International Journal of Financial, Accounting, and Management
Vol. 4 No. 4 (2023): March

Microfinance services and the growth of women entrepreneurial businesses in North Central Nigeria

Anoke, Amechi Fabian (Unknown)



Article Info

Publish Date
01 Sep 2022

Abstract

Purpose: This study examined the effect of microfinance services on the growth of Women's entrepreneurial businesses in North-central Nigeria. Research methodology: A survey research design with a population of 7061 women entrepreneurs in North-central, Nigeria and a sample size of 379 was used in the study. The effect between the variables was determined through correlation and multiple regression analysis. Results: The findings revealed that microfinance lending; saving and training services have positive and weighty effects on the growth of women entrepreneurial businesses in Nigeria’s North-central while microfinance management consultancy services recorded an inverse and insignificant impact on the women entrepreneurial businesses' growth in the zone. Limitations: This study is limited to only entrepreneurial women in Nigeria’s North-central with lending services, training services, saving services, and consultancy services as proxies for MFIs services; there are other services provided by MFIs like insurance that are not covered by this study. Contribution: This study incorporated management consultancy services as one of the variables which have hitherto been neglected or ignored in the models that are to explain the microfinance services in Nigeria.

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Journal Info

Abbrev

ijfam

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

This journal is the leading international journal in the field of Financial, Accounting, and Management. International Journal of Financial, Accounting, and Management (IJFAM) comprises a multitude of activities which together form one of the world's fastest-growing international sectors. This ...