The Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeria

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dc.contributor.authorAbu, I.N
dc.contributor.authorEzike, J.E
dc.date.accessioned2017-11-01T10:13:36Z
dc.date.available2017-11-01T10:13:36Z
dc.date.issued2012
dc.descriptionStaff Publicationen_US
dc.description.abstractThe achievement of good economic growth is anchored around an environment of well focused policies aimed at poverty eradication through the empowerment of the people by availing them of access to factors of production,particularly credit. The study examines the role of Micro-finance banks in reducing poverty and the development of entrepreneurship. Data were collected through structured questionnaires and administered to entrepreneurs (small scale enterprises) and micro-finance banks within the Lagos State area. The study identified high rate of loan default among the SMEs, which poses serious consequences for microfinance banks. It was also established that the challenges facing microfinance banks include, among others, the documentation of credit process, wrong information, identity of the loan applicant, and unstable economic situation in the country.en_US
dc.identifier.citationAbu, I.N and Ezike, J.E (2012) The Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeria. International Journal of Business Administration Vol. 3 (3).en_US
dc.identifier.issn1923-4007
dc.identifier.issn1923-4015
dc.identifier.urihttp://sciedu.ca/journal/index.php/ijba/article/view/1113
dc.identifier.uriwww.sciedu.ca/ijba
dc.identifier.urihttp://ir.unilag.edu.ng:8080/xmlui/handle/123456789/2766
dc.language.isoenen_US
dc.publisherSciedu Pressen_US
dc.subjectEntrepreneurshipen_US
dc.subjectSmall and Medium Scaleen_US
dc.subjectEnterprise (SME),en_US
dc.subjectMicro-finance Banksen_US
dc.titleThe Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeriaen_US
dc.typeArticleen_US
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