• We are available for your help 24/7
  • Email: info@isindexing.com, submission@isindexing.com


Paper Details

IMPACT ASSESSMENT OF THE ROLE OF MICRO FINANCE BANKS IN PROMOTING SMALL AND MEDIUM ENTERPRISES GROWTH IN NIGERIA

Babagana, S. A.

Journal Title:International Journal of Economic Development Research and Investment
Abstract


The history of industrial Revolution in developed and developing countries have shown that small and medium enterprises are the driving force of industrial and economic development. This paper examines impact of the role played by micro finance banks MFBs) in promoting the growth of SMEs in Nigeria. An empirical study was carried out using Garu Micro Finance bank in Bauchi, Bauchi State being one of the most successful Micro Finance Banks in North East sub region to determine impact of the role of MFBs in promoting small and medium enterprises growth. Out of the total number of employees in the bank, 15 members of staff whom constitute the middle and management staff were used as respondents. 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 enterprises 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 SMEs growth.

Download