Impact of Microfinance Banks on the Performance of Small Scale Businesses in Ekiti State
Student: Ifeoma Blessing Afambu (Thesis, 2025)
Department of Finance
Ekiti State University, Ado-Ekiti, Ekiti State
Abstract
This study examines the impact of microfinance banks on the performance of small scale businesses in Ekiti State. The research aims to determine how access to microfinance loans, savings, and advisory services influence business growth, profitability, and sustainability. A descriptive research design was adopted, and data were collected through questionnaires administered to selected small business owners. The study revealed that microfinance banks play a significant role in improving financial inclusion and enhancing the productivity of small scale enterprises. It concluded that increased support from microfinance institutions contributes to business expansion, job creation, and poverty reduction. The study recommends that government and financial institutions strengthen microfinance policies to ensure continuous support for small businesses.
Keywords
For the full publication, please contact the author directly at: afambu123@gmail.com
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Institutions
- Covenant Polytechnic, Aba, Abia State 1
- Covenant University, Canaan Land, Ota, Ogun State 4
- Crawford University of Apostolic Faith Mission Faith City, Igbesa, Ogun State 2
- Crescent University, Abeokuta, Ogun State 1
- Cross Rivers University of Technology, Calabar, Cross Rivers State 142
- Delta State Polytechnic, Ogwashi-Uku, Delta State 11
- Delta State Polytechnic, Otefe, Delta State 12
- Delta State University, Abraka, Delta State 137
- Ebonyi State University, Abakaliki, Ebonyi State 17
- Edo University, Iyamho, Edo State 10