Role Of Micro Finance Banks In Enhancing Enterpreneurship Among Women In Nigeria
Chapter One
Preface
Background to the study
Microfinance is the provision of a broad range of fiscal services to poor low- income homes and micro enterprises( Amin and Pebley, 1994). exploration interest in the issue of access to microfinance particularly by women has been on a rising trend in recent times. Bennet and Goldberg( 1993) asserted that in developing husbandry, low- income women are frequently victims of societal repression and abuse; while their counterparts in developed husbandry are victims of advancing demarcation. It’s thus argued that advancing to women may help empower them economically and socially.
The heightened interest in the gender dimension of microfinance in recent times stems from the fact that women are frequently seen as instruments for societal change and development and as similar, empowering them may be of great benefit to society. Access to credit by women has thus come the main subject of numerous global and indigenous conferences, forums and shops. Experts have extensively conceded the substantial donation of small and micro enterprises( of which women participation constitute larger chance) to the entrepreneurialdevelopment of a nation, thus the need to support them to grow. It’s thus no magnification to state that, the most important thing, which every society in the contemporary world has set for itself, is to empower its women to be suitable to go introductory musts of life similar as food, apparel and sanctum; as well as be part of decision making in the home and community. In numerous societies in Africa, which Nigeria is no exception, women aren’t completely integrated into the socio-
profitable development process( Meyer, 1992) and one of the possible counteraccusations is that, these societies are deprived of their full application of their mortal resource capabilities and capabilities. Education, in its true sense brings some position of commission and once a woman is empowered it’ll latterly lead to a reduction in poverty in colorful societies, education helps women to contribute meaningfully to development through participation in decision timber which has been perceived to be the appanage of men.
In an trouble to promote women commission, theU.N general assembly in 1974 passed a resolution emphasizing the precedences of women, their part and participation in entrepreneurialdevelopment and the need to integrate them completely into the development docket. latterly, numerous world conferences like the first Women’s conference in Mexico City in 1975, and others at indigenous situations have been held and continued to be held. All these conferences aimed at developing and emphasizing strategies for the advancement of women so as to overcome the obstacles that women in general hassle in trying to achieve equivalency, peace, respect and a say-so in the development of lives through sustaining their income- generating conditioning to enhance their profitable power.
In developing countries, numerous governments, in collaboration with NGO’s have over the times enforced programmes aimed at empowering women economically and socially. One NGO that has been in the van of backing the entrepreneurial commission of women is Nsehe Micro Finance Ltd. The company, which commenced operations in Nigeria in the time 2004, has accepted the challenge of helping to ameliorate the status and donation of women in the nation’s
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entrepreneurialdevelopment through the provision of small andmicro-credit. This study thus seeks to assess the donation of microfinance to the entrepreneurial commission of women, with a focus on NSEHE MICRO FINANCE microfinance programme.
Statement of the Problem
Traditionally, socio-artistic beliefs and other impediments have long limited women’s participation in the frugality and their access to coffers for development especially in developing countries. still, there’s a general agreement that in order for women to play a meaningful part in profitable development, they must be empowered both at the profitable and social position. One way of empowering women is to make credit fluently accessible to them to finance their small and micro enterprises. In an attempt to realize this ideal, a plethora of programs were enforced by colorful governments in collaboration with other stakeholders aimed at helping women access finances to expand their businesses. Despite, the sweats made by the government, policy makers, NGOs and fiscal institutions in extending fiscal services to micro enterprises( of which the participation of women is topmost), maturity of women still faced enormous challenges in trying to pierce finances for their enterprises. Constraints to microfinance by women in small and micro enterprises can be attributed to a number of reasons similar as low return conditioning accepted by women coupled with heavy domestic workloads; channelizing their low inflows or returns to support the up- upkeep of the home; high rate of ignorance among women, their limited places in ménage decision- making among others. also, the formal fiscal institutions consider advancing to small businesses as a very time consuming and a expensive adventure since microenterprises warrant proper account procedures and possessors constantly mix their business and particular finances, so their
fiscal statements are frequently unreliable. Without access to formal fiscal service, utmost microenterprises are impelled to raise lesser chance of their launch-up capital through their own internal savings and from family members but these are always shy. This study thus intends to explore the donation of microfinance to the entrepreneurial commission of women and the measures that can be taken to make credit fluently accessible to them.
Objects of the Study
The general ideal of the study is to probe the effect of microfinance on the entrepreneurial commission of women.
To examine the entrepreneurial characteristics of NSEHE MICRO FINANCE microfinance programme
To probe the effect of microfinance on the performance of microenterprises.
To examine the effect of microfinance on entrepreneurial commission of women.
Exploration Questions
The exploration questions of the study are as follows;
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What are the entrepreneurial characteristics of NSEHE MICRO FINANCE microfinance programme?
What’s the effect of microfinance on the performance of microenterprises?
Does access to microfinance contributes to the entrepreneurial commission of women?
Significance of the study
The outgrowth of this study will help the government, policy makers and fiscal interposers on the donation of microfinance towards women commission in Nigeria. either, the findings would be useful to lawyers of women commission who can calculate on it to make a case for further credit installations for women to ameliorate their businesses. likewise, the study may help other stakeholders particularly NSEHE MICRO FINANCE in reviewing their lending programs towards women in order to achieve lesser effectiveness and offer value added fiscal services.
Exploration Methodology
The study used the check system to dissect the effect of microfinance on entrepreneurial commission of women. Statistical ways similar as frequence, probabilities and statistical tools similar as tables and bar graph are used to dissect the responses to the questionnaire. Detailed methodology is handed in chapter three.
Limitations of the Study
A number of problems were encountered in bearing this study, similar asnon-availability of demanded current data, which would have amended the study further and
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enhance its analysis because of poor data keeping culture. Some difficulties were also faced in carrying applicable information about NSEHE MICRO FINANCE due to sequestration and security reasons. either, time and cost constraints make it technically insolvable for a public check therefore the study reckoned on samples from the Greater Accra region although NSEHE MICRO FINANCE operates in eight regions in Nigeria.
Organization of the Study
The study is organized in five chapters. The first chapter gives the background to the study, problem statement, the objects, exploration questions and the significance of the study among others. The alternate chapter dealt with a review of affiliated literature on the content whereas the third chapter covers the detailed methodology. The fourth chapter covers the donation and discussion of the results. The summary, conclusion and recommendations are handed in the fifth chapter.
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