EVALUATION OF THE IMPACT OF MICROFINANCING ON …

EVALUATION OF THE IMPACT OF MICROFINANCING ON POVERTY ALLEVIATION

IN NIGERIA

BY NATHAN MARKUS

MBA. ADMIN/10438/2007-2008 GO7BAMP8090

Being Thesis Submitted to the Postgraduate School in Partial fulfillment of the requirements for the Award of Masters in Business Administration in the Department of Business Administration Ahmadu Bello University

Zaria, Nigeria.

MARCH, 2010 ,

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ABSTRACT

The growing awareness of the potential of microfinance in poverty reduction,

economic growth and development, coupled with the emergence of several highly

successful and fast growing microfinance institutions, has effectively put the issue of

microfinance on the political agenda of most developing countries. Well performing

financial institution have basic role to play in fostering development. This study

evaluates the impact of Microfinance on poverty alleviation in Nigeria. Both primary

and secondary data were used. Descriptive analysis were used for the study for it's

convenient for this research. The study revealed that Microfinance Bank has

impacted on poverty on by lending to the poorest of the poor in the rural areas, and

that Microfinance bank has helped in supporting the borrowers to succeed. The

study recommend that government should provide low interest credit facility to

microfinance institutions to enable them meet up with the challenges of increase in

patronage.

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