Impact of Microfinance to Stimulate Banking Habit of Rural Dwellers in Ifelodun Local Government Area, Osun State
Student: Abigeal Omowumi Ishola (Project, 2025)
Department of Accountancy
Osun State Polytechnic, Iree, Osun State
Abstract
The research examines the impact of microfinance activities on rural economic growth and savings in Nigeria. The ordinary least square regression was used as the technique of analysis. The findings show that the introduction of micro finance banking in Nigeria have not contributed to agricultural productivity but had assisted in increasing rural savings habits in Nigeria. As a means of improving rural economic growth in Nigeria the recommendations are that government should make conscious efforts to provide basic infrastructures in the rural areas to motivate micro finance institutions to locate their offices there; micro finance institutions should be encouraged to lend to rural dwellers based on relationship lending; some farm productive resources should be diversified to reduce farming risk, especially risk related to unpredictable extreme weather that may be due to climate change to increase productivity
Keywords
For the full publication, please contact the author directly at: abigealishola9@gmail.com
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Institutions
- Sokoto State University, Sokoto, Sokoto State 42
- St. Albert The Great Major Seminary, Abeokuta. (affl. To University of Benin) 1
- Sule Lamido University, Kafin Hausa, Jigawa State 4
- Tai Solarin University of Education, Ijagun, Ogun State 18
- Tansian University, Oba, Anambra State 1
- Taraba State University, Jalingo, Taraba State 32
- Temple-Gate Polytechnic, Osisioma, Abia State 1
- The Oke-Ogun Polytechnic, Saki, Oyo State 6
- The Polytechnic, Ibadan, Oyo State 13
- THOMAS ADEWUMI UNIVERSITY, OKO-IRESE, KWARA STATE 1