Effect of Microfinance Banks on the Performance of Women Entrepreneurs in Anambra State

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Effect of Microfinance Banks on the Performance of Women Entrepreneurs in Anambra State

EFFECT OF MICROFINANCE BANKS ON THE PERFORMANCE OF WOMEN ENTREPRENEURS IN ANAMBRA STATE

OBANANYA, CHINWE

cg.obananya@coou.edu.ng 

1Department of Entrepreneurship studies

Chukwuemeka Odumegwu Ojukwu University, Igbariam, Anambra State Nigeria

ABSTRACT

This study examined effect of microfinance banks on the performance of women entrepreneurs in Anambra State, Nigeria. The study investigated the effect of microfinance banks savings mobilization and strategic partnership on the performance of women entrepreneurs in Anambra State. The study reviewed relevant conceptual, theoretical and empirical literature. This research work was anchored on resource-based theory. Descriptive research design was adopted in this study. The researcher made use of primary and secondary sources of data. The population comprises 1822. The sample of the study consists of 328 using Taro Yamane’s formula.  The researcher used face and content validity and reliability of the instrument used was test-retest and Cronbach Alpha. The data generated through questionnaires were analyzed using simple percentage while multiple linear regression analysis was employed to test the hypotheses. The study found out that microfinance bank credit schemes can significantly assist the performance of women entrepreneurs.  Microfinance banks savings mobilization can significantly encourage the performance of women entrepreneurs and Strategic partnership of microfinance banks can significantly help the performance of women entrepreneurs in Anambra State.  Based on the findings of this study, the study concluded microfinance banks can significantly assist the performance of women entrepreneurs. The study recommended that Federal Government should put in place policies and programs that support the existence of Microfinance banks across the country. The researcher also recommend that more people should still research more in this area, to enable the Government pay more attention to this area since the poor in the society mostly operate at this level. Government should assist some women entrepreneurs in Anambra State who do not have Microfinance Bank in their town to establish one in order to help the citizen achieve their goals and make life meaningful for them.  

KEYWORDS: Microfinance Bank Credit Schemes, Microfinance Banks Savings Mobilization, Strategic Partnership of Microfinance Banks and Performance of Women Entrepreneurs

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