TABLE OF CONTENT
of content v
1.2 Statement of the problem
1.3 Research Questions
1.4 Objective of the Study
1.5 Research Hypothesis
1.6 Significance of the study
1.7 Scope of the study
1.8 Definition of Terms
1.9 Plan of the Study
of the study
of Data Collection (Instrument)
of Data Analysis
to Methodology (Options)
PRESENTATION, ANALYSIS AND INTERPRETATION
1.1 BACKGROUND INFORMATION ABOUT THE STUDY
to Banda M. (2002) Micro Finance is about Providing Financial Services to the
poor who are traditionally not served by the conventional financial
institution. In Nigeria.
The formal financial system provides services about 35% of economically active
population while the remaining 65% are executed from the access to financial
services. The small and medium scale enterprises falls among the 65% who are
not catered for finally. The finance need of most of these small and medium
scale enterprises are catered for the informal financial sector via non –
governmental organization (N.G.O) friend money, other relatives as well as
order to enhance financial flow to the poor Nigerians who want to start – up a
small and medium scale business, the government has in the past initiative a
series of public finance micro – credit programme and policies targeted at the
poor. Some of such programme well Agricultural Credit Guarantee Scheme (ACGS).
People Bank of Nigeria (PBN), Community Bank (CB), Non – Micro finance bank
etc. All these are aimed at empowering Nigeria and local productions.
finance is the main source of funding micro enterprises in Nigeria, Africa
and even in other developing regions. The study is aimed at undertaking a
primary surveying of micro finance institution in Nigeria, it will also examine
the frame work of micro finance institution and also observed how the operation
of micro finance are carried – out.
have helped in conditioning poverty in rural area with regard to this research
work. It will work make a critical education of micro finance institution and
wind examination of rural area (concentration on level at poverty) and how the
operation of the institution have helped in finding poverty.
OF THE PROBELM
following are the problems that necessitated my choice of this topic.
framework of micro – finance and micro finance institute in Nigeria.
for the establishment of Micro Finance Bank
bodies and regulatory guideline that guide the operation of Micro Finance
Institution in Nigeria.
and features of a rural area setting
of poverty in the rural area
for increasing rate of poverty in rural area
of Micro Finance Banks in eradication of poverty in the rural area.
and draw back encounted by microfinance banks while performing their function
of poverty eradication.
to the problems of Micro – Finance Institution.
1.3 OBJECTIVE OF THE STUDY
The purpose of this research work is to
examine the impact of Micro Finance Bank in eradicating poverty in the rural
area. On other hand, the aims and objectives of the study are as follow.
the conceptual framework of micro finance institution in Nigeria.
the feature and the meaning of rural setting
the rate of poverty in rural area
the reason for the increasing rate of poverty in the rural area.
the roles impact of Micro Finance Bank in eradicating poverty in rural area.
the problems encountered by Micro Finance Institution and the likely solution.
1.4 SIGNIFICANCE OF THE STUDY
research work is descriptive in nature and to describes the impact in law of Micro
Finance Bank in eradicating. Poverty in rural area. The research work is also
beneficial to the micro finance bank because it will examine the reasons of Micro
Finance Banks critically and prefer solution the problems.
this research block will therefore help in the overall economic development, it
will also encourage rural dwellers on the effective utilization of the Micro
Finance Banks nearer to them. Because this project will educate the general
public on the use of Micro Finance efficiently and effectively.
at the completion of this work, the following group will benefit one way as
research work will increase their scope of service and profitability.
research will also assist the Micro Finance Banks in identifying their problems
and profer likely dwellers; rural dweller.
research work will educate the rural dweller on the impact of their finance
project will also assist and educate the rural dweller on how to increase their
saving and productivity.
research work will also eradicate poverty in rural area by educating the
dweller in the effective use of banks. Traditional authority will as well
benefit from this project because it will increase their internal revenue
generation as a result of increase in their level of productivity.
Local and State Government will benefit from this research work through the
overall increase in standard of living in the rural area and state at large.
AND LIMITATION OF THE STUDY
research work focus on impact of Micro Finance Bank in eradicating poverty in
rural area. But because of the existence of some limiting factors the research
work delimitate the study with special emphasis on Gaa – Akani Micro Finance
Bank as the case study and the examination of Gaa – Akanbi community as the
rural area under study as my sample population.
A result of this research work is an
historical case study and investigate based research.
Furthermore, in carrying out the
research work, some of the limitation of the problems encountered were.
Financial constraints, because the
research work is personally financed by the researcher.
Inadequate material to guide in carrying
out the research work.
Unenthusiastic attitude of some of the
respondent in divulging useful information about the research topic.
Serious rubbing of minds and
brainstorming by the researcher before unanimously putting down points on the
Problems of generalization of the final
finding of the research to all rural areas in Nigeria.
despite all the limitation encountered during the research, effort where made
to ensure that the limitations did not serve as an obstacle or hindrance toward
the successful completion of this research work.
research methodology on the topic intend to use both secondary and primary
sources of gathering information, the primary source include the materials from
internet, material from related past project and research works and also
The method of analyzing, interpreting
and presenting the information covered and descriptive and also internal statistical
The major terms used in this research
are define below
Micro – Finance they provide financial
services to the poor who are traditionally not serve by conventional banks.
Micro – credit – The firm of soft loan
provision by micro – finance bank.
Micro – credit plus – An additional
services rendered by more finance bank together with provision of micro credit,
which include skill acquisition programme, business advice, etc.
Community bank – These are unit banks
owned and manage by the owner communities they were establish to cater for the
rural dweller who do not have access to conventional banks.
Small and Medium scale Enterprises (SME)
an enterprises with a minimum asset base of
millions excluding land and working capital and have the minimum number of
staff not than 10 and more than 300 persons.
Collateral – A Asset collected by Bank
four is provide information on brief introduction of the study chapter,
interpretation and analysis of data, presentation of data result according to
research question, presentation of result according so research hypothesis,
generalization and the procedure for processing collection data.
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