The Role Of Micro-finance Banks In The Alleviation Of Poverty In Nigeria

The Role Of Micro-finance Banks In The Alleviation Of Poverty In Nigeria

Abstract

This study explores the immense part of the microfinance banks in the relief of poverty in Nigeria. The experimenter revealed that the rate at which pastoral residers deposit their plutocrat in their pillows rather than in microfinance banks is high. Data were collected through primary and secondary sources. As regarded to primary sources, questionnaires and canvassed were used. The ki- forecourt( x ²) system was used for testing of suppositions. Responses to the questionnaires were anatomized using chance system of analysis. Grounded on the findings of this study, an attempt on the part of microfinancing as encouragement to poverty relief in Nigeria may warrant acceptable knowledge of colorful fiscal deals available and how the pastoral residers can pierce them. In conclusion, it hoped that the recommendation will help the microfinance banks to strengthen its weakness for better and effective services in order to achieve its sets of pretensions and socio- profitable advancement for the relief of poverty in Nigeria.