Our Archives

Call 09159097300, or 09067754232 for any enquiries.

Project Topic:

ROLE OF MICRO FINANCE BANKS IN THE ECONOMY DEVELOPMENT OF NIGERIA

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 50 ::   Attributes: Data Analysis, abstract ::   3,840 people found this useful

Project Body:

TABLE OF CONTENT

Title Page

Declaration           -        -        -        -        -        -        -        -        -        -       

Approval page     -        -        -        -        -        -        -        -        -       

Dedication -          -        -        -        -        -        -        -        -        -        -       

Acknowledgement         -        -        -        -        -        -        -        -        -       

Table of Content -        -        -        -        -        -        -        -        -       

 

CHAPTER ONE

1.0            Introduction         -        -        -        -        -        -        -        -        -       

1.1            Background of the study         -        -        -        -        -        -        -       

1.2            Statement of the Problem        -        -        -        -        -        -        -       

1.3            Objective of the study    -        -        -        -        -        -        -       

1.4            Significance of the study         -        -        -        -        -        -        -       

1.5            Scope and limitation of the study     -        -        -        -        -       

1.6            Definition of term          -        -        -        -        -        -        -       

 

CHAPTER TWO

2.0            Review of Literature      -        -        -        -        -        -        -       

2.1            Definition of Micro finance     -        -        -        -        -        -       

2.2            Role of micro finance bank in Nigeria economy   -        -        -       

2.3            Beneficiaries from micro finance bank        -        -        -        -       

2.4            Problem encountered by micro finance bank in Nigeria economy

2.5            Procedure for established micro finance bank      -        -        -       

 

CHAPTER THREE    

3.0            Summary, Conclusion and Recommendation      -        -                 

3.1            Summary    -        -        -        -        -        -        -        -                 

3.2            Conclusion -        -        -        -        -        -        -        -                 

3.3            Recommendation -        -        -        -        -        -        -                 

Bibliography        -        -        -        -        -        -        -         

  

 

3.4            CHAPTER ONE

1.0            INTRODUCTION OF THE STUDY

1.1     BACKGROUND

Micro finance Bank (describe here as small scale financial services to claim that they are economically active various urban and rural areas) has been proven to be effective in fighting poverty by providing entrepreneurs with the necessary capital to start and expand their entrepreneurial activities.

 

Last year, successive government has put in place various policies in order to make things easier for the ordinary man on the street. Unfortunately, the struggle for survival has became more difficult and excruciating for the toiling masses. Indeed, the government’s concern for the intolerable poverty level, which is more than 54 percent – over 70 million out of 140 million Nigerian population, is encapsulated also in the recent statement by Prof. Chukwuma Soludo, while lamenting that the poverty level in Nigeria is not only getting to a crisis point but also becoming dynastic.

 

 

1.2            STATEMENT OF THE PROBLEM

The research is means to widen the researcher knowledge about the topic in question and to serve a benefit to the people who wish to know about Micro finance bank in Nigeria. And also to serve as a basic of knowledge to other students who wish to carryout research on the same topic.

 

In Nigeria Micro finance Bank instructively, the researchers by statistics, (from the National Bureau of Statistics (NBS) in 2004) say that the 65 percent of Nigerians are served by the informal financial sector made by money leaders, friends, relatives and credit unions. There seriousness of the state government to the cause of poor in their meds would be gauged by their willingness to remit one percent of their annual budget to the micro – credit development fund, which return, qualities then to withdraw from the pool to empower their people. It is importance here to look at those factors responsible for the higher poverty incidence in the country, especially in northern Nigeria that in 2004 single member household had 12.6 percent poverty incidence, 2 – 4 members household 39.9 percent poverty incidence, 5 – 9 household 57.9 percent, 10 – 20 member households 73 percent and above 20 member household often have 90.7 percent poverty incidence.

 

In the areas of education, the NBS disclosed that households headed by those without education, agriculture and forestry had 67 percent poverty incidence while those who live in rural areas contributed 65 percent to poverty in 2004.

1.3            THE OBJECTIVE OF THE STUDY

The aims and objectives of the study is to investigate into the roles played by Micro finance banks, which actually can not be overemphasized in the development of Nigerian economy especially in the areas of poverty alleviation, which is an identified of moving our economy forward.

 

Micro finance bank carries out various functions, one, that is granting or provide financial services such as credit, savings, micro insurance, micro leasing and the basic aims of study are to examine the experience of payment services to the poor and low income clients. Economic activities in which the poor and low income clients engage in include farming micro and small enterprise where goods are produced, catering, trading, commerce and housing improvement services.

 

 

1.4            SIGNIFICANCE OF THE STUDY

The study is based on identifying, analyzing and reporting advises to Micro finance bank on how to apply their economic plant in terms of agriculture development and mobilization of savings at the local level has been an importance element for the community development around the world for a longtime. This depends on the role of the Micro finance bank which helps to exploit natural resources and poverty alleviation quantities, qualities of capital. It is a well known fact that the basic function of Micro finance bank is to eradicate poverty among the poor it also benefits on food security and child rent’s education. This research work is to intensively look in to the role of Micro finance bank developing the economy, or not? If they do, do they plan their role in developing the economy? While it is a known fact that no researches work that is exhaustive, it is hoped that at the end of this work, it would be proved that Micro finance bank plays a vital role in the development of our economy (Nigeria).

 

 

1.5            SCOPE AND LIMITATION OF THE STUDY

Due to this topic, our area of concentration will be mainly based on the role of Micro finance bank in the development of Nigeria economy.

 

In a research work of this nature, there are bond to be factors that act on the contrary. There militating against one’s effort.

 

Time, which no matter how abundant it is limited, this is one of the factors. The time allowed for research work of this nature is quite short, even though it gives room for supervisor’s day to day consultation.

 

However, the research work was carried out within Kaduna and some part of Nigeria; therefore, it was administered to a sample of population. This study should be interpreted with caution in the light of fact that a sample can hardly be same as population. The hesitant nature was also a limiting factors in carrying out this research work. The conclusion therefore are based on the readily information provided, but the limitation however does not render research work useless but allows it to used as a basis for decision making and as a basis for further research work.

 

1.6.         DEFINITION OF TERMS

INTEREST RATE: - This is a percentage that expresses the relations between the interest for a particular period and the principal of a given loan.

BENEFICIARY: - The last in the series of individual or group who gain from a particular activities.

DISBURSEMENT: - This is the act of giving or paying out of funds.

POVERTY: - This is a situation or experience of being poor.

LOAN: - Leveling a sum of money by a lender to a borrower to be repaid with certain amount of interest.

SCHEME: - To device a plan specifically having certain motives in mind.

SECURITY: - This is what is put down as a guarantee by a borrower for the payment of loan.

TAX CLEARANCE: - This is a written testimony of having paid a compulsory contribution levied on persons, individual, and business Inland Revenue Development


Get The Complete Project »

Project Department:

MORE BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

Instantly Share this Project On Social Media:

CLOSELY RELATED BANKING AND FINANCE FREE UNDERGRADUATE PROJECT TOPICS AND RESEARCH MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   6711 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5118 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   5474 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   14523 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   4654 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are you looking for today?

TESTIMONIALS:

  • 1. Jayone from FPA said " I had a wonderful experience using UniProjectMaterials,though they did not deliver the material on time, but the content had good quality. I recommend UniProjectMaterials for any project research work.".
    Rating: Very Good
  • 2. Mugisha R from B.U, UGANDA said "Wow, this is great, your materials has helped me alot. Many blessings. I will inform my friends. Thanks. ".
    Rating: Very Good
  • 3. Nwachukwu Ruth Chinyerr from Michael okpara university of Agriculture,umudike said "I really appreciate this. Materials like this are good guides to writing a researchable project.".
    Rating: Good
  • 4. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 5. Ibrahim Salama from Kaduna said "Thanks You So Much Sir We Appreciate ".
    Rating: Excellent
  • 6. Mohammed A.B from Veterinary Laboratory, Zanzibar ,Tanzania said "You are doing good job to assists in research. God bless you.".
    Rating: Very Good

Paper Information

Format:ms word
Chapter:1-5
Pages:50
Attribute: Data Analysis, abstract
Price:₦3,000
Get The Complete Project »

Best Selling Projects

Our Archives