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The Appraisal Of Rural Banking Development In Nigeria.
[A CASE STUDY OF BALOGUN FUNLANI MICRO FINANCE BANK ILORIN BRANCH]
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1.4 OBJECTIVE OF THE STUDY
The objective of this study is to show reader the major problems encountered in rural banking system.
It also demonstrates the impact of rural banking on the agricultural production.
Furthermore, the objectives of this study is to point out user the
justification of rural banking system in the rural areas with particular
reference to the actives of the united bank for Africa balogun Fulani
microfinance bank. Kwara state.
To make recommendation based on
research finding on appraisal of rural banking development in Nigeria as
a device for business growth and development.
1.5 SIGNIFICANT OF THE STUDY
The research work helped to expose the benefit of the rural banking
development and also gave suggestion and information which can be used
to improve the scheme they are as follows.
Improvement of the general standard of living of the rural areas economically and socially.
Promotion of credit facilities for the rural farmer to boast
agricultural production, hence, self sufficiency will be achieved food
production.
Production in the drift of young men and women from rural areas to the urban centre.
1.6 LIMITATION OF THE STUDY
When a research of this mature is being carried out there is bound to some anticipation constraints, this project is therefore not exception.
The study was feed with finance problem as well as problem of getting interviews conducted time factor is also another impediment to the study which eventually made the study to be limited to limited bank for Balogun Fulani microfinance branch alone.
In availability of enough text in the school library for the purpose of research made it difficult to gather secondary data reading gist available text books, encyclopedia newspaper, magazines, and soon.
1.7 DEFINATION OF TERMS
1. DWELLERS: - these are the people that reside in the community.
2. FOREIGN EXCHANGE: - the stock of foreign currencies is including gold which are available to a country for its use in international transaction over a specified period at time.
3. INTERMEDIARIES: - the bank service as a middle man between the people who save their money in the bank and those borrow money from the banks.
4. LOAN: - thing that is lent, especially a sum of money.
5. OVERDRAFT: - amount of money by which a bank is overdrawn.
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