ROLE OF MICRO FINANCE BANKS IN THE ECONOMY DEVELOPMENT OF NIGERIA

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INTRODUCTION

Micro finance Bank (describe here as small scale financial services to claim that they are economically active various urban and rural areas) has been proven to be effective in fighting poverty by providing entrepreneurs with the necessary capital to start and expand their entrepreneurial activities.

Last year, successive government has put in place various policies in order to make things easier for the ordinary man on the street. Unfortunately, the struggle for survival has became more difficult and excruciating for the toiling masses. Indeed, the government’s concern for the intolerable poverty level, which is more than 54 percent – over 70 million out of 140 million Nigerian population, is encapsulated also in the recent statement by Prof. Chukwuma Soludo, while lamenting that the poverty level in Nigeria is not only getting to a crisis point but also becoming dynastic.

TABLE OF CONTENT

Title Page

Declaration

Approval page

Dedication

Acknowledgement

Table of Content

CHAPTER ONE

1.0Introduction

1.1Background of the study

1.2Statement of the Problem

1.3Objective of the study

1.4Significance of the study

1.5Scope and limitation of the study

1.6Definition of term

CHAPTER TWO

2.0Review of Literature

2.1Definition of Micro finance

2.2Role of micro finance bank in Nigeria economy

2.3Beneficiaries from micro finance bank

2.4Problem encountered by micro finance bank in Nigeria economy

2.5Procedure for established micro finance bank

CHAPTER THREE

3.0Summary, Conclusion and Recommendation

3.1Summary

3.2Conclusion

3.3Recommendation

Bibliography

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ROLE OF MICRO FINANCE BANKS IN THE ECONOMY DEVELOPMENT OF NIGERIA

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