ABSTRACT
The study investigated on effect of micro-finance banking on rural development in Nigeria. The major objectives of the study are to examine the effect of microfinance bank credit on rural development,to determine the effect of microfinance banks loan on agricultural and productivity and to ascertain the effect of microfinance bank on job creation in rural areas. The researcher adopted primary data in getting the required information.In testing the hypotheses, regression analysis was used . The findings revealed that microfinance bank credit has a significanteffectonrural development.Thefindingsfurther revealed that Microfinance banks loan hasasignificanteffect onagricultural productivity.Theresearcher recommendsthat the overall state of liquidity should be improved so as to have afavourable impact on the profitability ofthecompany.Theresearcher also recommends that Microfinance banks should develop anofficial credit-rating system ineasier way,even ifinuIunitedmanner,inorder tu assistruralareas intheir development. Thestudyfurther recommends thatMicrofinance banks should ensure thattheyaresocially responsible totheir host community. Thatwould contribute toruraldevelopment.
TABLE OFCONTENT
CHAPTER ONE:INTRODUCTION
1.1 Background ofthestudy 1
1.2 Statement oftheproblem 3
1.3 Objectives ofthestudy 5
1.4 Research questions 5
1.5 research hypothesis 5
1.6 Significance ofthestudy 5
1. 7 Scopeofthestudy 6
1.8 Limitation ofthestudy 6
CHAPTER TWO: REVIEW OFRELATED LITERATURE
2.1Conceptual framework 8
2.1.1Features ofmicrofinance banks9
2.1.2Financial methods ofmicrofinance banks 10
2.1.3Relevance ofmicrofinance institution (MFIS) inNigeria 11
2.1.4TheNigerian microfinance context 14
2.1.5TheNigeria microfinance banks (MFBS):originandbenefits 17
2.1.6Nigeria commercial banks and microfinance 20
2.1.7Impactofmicrofinance on rural development 20
2.2Theorical framework 23
2.2.1Theory ofmultiple lending 23
2.2.2Creditmarkettheory23
2.2.3Holdup and soft budget constraint theories24
2.2.4 Loan pricing theory 25
2.2.5Monetary circuit theory 25
2.3Empirical review25
CHAPTER THREE:RESEARCH METHODOLOGY
3.1 Research design30
3.2 Area ofthe study30
3.3 Method ofdata collection30
3.3.lQuestionnaire30
3.3.2Personal interview31
3.4Population ofthe study31
3.5 Sample and sampling techniques31
3.6Validity ofinstrument32
3.7Reliability ofthe instrument32
3.8Method ofdata analysis32
3.9Model specification32
CHAPTER FOUR: DATA PRESENTATION AND ANALYSIS
4.1Datapresentation34
4.2Dataanalysis36
4.3Testofhypothesis40
4.4Discussion offindings41
CHAPTER FIVE: SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS
5.1Summary of findings 43
5.2Conclusion 43
5.3 Recommendations 44
REFERENCES45
UMOREN, M (2021). Effect of microfinance Banking On rural development in Nigeria (A study of ikpeanang Microfinance Bank, Akwa Ibom State). Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpeanang-microfinance-bank-akwa-ibom-state-7-2
MARYANTHONY, UMOREN. "Effect of microfinance Banking On rural development in Nigeria (A study of ikpeanang Microfinance Bank, Akwa Ibom State)" Mouau.afribary.org. Mouau.afribary.org, 15 Feb. 2021, https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpeanang-microfinance-bank-akwa-ibom-state-7-2. Accessed 30 Oct. 2024.
MARYANTHONY, UMOREN. "Effect of microfinance Banking On rural development in Nigeria (A study of ikpeanang Microfinance Bank, Akwa Ibom State)". Mouau.afribary.org, Mouau.afribary.org, 15 Feb. 2021. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpeanang-microfinance-bank-akwa-ibom-state-7-2 >.
MARYANTHONY, UMOREN. "Effect of microfinance Banking On rural development in Nigeria (A study of ikpeanang Microfinance Bank, Akwa Ibom State)" Mouau.afribary.org (2021). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/effect-of-microfinance-banking-on-rural-development-in-nigeria-a-study-of-ikpeanang-microfinance-bank-akwa-ibom-state-7-2