutasari Village, Baturraden District is right on target, (2) Mekaar Program in Kutasari Village, Baturraden District is Pro-poor, (3) Mekaar Program in Kutasari Village, Baturraden District is classified as effective, (4) There is a difference between operating income before and after obtaining Mekaar financing.

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The Impact of Microfinance Banks on the Growth of Small and Medium Enterprises in Lagos Metropolis

Cited by 13 publications

References 15 publications

The Rhetoric of Microfinance Bank Services and Performance of Small and Medium Scale Enterprises in the Gambia

The Rhetoric of Microfinance Bank Services and Performance of Small and Medium Scale Enterprises in the Gambia

Determining Factors That Improve Youths’ Economic Empowerment in Katsina State, Nigeria

Mekaar Program Evaluation in Micro-enterprises Development for Underprivileged Women in Kutasari, Baturraden District

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