Evaluation Of The Roles Of Micro-Finance Banks: An Alternative To Other Poverty Alleviations Programmes (A Case Study Of Umuchukwu Microfinance Bank, Umuahiaa, Abia State, Nigeria).
ABSTRACT
Micro-financing is a
new scheme in the Nigerian financial system introduced by the central bank of
Nigeria as part of their reform agenda. It was created in order to render
financial services and credit to the poor, small and medium enterprises. Over
the years, poverty has been seen as the negative factor that tends to affect
the socio-economic sector of the country. Although poverty, with its adverse
effect on the economy such as unemployment, low domestic productivity, debt.
Micro-finance bank were introduced to reduce poverty create job opportunities
and increase wealth in the economy. This research project was therefore
initiated to evaluate the role of micro-finance bank in line with the
programmes of the grass root in order to enhance economic development, problems
identified in the study ineffective implementation of plan, mismanagement and
appropriation of funds, inadequate patronage of micro-finance bank. The
objective of this study is to ascertain how micro-finance bank help in reducing
poverty, create job opportunities and create wealth in the economy. Hypothesis
were formulated and tested, it was discovered that micro-finance bank does not
play any adequate role in reducing poverty, do not assist small and medium
enterprises, the government do not assist the micro-finance bank. It was
recommended that central bank of Nigeria should check the activities of
micro-finance banks, the federal government should assist the micro-finance
banks in order to reduce poverty in our nation.
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OKAMGBA, P (2021). Evaluation Of The Roles Of Micro-Finance Banks: An Alternative To Other Poverty Alleviations Programmes (A Case Study Of Umuchukwu Microfinance Bank, Umuahiaa, Abia State, Nigeria).. Mouau.afribary.org: Retrieved Nov 18, 2024, from https://repository.mouau.edu.ng/work/view/evaluation-of-the-roles-of-micro-finance-banks-an-alternative-to-other-poverty-alleviations-programmes-a-case-study-of-umuchukwu-microfinance-bank-umuahiaa-abia-state-nigeria-7-2
P, OKAMGBA. "Evaluation Of The Roles Of Micro-Finance Banks: An Alternative To Other Poverty Alleviations Programmes (A Case Study Of Umuchukwu Microfinance Bank, Umuahiaa, Abia State, Nigeria)." Mouau.afribary.org. Mouau.afribary.org, 14 Jul. 2021, https://repository.mouau.edu.ng/work/view/evaluation-of-the-roles-of-micro-finance-banks-an-alternative-to-other-poverty-alleviations-programmes-a-case-study-of-umuchukwu-microfinance-bank-umuahiaa-abia-state-nigeria-7-2. Accessed 18 Nov. 2024.
P, OKAMGBA. "Evaluation Of The Roles Of Micro-Finance Banks: An Alternative To Other Poverty Alleviations Programmes (A Case Study Of Umuchukwu Microfinance Bank, Umuahiaa, Abia State, Nigeria).". Mouau.afribary.org, Mouau.afribary.org, 14 Jul. 2021. Web. 18 Nov. 2024. < https://repository.mouau.edu.ng/work/view/evaluation-of-the-roles-of-micro-finance-banks-an-alternative-to-other-poverty-alleviations-programmes-a-case-study-of-umuchukwu-microfinance-bank-umuahiaa-abia-state-nigeria-7-2 >.
P, OKAMGBA. "Evaluation Of The Roles Of Micro-Finance Banks: An Alternative To Other Poverty Alleviations Programmes (A Case Study Of Umuchukwu Microfinance Bank, Umuahiaa, Abia State, Nigeria)." Mouau.afribary.org (2021). Accessed 18 Nov. 2024. https://repository.mouau.edu.ng/work/view/evaluation-of-the-roles-of-micro-finance-banks-an-alternative-to-other-poverty-alleviations-programmes-a-case-study-of-umuchukwu-microfinance-bank-umuahiaa-abia-state-nigeria-7-2