Microcredit and Business Performance in Nigeria: The Case of MFI Finance Enterprise

dc.creator	Babajide, A. A, Joseph, Taiwo
dc.date	2011
dc.date.accessioned	2025-03-26T11:12:16Z
dc.description	This paper investigates the impact of microcredit loan on business performance of Microfinance Institutions (MFI) finance microenterprises in Nigeria. A Microenterprise refers to an individual business that consists of less than five employees and is generally organized as a sole proprietorship or family business. The objective of the study is to examine the effects of micro credit on several business performance criteria of MFI clients. Data for the study are derived from both primary and secondary sources. A survey of MFI and entrepreneur – clients was undertaken using simple random sampling technique to select our respondents. The data obtained was analyzed using multiple regression analysis. We find a positive relation between microcredit and profit of the microenterprise. The study recommends a wider coverage of microfinance through effective implementation of micro-fund scheme and mandatory business related training for all micro entrepreneurs.
dc.format	application/pdf
dc.identifier	http://eprints.covenantuniversity.edu.ng/2458/
dc.identifier.uri	https://repository.covenantuniversity.edu.ng/handle/123456789/30823
dc.language	en
dc.publisher	Academic Journals
dc.subject	HG Finance
dc.title	Microcredit and Business Performance in Nigeria: The Case of MFI Finance Enterprise
dc.type	Article

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