Microfinance And Micro & Small Enterprises (Mses) Survival In Nigeria -A Survival Analysis Approach
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The main objective of this study is to examine the impact of microfinance on micro and
small business survival in Nigeria. Data for the study are derived from both primary and
secondary sources. First, a survey of MFB entrepreneur- clients was undertaken using simple
random sampling technique to select our respondents; then, some data were extracted from the
cl ient's record with the Microfinance Banks (MFBs) on profit and sales. The data obtained were
analysed using Kaplan Meier and Cox regression analysis. The findings revealed that micro
financing enhance survival of Micro and Small Enterprises (MSEs) but most of the enterprises
remain at the survival level of the business life cycle. We recommend that enterprise finance by
MFBs should be linked up with larger financing window like the Small and Medium Enterprise
Equity Investment Scheme (SMIEIS) fund or Strategic Partners like the commercial banks for
expansion and growth funding after survival. We also recommend immediate recapitalization of
the MFBs to enable them support MSEs adequately.
Keywords
HG Finance