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ZENODO
Article . 2025
License: CC BY
Data sources: ZENODO
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
ZENODO
Article . 2025
License: CC BY
Data sources: Datacite
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MICROFINANCE INSTITUTIONS OUTREACH AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NORTH CENTRAL NIGERIA

Authors: CHINEDU, Ojji Monday;

MICROFINANCE INSTITUTIONS OUTREACH AND GROWTH OF SMALL AND MEDIUM ENTERPRISES IN NORTH CENTRAL NIGERIA

Abstract

The study examines Microfinance Institutions (MFIs) Outreach and the growth of SMEs in North Central Nigeria. MFIs Outreach was measured using the breadth of outreach proxied by loans to SMEs, Savings of SMEs with MFIs and customer outreach of MFIs. A cross-sectional research design with a descriptive survey method was used to carry out the study. The population of the study consisted of 13378 SMEs in North Central Nigeria, while a sample size of 388 was derived using the Taro Yamane formula. Data was obtained using a questionnaire on a 5-point Likert scale ranging from strongly disagree to strongly agree. The data was analysed using ordinal regression with the aid of SPSS 26. It was found that loans to MFIs and customer outreach of MFIs have a significant effect on the growth of SMEs, while SMEs' savings with MFIs have no significant effect on the growth of SMEs. The study concludes that customers outreach of MFIs and loans from MFIs to SMEs have positively affected the growth of SMEs in North Central Nigeria and therefore recommends that MFIs should review downwards the interest rates charged on their loans, MFIs should build greater visibility nationwide, more synergy with SMEs and sustain their efforts at cash collection while compelling SMEs to maintain some amount of savings before accessing other services of the MFIs should be discouraged. Keywords: Microfinance Institutions, Outreach, Growth of SMEs, Depth of Outreach and Breadth of Outreach

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green