Effects of Microfinance on Micro and Small Enterprises (MSEs) Growth in Nigeria

dc.creator	Babajide, A. A
dc.date	2012
dc.date.accessioned	2025-03-26T11:12:16Z
dc.description	This paper investigates the effects of microfinance on micro and small business growth in Nigeria. The objectives are: one, to examine the effects of different loan administration practices (in terms of loan size and tenor) on small business growth criteria. Second, to examine the ability of Microfinance-Banks (MFBs) (given its loan-size and rates of interest charged) towards transforming micro-businesses to formal small scale enterprises. The paper employed panel data and multiple regression analysis to analyze a survey of 502 randomly selected enterprises finance by microfinance banks in Nigeria. We find strong evidence that access to microfinance does not enhance growth of micro and small enterprises in Nigeria. However, other firm level characteristics such as business size and business location, are found to have positive effect on enterprise growth. The paper recommends a recapitalization of the Microfinance banks to enhance their capacity to support small business growth and expansion.
dc.format	application/pdf
dc.identifier	http://eprints.covenantuniversity.edu.ng/2456/
dc.identifier.uri	https://repository.covenantuniversity.edu.ng/handle/123456789/30822
dc.language	en
dc.subject	HG Finance
dc.title	Effects of Microfinance on Micro and Small Enterprises (MSEs) Growth in Nigeria
dc.type	Article

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