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
1.1Background of the Study
1.2Statement of the Problem
1.3The Objective of the Study
1.4Research Question
1.5Statement of Hypothesis
1.6Significance of the Study
1.7Scope of the Study
1.8Limitation of the Study
1.9Definition of Terms and Acronyms
CHAPTER TWO
LITERATURE REVIEW
2.1Roles of Small Business in Nigeria
2.2Overviewed of Micro-finance Activities in Nigeria
2.3Importance and Objective of Micro-finance Firm to the Growth of Small Business
2.4Main Service Provided to Micro-enterprises
2.5The Goals of Micro-finance Banks
2.6Policy Measures and their regulatory framework for micro-finance firms
2.7Implementation and performance of the growth of micro-finance firms
2.8Justification of the establishment of micro-finance firms
2.9Impact of current Bank consolidation of micro-finance firms development growth
2.10Summary of proposed guidelines for micro-finance institution (MFIs) in Nigeria prepared by Central Bank
2.11History of Umuchinemere micro-finance bank
References
CHAPTER THREE
3.1Research Design
3.2Sources of Data
3.3Population of the Study
3.4Sample Size Determination and Sampling Technique
3.5Stratified Sampling
3.6Techniques of Analysis
3.7Design Role
References
CHAPTER FOUR
PRESENTATION, ANALYSIS AND INTERPRETATION OF DATA
4.1Data Presentation
4.2Statistical analysis
4.3Testing of Hypothesis
4.4Decision Rule
CHAPTER FIVE
SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1Summary of Findings
5.2Conclusion
5.3Recommendation
Reference
Bibliography
Appendix
