Get the complete project »
- The Complete Research Material is averagely 53 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.1 BACKGROUND OF THE STUDY
A microfinance institution is a semi formal organization. It can be non government al or community development initiative. It is a subset of flexible structures and system which provide a wide range of financial and saving needs of small scale enterprises in developing countries where top town formal financial institutions have failed to address the credit need off the real sector of the economy.
The Nigeria microfinance institution have come along way, a central bank study has identified as at 2001, 160 registered microfinance institutions in Nigeria with aggregate savings worth N99.4m and outstanding credit of N649.1m indicating huge business transactions in the business (Anyanwu, 2004). Institutional structures for the provision of micro credit vary and may be government, NGO supported, traditional, or mixture of two or more of these, there are all those that operate on the line of informal models. They are credit and savings association which are based on the traditionally experience, they provides savings and credit services to their members.
Despite the availability of microfinance and the establishment of microfinance institutions in Nigeria, there are yet no established government policies and mechanisms for regulating and supervising activities in the sector (Anyanwu, 2004). In 2000, a national conference on microfinance was organized by the federal government of Nigeria and the world bank recommended that the central bank of Nigeria to take up the responsibility of developing an appropriate Policy as well as regulatory and supervisory frame work for the operation of microfinance institutions. The workshop recognized that the development of appropriate microfinance policy was critical to the development of sustainable microfinance institutions and by implicated through micro enterprises in Nigeria. (CBN, 2001).
1.2 STATEMENT OF THE PROBLEM
The establishment of microfinance banks in Nigeria provide an additional finding source to small and medium scale enterprises on lending basis. This is so because the microfinance banks have grassroots orientation and greater expertise in financing small and medium scale enterprises. But inspite of the prospect of microfinance banks in financing small and medium scale enterprise, they are constraint with myriad of problems ranging from managerial to their inability to properly evaluate loan application and improper credit risk management which has resulted to a high degree of unpaid debt and consequently the closure of so many micro finance bank in the recent past. It is against this that the subject matter is seen as a empirical problem worthy of being investigated.
1.3 OBJECTIVES OF THE STUDY
i. To find out the causes of unpaid debt in Gyelesu Microfinance bank.
ii. To identify the techniques used in evaluating loan application and
credit management in Gyelesu Microfinance Bank.
iii. To examine the prospect of Gyelesi Microfinance bank in financing
small and medium scale enterprises.
iv. To identify the constraint militating against the effect management of Gyelesu micro finance bank and recommend workable solution.
1.4 SIGNIFICANCE OF THE STUDY
The study would be beneficial to microfinance bank and government agency incharge of microfinance institution and capacity building for small and medium scale enterprises, especially and they utility the finding of this research as basis for policy formulation. The study would also contribute to the existing knowledge on the problem and prospect of microfinance bank in financing small and medium scale enterprises. The study will also be a spring board for further research.
1.5 RESEARCH QQUESTIONS
i. What are the causes of unpaid debt in Gyelesu microfinance bank
ii. What are the techniques used in evaluating loan application and credit management in Gyelesu micro finance bank.
iii. What are the prospect of Gyelesu micro finance bank in financing small and medium scale enterprise?
iv. What are the constraint militating against the effective management of Gyelesu micro finance bank and how can it be solved?
1.6 SCOPE OF THE STUDY
The study covers the examination of the problems and prospect of Gyelesu micro finance bank scale enterprises. To this end investigation would be made into the prospect of microfinance bank in financing small and medium scale enterprises as well as the problems militating against microfinance bank in financing small and medium scale enterprises. The study shall cover a time from 2007 to 2011.
1.7 LIMITATION OF THE STUDY
For the fact that the study is restricted Gyelesu micro finance and the survey design as well as questionnaire is used as the research design as well as instrument of the study, it is no certain if the study is conducted on other area or other design and instrument is used would yield the same result, other constraint arise from the uncooperative attitude of some respondents as well as constraint in access literatures on the subject matter.
1.8 DEFINITION OF KEY TERMS
Microfinance banks: This are small scale bank that specializes in giving loans and mobilizing savings from small and medium scale enterprise as well as low income earners.
Small scale enterprise: A firm that is independently owned and operated on a small and which is not dominant in its field of operation.
Medium scale enterprise: A firm that is higher than a small scale but not up to a large scale enterprise. A firm with a total capital employed of not more than N50 million including working capital.
Loans: These are advances giving to individual or lenders by financial institution
Economic Growth: the nations expansion capacity to produce goods and services.
Risk Management: This are precautionary measures taken to prevent default in loan and losses.
Loan Appraisal: This are criteria used in evaluating the loan proposal.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR BANKING FINANCE FINAL YEAR PROJECT RESEARCH TOPICS
1. THE EFFECT OF COMMERCIAL BANK CREDIT POLICIES IN PROMOTING SMALL – SCALE BUSINESS ENTERPRISES IN NIGERIA» CHAPTER ONE 1.0 INTRODUCTION Commercial banks credit polices provides a wide range of financial services to individual, small or medium sized firms an...Continue Reading »
» INTRODUCTION 1.1 Background to the study Financial report is shown by an information management to assess the quality of a firm's performance and demo...Continue Reading »
3. IMPACT OF COMPUTERISATION IN BANKING SECTOR: A CASE STUDY OF SELECTED COMMERCIAL BANK IN ABUJA UBA» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY Today’s business environment is very dynamic and undergoes rapid changes as a result of technol...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.0 Background of the Study The Nigerian banking industry has witnessed tremendous changes and expansion since the mid 1980s....Continue Reading »
5. AN ANALYSIS OF THE OPERATION OF THE NIGERIAN CAPITAL MARKET (A CASE STUDY OF THE NIGERIAN STOCK EXCHANGE KADUNA BRANCH)» ABSTRACTThe capital market has an important contribution make in terms of mobilization of savings to profitable self liquidating investment. An analys...Continue Reading »
» ABSTRACT The stock market is a common feature of a modern market economy and it is reputed to perform necessary functions, which promote the growth an...Continue Reading »
7. THE IMPACT OF RISING INTEREST RATE ON MANUFACTURING SECTOR OF THE NIGERIAN ECONOMY (A CASE STUDY OF SUNGLASS NIGERIA LIMITED, KADUNA)» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The Central Bank of Nigeriais responsible for implementing monetary policy, regulating and superv...Continue Reading »
8. APPRAISAL OF THE ECONOMIC IMPLICATION OF ELECTRONIC BANKING IN NIGERIA BANKS (A CASE STUDY OF DIAMOND BANK)» CHAPTER ONE 1.1 BACKGROUND OF THE STUDY Before the emergence of modern banking system, banking operation was manually done which lead to a slow down i...Continue Reading »
9. THE CAUSES, EFFECT AND PREVENTION OF FRAUD IN THE BANKING INDUSTRY (A CASE STUDY OF UNION BANK PLC)» CHAPTER ONE 1.0 INTRODUCTION With the existence of so many banks and the establishment of new ones in the banking industry, the banking environment is...Continue Reading »
10. TRAINING DEVELOPMENT AND PROMOTION AS A MEANS OF BOOSTING EMPLOYEES MORALE IN AN ORGANIZATION A CASE STUDY OF CADBURY NIGERIA PLC LAGOS» 1.0 INTRODUCTION Every Organization be it people or private has the primary aim of achieving the organizational goals for which it was being set up. T...Continue Reading »