The Moderating Role of Micro Finance Banks in Promoting Economic Growth, Financing SMEs and Reducing Poverty in Nigeria. A Study on Yobe State
The history of the Industrial Revolution in developed and developing countries has shown that small and medium enterprises are the driving force of industrial and economic development. This paper examines the impact of the role played by microfinance banks (MFBs) in promoting the growth of SMEs in Nigeria. Microfinance banks supply loans, savings, and other financial services to the poor and low-income population on a sustainable basis and help in the alleviation of poverty. An empirical study was carried out using Yobe State Micro Finance banks including NIRSAL Micro Finance Bank, which is considered one of the most successful Micro Finance Banks in North East sub-region to determine the impact of the role of MFBs in promoting small and medium enterprises growth. Out of the total number of beneficiaries of the banks, 370 members from both bank whom constitute the beneficiaries were used as respondents. A questionnaire was developed and distributed to them which they all filled and returned. The study revealed that MFBs have contributed to the promotion of small and medium enterprise's growth in Nigeria. It was recommended that government should further encourage the activities of Micro Finance Banks (MFBs) by creating enabling environment so that they can further support SME's growth. The data collected were analysed through the use of partial least square structural equation modeling PLS-SEM (World, 1982) with the aid of SmartPLS 3. The findings, results revealed that microfinance has a significant role to play in the economy, as it helps reduce poverty by providing financial services to the active poor, help in generating employment, and also provide small loans to grow small businesses
Year of publication: |
[2021]
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Authors: | Tijjani, Haruna |
Publisher: |
[S.l.] : SSRN |
Subject: | Nigeria | KMU | SME | Armutsbekämpfung | Poverty reduction | Mikrofinanzierung | Microfinance | Armut | Poverty | Wirtschaftswachstum | Economic growth | Bank |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 27, 2021 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013312656
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