Impact of Micro Finance Lending On Small Scale Entrepreneurial Business in Ogbomoso Area of Oyo State
|International Journal of Economics and Management Studies|
|© 2015 by SSRG - IJEMS Journal|
|Volume 2 Issue 11|
|Year of Publication : 2015|
|Authors : Oyedare, Olufemi Akinloye, Oyedokun Akintunde Jonathan|
How to Cite?
Oyedare, Olufemi Akinloye, Oyedokun Akintunde Jonathan, "Impact of Micro Finance Lending On Small Scale Entrepreneurial Business in Ogbomoso Area of Oyo State," SSRG International Journal of Economics and Management Studies, vol. 2, no. 11, pp. 1-6, 2015. Crossref, https://doi.org/10.14445/23939125/IJEMS-V2I5P105
This work examined the impact of microfinance institutions lending on small scale enterprises performance within Ogbomoso area of Oyo State of Nigeria. A total of 360 registered small scale enterprises in the five local government area of Ogbomoso, Oyo State constituted the population. Stratified sampling technique was employed to capture the small scale enterprises into homogeneous categories as wholesalers, retailers, restaurants and service delivery. A sample of 270 Small Scale Enterprises was drawn proportionately and randomly from the strata. Questionnaire was administered on respondents and they were analyzed using descriptive statistics such as frequency tables, pie charts and figures. Inferential statistics was employed using Chi square and correlation tests at 95% significance level. The result shows that there was an association between microfinance lending and Small Scale Enterprises performance. The amount of loans is significantly and positively related with performance of Small Scale Enterprises in Ogbomoso area of Oyo State.
Microfinance institutions, Microfinance lending, Small Scale Enterprises.
 Yunus, M. (1976): Microfinance and poverty in Bangladesh. Journal development studies, 37(4), 101-132.
 Mix,(2011): MIX(Microfinance information exchange), 2011, from http://www.mixmarket.org/REF ID: 7
 Morduch, J. (2000): The Microfinance Schism. World Development, 28. REF ID: 20
 Duro, K. (2013): "Multiple Charges Stifle SMEs' Growth". Nation Newspaper, November 18, 2013.
 Sacerdoti, E. (2005): "Access to Bank Credit in Sub-Sahara Africa: Key Issues and Reform Strategies". International Monetary Fund. Working Paper WP. 05?166
 Yaron, J., Benjamin and Piperk, S. (1997) : .Rural finance issues designed and World practices. Washington, D.C: World Bank Agriculture and Natural Resources Development.
 Grameen Bank (1983): History of Grameen Bank/ www.grameenresearch.org
 Prasad S, Green C J, Murinde V. (2005). Company financing, capital structure ownership: a survey and implications for developing countries. In Finance and Development: Surveys of Theory, Evidence and Policy, Green CJ, Kirkpatrick CH, Murinde V (eds).
 Carpenter, R. E. and B. C. Petersen (2002). Is the Growth of Small Firms Constrained by Internal Finance?, The Review of Economics and Statistics, 84 (2), 298 – 309
 Sengupta, Rajdeep and Aubuchon, Craig P. (2008): The microfinance revolution: An overview. Federal Reserve Bank of St. Loius Review. REF. ID:
 Barman, D. Marthur, H.P. and Kaira, V. (2009): Role of microfinance interventions in financial inclusion: A comparative study of microfinance models. Vision (09722629), 13(3), 51-59. REF ID: 6
 Dieckmann, R. (2006):Microfinance: An emerging investment opportunity. Uniting Social Investment and Financial Returns. REF ID: 2
 Ayayi, A.G. and Sere, M. (2010): What Drive Micro finance Institution's Financial Sustainability. Journal of Developing Areas, 44(1), 303-324. REF ID: 4.