Problems Of Financing Small-scale Industries And Possible Solutions To It

Problems Of Financing Small-scale Industries And Possible Solutions To It

Abstract

This exploration design attempt to concentrate on “ A check of the problems of financing small scale diligence and possible results in some named diligence with in Enugu State the experimenter tried to find some testing on the objects probably to determine if the diligence are being managed by trained directors and director who were actually trained on that particular course towards that business they establish. To ascertain the acceptability of funding the small- scale diligence. To ascertain the size and composition of the diligence.

The experimenter also tried to find out whether the operation and the staff make effective use of the accoutrements handed for them.

The experimenter was suitable to carry out this exploration work through thee help of questionnaires observation interview it also seeks to ascertain to what extent diligence meet with the information conditions of druggies in addition there’s lack of applicable and acceptable information accoutrements in these artificial. These findings are vividly displayed by the use of tables.

Recommendations are made on how stylish to ameliorate the small scale diligence and inversely suggestions advanced for farther establishment and studies. Form the finding of this exploration it’s apparent that the small diligence in Enugu State are faced with immense problem.

Base on the disquisition of this exploration both operation and government has to bring out plutocrat and finance all this small diligence for that will enable them to meet up with the standard. And also produce employment occasion for our people.

Chapter One

Preface

Statement Of The Study

There are numerous problems that’s hindering small- scale business through community banks. But the main thing we want to study is originally how small scale business are been financed through community banks the problems and their possible results.

Purpose Of The Study

The purpose of this study is to probe into the present profitable lives of small scale business with view of relating the major problems that affect backing of boardwalk scale business bearing in mind that acceptable finance stands as an energizer to it’s operation. Also to find out how small scale diligence gain finds for their establishment. Also to find out how community bank finance small scale diligence. And incipiently the problems facing community banks operation and the result of to there problem.

Rational Of The Study

Backing small- scale business is necessary because they induce employment.

1. Employment generation It’s this point that has led to the creation of the present poverty eradication scheme. Small- scale business generates employment in the areas of both professed and unskilled labour. numerous people rather of staying idle have resorted to creation of employment themselves by retaining small- scale business.

2. Increased exports of manufactured goods numerous small- scale business have grown to the extent of exporting their products to other countries.

3. Attract foreign capital With the expiration of manufactured goods there’s flux of foreign capital into the country. With this flux the business grows and developments leading to increase in the standard of living.

4. They help in bringing down goods and services nearer to the millions in general and to their guests in particular hence their major problem is plutocrat, government should grant them loan through community bank.