MICROFINANCE INSTITUTIONS (MFIs) CONTRIBUTIONS TOWARDS ENTREPRENEURSHIP DEVELOPMENT IN AWKA SOUTH LOCAL GOVERNMENT AREA OF ANAMBRA STATE NIGERIA

                                                                                        Abstract
This study examines microfinance Institutions(MFIs) contributions towards entrepreneurship development in Awka South Local Government Area of Anambra State ,Nigeria .The study was descriptive using questionnaire to source data from sampled small-scale entrepreneurs in Awka South .The data obtained were analysed using the Chi-Square (x2) test. The result from the test however shows that microfinance has an impact on entrepreneurial development and alsothat there is a significant relationship between entrepreneurial development and industrial development of  Anambra State. However, microfinance has been able to fulfill part of its objectives of extending microcredit to the economically active poor. It was concluded that microfinance institutions and their activities go a long way in the determination of the pattern and level of economic activities and entrepreneurial development in the Nigerian economy. The study recommends that entrepreneurs should be more receptive to new ideas and be prepared to make financial commitments to ensure growth. It was also recommended that guidelines by microfinance institutions to finance entrepreneurship be more flexible to accommodate the entrepreneurs to ensure success in the Small and MediumEnterprise (SME)

 

                                                                                               Table of contents


 
Title page                                                                                            i


Approval page                                                                                        ii


Declaration                                                                                             iii

Dedication                                                                                              iv


Acknowledgement                                                                                     v


Abstract                                                                                                    vi


Table of contentv                                                                                      vii


CHAPTER
ONE/INTRODUCTION


1.1 Background To The Study                                                                        1

 
1.2 Statement of the  Problem                                                                         4
 

1.3 Research Questions                                                                                  6


1.4 Objectives of the Study                                                                              6
 

1.5Research Hypothesis                                                                                  7


1.6 Scope of A Study.                                                                                      7


1.7 Significance of A Study.                                                                             7


1.8 Limitation of the Study.                                                                               8


1.9 Operational Definition of Terms                                                                     8


CHAPTER TWO/LITERATUREREVIEW


2.1 Concept of Microfinance                                                                               10


2.2 History of Microfinance                                                                                   12


2.3 Microfinance Banks (MFBs)                                                                           17


2.4 Objectives of Microfinance Banks                                                                     19


2.5 Nigeria Microfinance Policy Strategies                                                               20


2.6 Microfinance Policy Targets                                                                                21


2.7 Microfinance Policy Objectives                                                                            22


2. 8 Microfinance Strategy                                                                                        23


2.9 Objectives of Microfinance Institutions                                                              26


2.10.Microfinance Theory                                                                                        29


2.10.1 Entrepreneurial Theory                                                                                33


2.10.2 Theory of Economic Development                                                                 34


CHAPTER THREE/METHODOLOGY


3.1Research Design                                                                                                  37


3.2 The study Area                                                                                                   37


3.3 Population of the Study                                                                                      37


3.4 Sample and Sampling Techniques                                                                       37


3.5Methodsof Data Collection                                                                                    39


3.6 Source of data                                                                                                      39


3. 7 Method of Data Analysis                                                                                      39
 

CHAPTER FOUR/DATA PRESENTATION, ANALYSIS AND DISCUSSION


4.1 Introduction                                                                                                            40


4.2 Data Presentation and Discussion                                                                          41


 CHAPTER FIVE/SUMMARY, CONCLUSION ANDRECOMMENDATIONS


5.1 Summary of the Study                                                                                            50


5.2 Conclusion                                                                                                              51