The Gains of Micro Finance Banking Scheme in The Nigeria Economy (A Case Study of First Micro Finance Bank Oleh)

ABSTRACT

The purpose of this project work is to identify and survey the gains of micro finance banking in Nigeria economy.

In the process of this work, the researcher  worked at the various policy with the development of micro finance bank in Nigeria economy, sources of micro finance bank, role of micro finance bank and socio-economic life of rural area.

It also discus that there is a general inadequate of personnel  in the banking industry and lack of infrastructure facilities on the rural area, lack of social amenities like electricity, pipe borne water, good road etc.

The researcher also find out that rural areas lack security facilities when are needed to protect bank properties.