IMPACT OF MICRO FINANCE BANKS ON THE SURVIVAL OF SMALL AND MEDIUM- SCALE ENTERPRISES SMEs A STUDY OF KOGI SAVINGS BANK LOKOJA

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ABSTRACTS

This research work is carried out to evaluate the Impact of Micro Finance Banks (MFBs) on the Survival of Small and Medium-Scale Enterprises (SMEs) in Nigeria to determine the financial service of (MFBs) of the survival of (SMEs).
The collection of data was done through the survey method of research by issuing well structured questionnaire to the respondents, the sample size was determined through the use of Yaro Yamane’s formula which is forty four (44) while the percentage and Chi-Square was used to present and analyze the data collected to arrive at a conclusion and possible recommendation. The finding revealed that MFBs have contributed immensely to the development of SMEs in Nigeria, granting credit facilities at a reduced rate. However the survival of which beset SMEs can lead through an improvement in the service of MFBs by the government, therefore government should enact policies to it system to encourage the investors, provide infrastructures facilities needed for the survival of SMEs and monitoring agent of the activities of MFBs.

TABLE OF CONTENTS
Title Page
Approval Page
Acknowledgement
Dedication
Abstract
Table of Contents
CHAPTER ONE: INTRODUCTION
Background to the Study
Statement of the Problem
Objectives of the Study
Research Question
Statement of Hypotheses
Significance of the Study
Scope of the Study
Limitation of the Study
Operational Definition of Terms
CHAPTER TWO: REVIEW OF THE RELATED LITERATURE
2.1.0 Conceptual Framework
2.1.1 Micro Finance Institution and Provision of Services
2.1.2 Micro Finance and Poverty Alleviation
2.1.3 Small and Medium Enterprises and Access to Finance
2.1.4 Micro Finance Bank Policy and Small and Medium-Scale Enterprises in Nigeria
2.1.5 Performance of SMEs in Nigeria
2.2 Theoretical Framework
2.2.1 Harold Dolmar Growth Model
2.3.0 Empirical Framework
2.3.1 Micro Finance Institution and Support to the needing Entities
2.3.2 SMEs Financing and Banking Sector Policies
2.3.3 Some Challenges facing by SMEs Operator and Stakeholder
2.3.4 Government Intervention Policies
CHAPTER THREE: RESEARCH METHODOLOGY
3.1 Research Design
3.2 Population of the Study
3.3 Sampling and Sample Size
3.4 Method of Data Collection
3.5 Method of Data Analyses
CHAPTER FOUR: DATA PRESENTATION AND ANALYSES
4.1 Data Presentation
4.2 Data Analyses
4.3 Test of Hypotheses
4.4 Discussing Finding
CHAPTER FIVE: SUMMARY, CONCLUSION AND RECOMMENDATIONS
5.1 Summary
5.2 Conclusion
5.3 Recommendation
Reference
Appendices

CHAPTER ONE:

INTRODUCTION

1.1 Background to the study

Globally, Small and Medium-scale Enterprises (SMEs) are the major essential business organizations in whole world. Small and Medium Enterprise became the main source of business in Nigeria as the whole. According to Anyanwu, 2004, in Ofeimwn, Nwakoby and Izekor, 2018; Small and Medium-scale Enterprises (SMEs) from the majority of business undertaking in a developing economy like that of Nigeria and to be instrument for the development of any economy.

The survival of Small and Medium-scale Enterprises (SMEs) enhances some governments, some government policy to constitute industrial reform; interim of cash foci in the banking sector as well as petty business activities and also a venture in all circumstances (Zhiri, 2017). The Nigerian government has over the years embarked on the series of policies and institutional reforms aimed at enhancing the flow of finance from the banking sector to Small and Medium- scale Enterprise (SMEs) as well as those involve in petty business (micro) activities and entrepreneurial venture at informal level in particular.
The contribution of’ (SMI’s) sector to the Nigeria economy i crucial to the achievement of a broader development objectives such as poverty elevation spreading of employment opportunities and increasing in indigenous ownership of resources in economics. According to Okoy, 2010; CBN 2004 in Ofemum Nwakoby and lzekor (SMIs) to help generate employment bring industrialization and development to rural areas utilize indigenous resources and distribute income among the poor from the literature, it is evident that the Small and Medium scale Enterprises (SMEs) contribute to economic growth and development, has global recognition for the Small and Medium-scale Enterprises (SMEs) and contain adequate financial detail.

Bank and other financial institutions are currently estimated to provide services to only 25% of potential clients worldwide. This was cited by (Mohammad, 2007) opined that only 2% of micro entrepreneurs are being provided service by banks. However, government at all levels recognized the need to encourage the small enterprise through the provision of credit schemes and policy reforms which brought about emergence of Micro Finance Bank the Federal Government of Nigeria introduced during Obasanjo regime to replace the formal community Bank in Nigeria which became operational in 2005. Nigerians in line with their governments acknowledge the need to alleviate poverty and encourage SMEs, through the provision of credit and inform policy reforms with respect to bringing the Micro Finance Banks under the supervision of Central Bank of Nigeria to create enabling environment for SMEs access to small loans. More so, to ensure that the mission of the policies were achieved, which include ensuring the majority of the active population are reached with financial services, and that the total credit as a percentage of gross domestic product (GDP) ratio increase steadily, as well as micro credit as percentage of total credit to the economy. Equally important was the need to improve access of poor active most especially women to micro finance on a consistent basis (Attah, 2008).

IMPACT OF MICRO FINANCE BANKS ON THE SURVIVAL OF SMALL AND MEDIUM- SCALE ENTERPRISES SMEs A STUDY OF KOGI SAVINGS BANK LOKOJA