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

10.14445/23939125/IJEMS-V2I5P105

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

Abstract:

 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.

Keywords:

 Microfinance institutions, Microfinance lending, Small Scale Enterprises.

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