THE IMPACT OF MICRO-FINANCE ON ENTREPRENEURIAL DEVELOPMENT IN NIGERIA

By

Uchenna O.

Presented To

Business Administration and Management Department

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ABSTRACT

This study critically looked into the impact of Micro-finance Firms on

Entrepreneurial development in Nigeria, using Kenechukwu Micro Finance Bank

Nsukka as a case study. The view was to ascertain the impact of Micro-finance

on Entrepreneurship with reference to the organization under study. The contents

of this research work were presented in five chapters. The study put together

related literature on the topic. Both Primary and Secondary data were extremely

made use of. Tables, simple percentages and absolute numbers were the tools

used in analyzing the data collected from the analysis. It was discovered that the

firm under study has impacted so much on the development of Entrepreneurship

through proactive programmes and strategies in developing and advancing the

growth of Entrepreneurship. Based on these and other findings,

recommendations were made which includes: The need to have a policy that will

have itâ€Ÿs clear vision and mission. It will help to have a well focused professional

management, diverse and professional board that will have the policy at heart.

There is also the need to have an impartial; quick and simple approval and

disbursement procedures that will support innovation and ensure the

achievement of financial self-sufficiency. Economic environment should be made

conducise; government should improve the present state of infrastructure.

TABLE OF CONTENT

Title Page - - - - - - - - - i

Certification - - - - - - - - ii

Dedication - - - - - - - - iii

Acknowledgement - - - - - - - iv

Table of Contents

Abstract - - - - - - - - - v

CHAPTER ONE - INTRODUCTION

1.1 Background of The Study - - - - - 1

1.2 Statement of The Problem - - - - - 5

1.3 Objectives of The Study - - - - - 5

1.4 Research Questions - - - - - 6

1.5 Significance of The Study - - - - - 7

1.6 Scope and Limitations- - - - - 8

1.7 Background of the Case Study - - - - 9

1.8 Definition of Terms - - - - - - 10

REFERENCES - - - - - - - - 12

CHAPTER TWO - LITERATURE REVIEW

2.1 Concept of Micro-Finance - - - - - 13

2.1.1 Definition of Micro-Finance Institution - - 15

2.1.2 Features of Micro-Finance Institution - - 15

2.2 Nature and Development of Entrepreneurship - 16

2.2.1 Characteristics for Entrepreneurial Development 19

2.3 Economic Importance of Entrepreneurial

Development in Nigeria - - - - - 22

2.4 Government and Small-Scale Enterprises - - 26

2.4.1 Problems and Challenges of Enterprises - - 31

2.4.2 Participants in the Micro-finance Institution - 35

2.5 The Micro-Finance Strategies of Kenechukwu

Micro-Finance Nsukka - - - - 36

2.6 Impact of Micro-Finance in the Development of Small

Business Enterprises - - - - - 39

2.7 Problems of Micro-Finance Institution - - 40

2.8 The Strategies of Micro Finance

Institution - - - - - - - 41

References - - - - - - - 45

CHAPTER THREE - RESEARCH METHODOLOGY

3.1 Research Design - - - - - - 46

3.2 Method of Data Collection - - - - 46

3.3 Sources of Data - - - - - - 47

3.3.1 Primary Sources of Data - - - - - 48

3.3.2 Secondary Sources of Data - - - - 48

3.4 Population of the Study - - - - - 48

3.5 Method of Data Analysis - - - - - 49

3.6 Validation of Instrument - - - - - 50

CHAPTER FOUR

4.0 Presentation, Interpretation and

Analysis of Data - - - - - - 51

4.1 Data Presentation - - - - - - 52

CHAPTER FIVE

SUMMARY OF FINDINGS, RECOMMENDATION

AND CONCLUSIONS

5.1 Summary of Findings - - - - - 50

5.2 Recommendation - - - - - 61

5.3 Conclusion - - - - - - 64

Bibliography - - - - - - - - 66

Appendix I - - - - - - - - 68

Appendix II - - - - - - - - 69