IMPACT OF MICROFINANCE BANK ON THE PERFORMANCE OF SMALL SCALE BUSINESSES
OBJECTIVES OF THE STUDY'S CHAPTER ONE: THE IMPACT OF MICROFINANCE BANK ON THE PERFORMANCE OF SMALL SCALE BUSINESSES
Examining the effect of microfinance banks on the performance of small companies in Delta State is the overall goal of this study.
The study's focus will be on the performance of small-scale businesses in Delta State. The following specific objectives, which are not necessarily in any particular order of importance:
To determine how to effectively encourage rural residents to develop a banking habit via micro finance banks.
By providing them with more capital, the study also intends to improve the small-scale farmers' economic standing in rural areas.
This study's secondary goal is to determine the most effective ways to employ microfinance bank financing to support community, performance, and rural residents' attitudes towards exercise.
to look into how microfinance banks affect local performance.
Developing effective performance strategies to capture the financial services needed by farmers and small and medium-sized business owners, whose countries make up around 70% of the population, is a big challenge for many developing countries, particularly in Africa.
The researcher wants to protect him by coming up with the following inquiries.
What effect have microfinance institutions had on Delta State's cottage industries?
What effect have micro-finance institutions had on Delta State's agricultural product performance?
What effect have microfinance institutions had on Delta State's trading activity?
In this research, the validity of the following hypotheses, which are presented in null and alternative forms, will be tested.
Ho: In Delta State, microfinance banks have had little noticeable effect on the performance of cottage companies.
HO: In Delta State, microfinance institutions have had a significant impact on the performance of cottage companies.
Ho: In Delta State, the performance of agricultural products has not been significantly impacted by microfinance institutions.
Ho: In Delta State, the performance of agricultural products has been significantly impacted by microfinance institutions.
Has the performance of trading in Delta State been significantly impacted by microfinance banks?
Ho: What substantial difference have microfinance banks made to the trading performance in Delta State?
AIM OF THE STUDY
The study's focus will be on how microfinance institutions have affected small businesses in Delta State's capital city between 2005 and 2012. T
he researcher is curious about what Delta State's microfinance institutions have done in the areas of cottage enterprises, agricultural products, and trading.
However, because there is a dearth of literature and financial data, raw data will be gathered from a few chosen small-scale business owners in the Delta State region.
SIGNIFICANCE OF THE STUDY
The importance of this study project cannot be overstated given the information provided below.
The effects of microfinance institutions on small businesses.
the microfinance bank's overview.
to raise awareness of the need for microcredit among the underprivileged, those with weak economies, and the general public.
Researchers who may want to do research on connected themes will find it to be of utmost value.