The Role of Microfinance in Poverty Alleviation in Nigeria
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TABLE OF CONTENTS
Title Page……………………………………………………………………………… i
Certification…………………………………………………………………………. ii
Dedication…………………………………………………………………………… iii
Acknowledgements………………………………………………………………. iv
Table of Contents………………………………………………………………….. v
CHAPTER ONE: INTRODUCTION
- Introduction……………………………………………………………………….. 1
- Background to the study………………………………………………………. 1
- Statement of the study…………………………………………………………. 3
- Objectives of the study………………………………………………………… 4
- Significance of the study………………………………………………………. 4
- Scope and limitations of the study…………………………………………. 5
- Scheme of chapters……………………………………………………………… 5
CHAPTER TWO LITERATURE REVIEW
- Introduction……………………………………………………………………….. 7
- Review of some literature works……………………………………………. 7
- Meaning and concept of microfinance……………………10
- Types of microfinance model………………………………………………… 13
- Microfinance and poverty eradication……………………………………. 18
- Efforts at microfinance delivery to the poor……………………………. 19
- The effects of microfinance on poverty…………………….. 20
CHAPTER THREE HISTORICAL BACKGROUND OF THE CASE STUDY/RESEARCH METHODOLOGY
3.1 Introduction………………………………………………… 27
3.2 Historical background of microfinance……………………. 27
3.3 Research design……………………………………………. 31
- Population of the study…………………………………….. 32
- Simplified and sampling technique………………………… 32
- Methods of data collection…………………………………. 33
- Methods of data analysis…………………………………… 33
CHAPTER FOUR DATA PRSENTATION AND ANALYSIS
4.1 Introduction………………………………………………… 35
4.2 Analysis of findings………………………………….……. 35
CHAPTER FIVE SUMMARY, CONCLUSIONS AND RECOMMENDATIONS
5.1 Introduction………………………………………………. 51
5.2 Summary…………………………………………………. 51
5.3 Conclusions………………………………………………. 51
5.4 Recommendations……………………………………….. 53
Bibliography………………………………………………. 57
Appendix…………………………………………………. 59
INTRODUCTION
This chapter contains the background to the study followed by the statement of the problem, the objectives of the study, the significance of the study, the scope and limitations of the study and lastly, the scheme of chapters.
Microfinance which is also referred to as Microcredit is the extension of loans to entrepreneurs whom are too poor to be qualified for the traditional bank loan especially in developing countries.
It enables very people to engage in self- employment project that generate income. The concept of microfinance was developed by Muhammad Yunus, a U.S educated professor of Economics, who first got in the business of fighting poverty during the 1973 famine in his homeland of Bangladesh, one of the poorest countries in the world.
Yunus discovered that small loans could make a significant difference in a poor person’s survival. His first loan consisted of 27 dollars from his own pocket, which he lent to a woman who made bamboo furniture, which she sold to support herself and her family. In 1976, Yunus founded the first microfinance bank called the Grameen Bank, which provides loan to the Bangladesh people.
BIBLIOGRAPHY
Akanji O.O. (2002): “Microfinance As a Strategy for Poverty Reduction” Economic and Financial Review CI3N Vol.39, No.4 Pg4- 13 www.centraIbank.org
Ealogun ED and Ogundipe E.A, (1999); Poverty Alleviation in Nigeria “Billion Volume 23, No.4, Central Bank of Nigeria Pg 11-64.
Basky J. and Baerson KM (1999), Giving Credit where Credit is due Washington Times-Nigeria Advertising Department. Pg 1- 11//A the Washington Time-Nigerian Advertising Department Pg 1-11 File h11A.The Washington Nigeria htm.
Brochure, Nigeria Agricultural Cooperative Rural and Development Bank (NACRDB) Limited, RC10874, Promoting Agriculture and Empowering the People. Published by Cooperate Affairs Department, Kaduna State.
Daily Sun (20th September 2004): An Serious Strategy against Poverty? The Sun Publishing Limited, Lagos Nigeria. Pg 6.
Federal Bureau of Statistics (2000J), Poverty and Welfare in Nigeria. American Writing Corporation Washington D.C.
CSN Team.
