Declaration - - - - - - - - - -
Approval page - - - - - - - - -
Dedication - - - - - - - - - - -
Acknowledgement - - - - - - - - -
Table of Content - - - - - - - - -
Introduction - - - - - - - - -
of the study - - - - - - -
of the Problem - - - - - - -
of the study - - - - - - -
of the study - - - - - - -
limitation of the study - - - - -
of term - - - - - - -
Literature - - - - - - -
of Micro finance - - - - - -
micro finance bank in Nigeria economy - - -
from micro finance bank - - - -
encountered by micro finance bank in Nigeria economy
for established micro finance bank - - -
Conclusion and Recommendation - -
Summary - - - - - - - -
- - - - - - - -
- - - - - - -
Bibliography - - - - - - -
OF THE STUDY
Micro finance Bank (describe
here as small scale financial services to claim that they are economically
active various urban and rural areas) has been proven to be effective in
fighting poverty by providing entrepreneurs with the necessary capital to start
and expand their entrepreneurial activities.
Last year, successive
government has put in place various policies in order to make things easier for
the ordinary man on the street. Unfortunately, the struggle for survival has
became more difficult and excruciating for the toiling masses. Indeed, the
government’s concern for the intolerable poverty level, which is more than 54
percent – over 70 million out of 140 million Nigerian population, is
encapsulated also in the recent statement by Prof. Chukwuma Soludo, while
lamenting that the poverty level in Nigeria is not only getting to a crisis
point but also becoming dynastic.
OF THE PROBLEM
The research is means to
widen the researcher knowledge about the topic in question and to serve a
benefit to the people who wish to know about Micro finance bank in Nigeria. And
also to serve as a basic of knowledge to other students who wish to carryout
research on the same topic.
In Nigeria Micro finance
Bank instructively, the researchers by statistics, (from the National Bureau of
Statistics (NBS) in 2004) say that the 65 percent of Nigerians are served by
the informal financial sector made by money leaders, friends, relatives and
credit unions. There seriousness of the state government to the cause of poor
in their meds would be gauged by their willingness to remit one percent of
their annual budget to the micro – credit development fund, which return,
qualities then to withdraw from the pool to empower their people. It is
importance here to look at those factors responsible for the higher poverty
incidence in the country, especially in northern Nigeria that in 2004 single member
household had 12.6 percent poverty incidence, 2 – 4 members household 39.9
percent poverty incidence, 5 – 9 household 57.9 percent, 10 – 20 member
households 73 percent and above 20 member household often have 90.7 percent
In the areas of education,
the NBS disclosed that households headed by those without education,
agriculture and forestry had 67 percent poverty incidence while those who live
in rural areas contributed 65 percent to poverty in 2004.
OBJECTIVE OF THE STUDY
The aims and objectives of
the study is to investigate into the roles played by Micro finance banks, which
actually can not be overemphasized in the development of Nigerian economy
especially in the areas of poverty alleviation, which is an identified of moving
our economy forward.
Micro finance bank carries
out various functions, one, that is granting or provide financial services such
as credit, savings, micro insurance, micro leasing and the basic aims of study
are to examine the experience of payment services to the poor and low income
clients. Economic activities in which the poor and low income clients engage in
include farming micro and small enterprise where goods are produced, catering,
trading, commerce and housing improvement services.
OF THE STUDY
The study is based on
identifying, analyzing and reporting advises to Micro finance bank on how to
apply their economic plant in terms of agriculture development and mobilization
of savings at the local level has been an importance element for the community
development around the world for a longtime. This depends on the role of the
Micro finance bank which helps to exploit natural resources and poverty
alleviation quantities, qualities of capital. It is a well known fact that the
basic function of Micro finance bank is to eradicate poverty among the poor it
also benefits on food security and child rent’s education. This research work
is to intensively look in to the role of Micro finance bank developing the
economy, or not? If they do, do they plan their role in developing the economy?
While it is a known fact that no researches work that is exhaustive, it is
hoped that at the end of this work, it would be proved that Micro finance bank
plays a vital role in the development of our economy (Nigeria).
LIMITATION OF THE STUDY
Due to this topic, our area
of concentration will be mainly based on the role of Micro finance bank in the
development of Nigeria economy.
In a research work of this
nature, there are bond to be factors that act on the contrary. There militating
against one’s effort.
Time, which no matter how
abundant it is limited, this is one of the factors. The time allowed for
research work of this nature is quite short, even though it gives room for
supervisor’s day to day consultation.
However, the research work
was carried out within Kaduna and some part of Nigeria; therefore, it was
administered to a sample of population. This study should be interpreted with
caution in the light of fact that a sample can hardly be same as population.
The hesitant nature was also a limiting factors in carrying out this research
work. The conclusion therefore are based on the readily information provided,
but the limitation however does not render research work useless but allows it
to used as a basis for decision making and as a basis for further research
v INTEREST RATE: - This is a percentage that expresses the relations between the interest
for a particular period and the principal of a given loan.
v BENEFICIARY: - The last in the series of
individual or group who gain from a particular activities.
v DISBURSEMENT: - This is the act of giving or
paying out of funds.
v POVERTY: - This is a situation or experience
of being poor.
v LOAN: - Leveling a sum of money by a lender
to a borrower to be repaid with certain amount of interest.
v SCHEME: - To device a plan specifically
having certain motives in mind.
v SECURITY: - This is what is put down as a
guarantee by a borrower for the payment of loan.
v TAX CLEARANCE: - This is a written testimony
of having paid a compulsory contribution levied on persons, individual, and
business Inland Revenue Development.
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