EVALUATION OF UGA MICRO

EVALUATION OF UGA MICRO

CHAPTER ONE

BACKGROUND OF THE STUDY

The origins of microfinance can be traced back to the middle of the 1800s, when theorist sander spooner was writing about the benefits of small credits to entrepreneurs and farmers as a means of lifting people out of poverty. However, it was not until the end of World War II, with the Marshall Plan, that the concept gained traction. The term “microfinance” originated in the 1970s, when organizations such as Grammeer Bank of Bangladesh, led by microfinance pioneer Mohammad Yunus, were pioneering and shaping the modern industry of microfinance (Wikipedia 2015).

Microfinance institutions were established in the United States in the 1980s. They catered to low-income and minority communities. By 2007, there were

In the United States, there are 500 microfinance organizations with 200 lending capital (Wikipedia 2015).

The first credit union in Africa was established in Northern Ghana by Canadian Catholic missionaries in 1955. Susu, one of Ghana’s microfinance schemes, is thought to have originated in Nigeria and spread to Ghana in the early twentieth century (www.economicswebinstitute.org).

Microfinance banking in Nigeria began in 2005, with the introduction of the microfinance policy by former CBN governor Professor Chukwuma Soludo. The policy was influenced by the widely recognized impact of microfinance in assisting economically active poor people to exit poverty, resulting in significant poverty reduction. As a result, microfinance banking was introduced.

the expectation that it will help to reduce poverty in the country over time (Ngutor Nyor, 2013).

Following the 2005 government policy that resulted in the conversion of community banks to micro finance banks, many banks in Anambra state were granted provisional approval while others were granted final license (Chukwuma 2007).

As a result of the 2005 policy, Uga Community Bank was converted to a Microfinance Bank with provisional approval (Umunne, 2009).

1.2     STATEMENT OF THE PROBLEMS

Despite the importance of microfinance banks to the community, both staff and customers have complained about them.

1. the geographical location

2. The appearance

3. Space

1.3     AIM AND OBJECTIVES

The purpose of this research is to assess the location, design, and space of the Uga Micro Finance Bank building.

OBJECTIVES

1. Locate a suitable location for the Uga Micro Finance Bank building.

2. To redesign the Uga Microfinance Bank building.

3 to make comfortable spaces in Uga microfinance bank.

1.4RESEARCH QUESTIONS

Is Uga Micro Finance Bank properly situated?

ii Is the Uga Micro Finance Bank’s design functional?

iii Are the interiors of Uga Micro Finance Bank comfortable?

1.5     SIGNIFICANCE OF THE STUDY

This study’s findings will significantly contribute to the redesign of Uga Microfinance Bank.

The study will also provide a convenient location for staff and customers. The research will provide Uga Micro Finance Bank with comfortable and ventilated spaces.

1.6     SCOPE OF THE STUDY

The purpose of this research is to assess the location, design, and space of Uga Micro Finance Bank. It only covered microfinance banks, not Akpo microfinance banks.

1.7     LIMITATIONS OF THE STUDY

1. The researcher received insufficient attention because the bank was under federal government supervision.

2. It was difficult to obtain a list of employees and customers.

3. The majority of customers did not complete the questionnaire.