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Assessment Of The Impacts Of Micro-finance Industry On The Development Of The Rural Area In Nigeria
[A CASE STUDY OF GAA-AKANBI MICRO FINANCE BANK ILORIN]
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Finally, at the completion of this work the following group will benefit one way as listed below
A. Micro finance institutions:
(i) This research work will increase their scope of service and profitability
(ii) The research work will also assist the micro finance banks in identifying their problems and proper likely dwellers.
B. Rural-dwellers
(i) This research work will educate the rural dweller on the impact of micro finance.
(ii) The project will also educate the rural dweller on how to increase their saving and productivity.
(iii) This research work will also eradicate poverty in rural area by educating the dweller on the effective use of the bank.
Traditional authorities will as well benefit from this project because it will increase their internal revenue generated as a result on increase in their level of productivity.
Finally, local and state government will benefit from this research work through the overall increase in standard of living in the rural area and the state at large.
1.5 SCOPE OF THE STUDY
This research work focus on assessment of the impact of microfinance banks in eradicating poverty in the rural area but because of the existence of some limiting factors the research work delaminate the study with special emphasis on Gaa-Akanbi community as the rural area under study as our sample population.
As a result of this, the research work is an historical case study and investigative based research. It emphasis on Gaa-Akanbi micro finance banks as a case study of the project.
1.6 LIMITATIONS AND CONSTRAINTS TO THE STUDY
In carrying out this research work, some of the limitation or problems encountered are:
(1) Financial constraints, because the research work is personally financed by the researcher.
(2) Inadequate materials to guide in carrying out the research work.
(3) Unenthusiastic attitude of some the respondent in divulging useful information about the research topic
(4) Serious rubbing of minds and brainstorming by the researcher, before unanimously putting down point on the research topic.
(5) Problems of generalization of the final finding of the research to all rural areas in Nigeria However, despite all the limitation encountered during the research effort were made to ensure that the limitation did not serve as an obstacle or hindrance toward the successful competition of this research.
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ABSRACT - [ Total Page(s): 1 ]ABSTRACTThis study researches into the Assessment of the Impacts of Microfinance Industry on the Development of the Rural Area in Nigeria, A Case Study of Gaa-Akanbi Micro Finance bank Ilorin. It examines the significant of micro finance bank in Nigeria. It was concluded that knowing the population of rural area is very low, with special reference to Gaa-Akanbi Micro Finance Bank. ... Continue reading---