THE IMPORTANCE OF FINANCIAL INSTITUTION IN THE DEVELOPMENT OF SMALL SCALE INDUSTRIES

ABSTRACT

This extended essay aims to appraise the importance of financial institution in the development of small scale industries in Nigeria. The aim is to ascertain the importance of financial institution and how these financial institution support the growth and development of small scale industry. And the problems of small scale industries that makes them efficient and how they are solve through the hedge provided by financial institution through quality loan at subsidies rate, insurance etc. It is necessary to give financial support to small scale business because of their great function they perform in the economy. Finally, the extended essay do not down that the content of this essay will eliminate all the problem that small scale business has been facing. Its however, hoped that the department will take cognizance of some of this essay and on them accordingly.

TABLE OF CONTENTS

Title page i

Declaration ii

Approval page iii

Dedication iv

Acknowledgement v

Abstract vii

Table of contents

CHAPTER ONE:

INTRODUCTION

1.0 Introduction 1

1.1 Background of the Essay 1

1.2 Objective of the Essay 4

1.3 Significance of the Essay 5

1.4 Scope and Limitation 6

CHAPTER TWO:

LITERATURE REVIEW

2.0 Literature review 8

2.1 Small scale enterprises defined 8

2.2 Characteristics of small business enterprise

to the economy 13

2.3 Contribution of small scale industries to economy 15

2.4 Problems of small business 16

2.5 Function of financial institution 21

2.6 Lending policies of commercial banks 22

CHAPTER THREE:

SUMMARY, CONCLUSION AND RECOMMENDATION

3.0 Introduction 27

3.1 Summary of findings 27

3.2 Conclusions 29

3.3 Recommendations 29

Bibliography 33

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APA

YWH9nGq5c0006a088b224.87258818, C. (2018). THE IMPORTANCE OF FINANCIAL INSTITUTION IN THE DEVELOPMENT OF SMALL SCALE INDUSTRIES. Afribary. Retrieved from https://beta.afribary.com/works/the-importance-of-financial-institution-in-the-development-of-small-scale-industries-6076

MLA 8th

YWH9nGq5c0006a088b224.87258818, CXRbMXY5c0006a08804a6.07849201 "THE IMPORTANCE OF FINANCIAL INSTITUTION IN THE DEVELOPMENT OF SMALL SCALE INDUSTRIES" Afribary. Afribary, 29 Jan. 2018, https://beta.afribary.com/works/the-importance-of-financial-institution-in-the-development-of-small-scale-industries-6076. Accessed 25 Apr. 2025.

MLA7

YWH9nGq5c0006a088b224.87258818, CXRbMXY5c0006a08804a6.07849201 . "THE IMPORTANCE OF FINANCIAL INSTITUTION IN THE DEVELOPMENT OF SMALL SCALE INDUSTRIES". Afribary, Afribary, 29 Jan. 2018. Web. 25 Apr. 2025. < https://beta.afribary.com/works/the-importance-of-financial-institution-in-the-development-of-small-scale-industries-6076 >.

Chicago

YWH9nGq5c0006a088b224.87258818, CXRbMXY5c0006a08804a6.07849201 . "THE IMPORTANCE OF FINANCIAL INSTITUTION IN THE DEVELOPMENT OF SMALL SCALE INDUSTRIES" Afribary (2018). Accessed April 25, 2025. https://beta.afribary.com/works/the-importance-of-financial-institution-in-the-development-of-small-scale-industries-6076

THE IMPORTANCE OF FINANCIAL INSTITUTION IN THE DEVELOPMENT OF SMALL SCALE INDUSTRIES

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