THE ROLE OF MICROFINANCE BANKS IN THE RURAL DEVELOPMENT

THE ROLE OF MICROFINANCE BANKS IN THE RURAL DEVELOPMENT

ABSTRACT

The primary purpose of establishing microfinance bank in the rural areas of Enugu metropolis is to remedy the problem of rural development in the facing the grass-roots level. The major concept of these microfinance bank establishment is to sustain financial institution in the local areas which are owned, contributed and managed by the community on their credit development basis. The main finding of the research work is by the use of questionnaire and other primary data that are contained in microfinance banks are immensely on a greater importance to the economic development of the rural areas. The objective of the research work therefore  abridge gaps of microfinance bank in economic growth and development of productivity in the rural areas, by providing financial  and banking service to the low income earners of the economy and the small areas.

TABLE OF CONTENTS

CHAPTER ONE

1.0   INTRODUCTION                                                       1

1.1   BACKGROUND OF THE STUDY                               1

1.2   STATEMENT OF THE PROBLEM                             4

1.3   OBJECTIVE OF THE STUDY                                    5

1.4   RESEARCH HYPOTHESIS QUESTION                     6

1.5   SIGNIFICANCE OF THE STUDY                               7

1.6   SCOPE AND LIMITATION OF THE STUDY                       8

1.7   DEFINITION OF TERMS                                           8

CHAPTER TWO

2.0   REVIEW OF RELATED QUESTION                           10

2.1   NATURE AND SCOPE OF MICROFINANCE BANK    15

2.2   CONCEPT OF MICROFINANCE BANKS                    17

2.3   THE ROLE OF CENTRAL BANK OF NIGERIA (CBN) 19

2.4   GLOBAL FINANCIAL CRISIS ON

BANKING/ECONOMI                                               21

2.5   BANK CLASSIFICATION BY CNB                              28

REFERENCE

CHAPTER THREE

3.0   RESEARCH DESIGN AND METHODOLOGY             35

3.1   RESEARCH DESIGN                                                        35

3.2   AREA OF STUDY                                                     35

3.3   SOURCE OF DATA                                                   36

3.4   RESEARCH POPULATION AND SAMPLE SIZE         36

3.5   RESEARCH INSTRUMENT                                       37

3.5   VALIDITY OR RESEARCH INSTRUMENT                 38

CHAPTER FOUR

4.0   PRESENTATION, ANALYSIS AND

INTERPRETATION OF DATA                                    39

4.1   PRESENTATION OF DATA                                               39

4.2   ANALYSIS OF DATA                                                 40

4.3   INTERPRETATION OF DATA                                    41

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THE ROLE OF MICROFINANCE BANKS IN THE RURAL DEVELOPMENT