MICROFINANCE INSTITUTIONS CREDIT TERMS AND THE FINANCING OF MICRO ENTERPRISES IN NASARAWA STATE
| dc.contributor.author | John, Adigizey D. | |
| dc.contributor.author | Naburgi, Musa Mohammed | |
| dc.date.accessioned | 2023-12-10T17:48:27Z | |
| dc.date.available | 2023-12-10T17:48:27Z | |
| dc.date.issued | 2015-10-10 | |
| dc.description.abstract | This study examines the effects of Microfinance Institutions Credit Terms on Financing of Micro Enterprises (MEs) in Nasarawa State. Descriptive research design was adopted using Ordinary Least Square Method of Regression on data collected through structured closed ended questionnaires of 5 point Likert scale format from the sampled MEs in Nasarawa State, using stratified and convenient sampling methods. The findings of the study reveal that, cost of money is negatively related to MEs willingness to borrow in Nasarawa State with statistical significance. In the case of collateral, a significant positive effect on access to finance is shown. The study concludes that, MEs accessibility to finance is a function of collateral security they present. It is also concluded that, MEs are discouraged to borrow when interest rate is high. The study recommends among others that, Government should endeavour to provide a scheme that can assist the MEs in the state to access loans without stringent collateral requirements. | en_US |
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| dc.identifier.uri | https://keffi.nsuk.edu.ng/handle/20.500.14448/918 | |
| dc.language.iso | en | en_US |
| dc.publisher | Banking and Finance Department, Nasarawa State University, Keffi | en_US |
| dc.subject | Collateral, Access to Finance, Cost of Money, Willingness to Borrow, Nasarawa State | en_US |
| dc.title | MICROFINANCE INSTITUTIONS CREDIT TERMS AND THE FINANCING OF MICRO ENTERPRISES IN NASARAWA STATE | en_US |
| dc.type | Article | en_US |