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Effect of Microfinance Banks on the Performance of Selected Women-Owned Enterprises in Makurdi Metropolis, Benue State, Nigeria

Authors: Diaka, H.S; Asenge, E. L;

Effect of Microfinance Banks on the Performance of Selected Women-Owned Enterprises in Makurdi Metropolis, Benue State, Nigeria

Abstract

This study examined the effect of microfinance banks on the performance of women-owned enterprises in Benue State, Nigeria. The study focused on women entrepreneurs who are clients of selected Microfinance Banks in Makurdi Metropolis, Benue State. The study specifically examined the effect of microfinance loan services, microfinance saving services and microfinance training services on the performance of women-owned enterprises in Benue State. A survey design was adopted for the study and questionnaire was used for data collection. The population consists of 68 owners of women-owned enterprises in Makurdi metropolis, Benue State. A census sampling method was adopted and the entire population was used for this study. Simple percentages, mean and standard deviation were used for data presentation and analysis while regression analysis was used for test of hypotheses. Findings of the study revealed that microfinance loan services, microfinance saving services and microfinance training services have significant effect on the performance of women-owned enterprises in Benue State. The study concludes that microfinance banks services significantly affect the performance of women-owned enterprises in Benue State. The study recommended amongst others that microfinance banks should always give loans to female entrepreneurs in Benue State with low interest rates in order to encourage them to expand their businesses and improve their standard of living.

{"references": ["Adama, J.I. and Agbim, K.C. (2015). Micro-Credit as a Strategy for Poverty Alleviation among Women Entrepreneurs in Nasarawa State, Nigeria. Journal of Business Studies Quarterly, 6(3),52-64", "Ankunda, A. F. (2009). Improving enterprise performance: The case of Uganda Women Entrepreneurs Association Limited", "Awojobi, O.N. (2014). Empowering Women through Micro-Finance: Evidence from Nigeria. Australian Journal of Business and Management Research, 4(1), 17-26", "Brana, S. (2008). Microcredit in France: Does gender matter?5th Annual Conference-Nice. European Microfinance Network", "Dubreuil, G.S. and Mirada, C.T. (2010). Micro credit and Women Empowerment: an empirical case\u2013study based in Catalonia. Presented to the 2010 ISTR International Conference \u2013 Istanbul", "Duru, I.U., Yusuf, A. and Kwazu, V.C. (2017). Role of Microfinance Banks Credit in the Development of Small and Medium Enterprises in Lokoja, Kogi State, Nigeria. Asian Journal of Economics, Business and Accounting, 5(3): 1-9."]}

Keywords

Women-owned Enterprises, Microfinance Loan Services,, Microfinance Training Services,, : Microfinance Bank,

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selected citations
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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).
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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.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
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