Impact Of Microfinance Banking On Grassroot Savings Mobilization In Nigeria (2008-2016)

ABSTRACT 

The study examined the impact of microfinance banking on grassroots saving mobilization in Nigeria. Survey method was adopted using primary data collected from microfinance banks in Enugu State. Techniques of analysis used chi-square to test the research hypothesis of this study. From the result of the hypothesis tested, the study made the following findings, that microfinance institutions plays significant impact on grassroot savings mobilization and that attitudes of commercial banks to microcredit scheme is unfavourable, thus, the study concludes that microfinance banking has a significant impact on savings mobilization in Nigeria, the study made the following recommendations that policies be made to help improve the performance of microfinance institutions in Nigeria

TABLE OF CONTENT

Title page                                                                                                                  ﾿ i

Declaration                                                                                              ﾿            ii

Certification                                                                    ﾿           ﾿ iii

Dedication                                                                                ﾿ iv

Acknowledgement                                                                  ﾿ v

Table of content                                                                                        ﾿ vi

List of tables                                                                                                              ﾿ ix

Abstract                                                                                                                      ﾿ xi

CHAPTER ONE

INTRODUCTION

1.1 Background to the Study ﾿                       1

1.2 Statement of Problem ﾿                       4

1.3 Research Objective ﾿                       4

1.4 Research Questions ﾿           5

1.5 Statement of Hypotheses ﾿                       5

1.6 significance of the Study ﾿           5

1.7  Limitation of the Study ﾿                      6

1.8 Scope of the Study ﾿          6

1.9 Definition of Terms ﾿          7

CHAPTER TWO

REVIEW OF RELATED LITERATURE

2.1. Conceptual Framework ﾿ 9

2.1. 2 Credit Needs Of The Poor ﾿ 9

2.1.3 Concept Of Micro-Credit And Micro-Finance ﾿ 10

2.1.4. Microfinance Banking In Nigeria ﾿ 12

2.1.5. Deposit Mobilization And Promotion Of Saving Culture ﾿ 14

2.1.6 Objectives And Goals Of Microfinance Banks ﾿ 15

2.1.7 Microfinance And Socio-Economic Activities ﾿ 16

2.1.8 Microfinance Institutions And  Key Factors That Influence The Decision To Save: ﾿ 18

2.1.9 Savings Service Of Microfinance Institution Benefit ﾿ 19

2.2 Theoretical Literature ﾿ 21

2.2.1 Keynesian Theory Of Consumption ﾿ 21

 2.2. 2 Friedman Permanent Income Theory ﾿ 21

2.3  Empirical Literature ﾿ 21

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

3.1 Research Design ﾿ 25

3.2 Population Of The Study ﾿ 25

3.3 Sample Size Determination ﾿ 26

3.4 Nature And Sources Of Data ﾿ 26

3.5 Reliability Of Instrument ﾿ 26

3.6 Nature Of The Questionnaires ﾿ 27 ﾿

3.7 Model Specification ﾿ 27

3.8 Questionnaire Distribution And Return ﾿ 27 ﾿

3.9  Method Of Data Analysis ﾿ 28

CHAPTER FOUR

4.1 Analysis Of The Questionnaires ﾿ 29

4.2 Analysis Of Research Questions ﾿ 31

4.3 Test Of Hypothesis ﾿ 32

4.4 Discussion of findings ﾿ 39 

CHAPTER FIVE ﾿

SUMMARY OF FINDINGS, CONCLUSION AND RECOMMENDATIONS

5.1 Summary Of Findings. ﾿ 40

5.2 Conclusion ﾿ 40

5.3 Recommendations ﾿ 41

References ﾿ 42