ABSTRACT
The main objective for embarking on this study was to examine informal micro financing and small scale business in Makurdi Local Government Area: a study of daily contribution. A survey research design was adopted with a sample of 160, using a four (4) point Likert rating scale administered a questionnaire to the sampled respondents and analyzed using simple descriptive and inferential statistics and Chi-square test to test the hypotheses at 0.05 level of significance. The result showed that, microfinance institutions do not care about the finances of small scale businesses but grants loans to them when they think the small scale business has enough collateral to secure the loan. For that matter they do not provide any financial advice and monitoring to their customers. It also show that much initial financing for small scale businesses came from personal savings of the operators themselves and from formal financial institutions, while additional financing came mainly from informal sources. The study has proven that daily contribution is most effective for the survival of small scale businesses. Based on the study results, the researcher recommended that owners of SMEs in accessing financial source in order to enhance their business’ performance; Government should establish more microfinance banks in the state and compel them through legislation to focus more on small scale businesses and Government should relax the interest rate especially to those who are into small scale businesses in order to enhance their business performance thereby reducing the crime rates and improve the standard of living.
ABSTRACT
A model of transitional probability matrix for Mechanistic-Empirical Pavement Design was developed with the aim of tarnishing th...
ABSTRACT
West African countries experience economic growth in terms of financial figures but the issue of non -inclusiveness of this grow...
MEDIA CHANNEL AND AUDIENCE RETENTION: A COMPARATIVE STUDY OF TRADITIONAL MEDIA (RADIO, TELEVISION, MAGAZINE, NEWSPAPER ETC) AND NEW...
Abstract
This investigation adopted cross-sectional survey research design to ascertain the attitude of female undergrad...
BACKGROUND OF THE STUDY
The evolution of communication into what it is now has taken place over a period of many...
ABSTRACT
This study was carried out on improving technologies for inland aquaculture in Nigeria. T...
Abstract
This study examines the influence of Firm Attributes on Financial Information Quality of listed Deposit Money B...
Background Of The Study
Recent years have seen a rise in the prominence of security threats as a centra...
ABSTRACT
The study investigated the level of knowledge of sex education among in-school adolescents in Benin City lookin...
BACKGROUND OF STUDY
In view of the fact that ethics and morality are the norms of every descent society, and the bedrock on which wholeso...