ASSESSMENT OF THE IMPACTS OF MICRO-FINANCE INDUSTRY ON THE DEVELOPMENT OF THE RURAL AREA IN NIGERIA (A CASE STUDY OF GAA-AKANBI MICRO FINANCE BANK ILORIN)

TABLE OF CONTENT

Title page                                                                         i

Certification                                                             ii

Dedication                                                               iii

Acknowledgement                                                    iv

Table of content                                                       v

Abstract                                                                   vi

CHAPTER ONE

INTRODUCTION

1. Background to the study
2. Statement of  the problem
3. Aims and objectives of the study  
4. Scope of the study
5. Limitation  and constraints to the study

CHAPTER TWO

LITERATURE REVIEW

• Conceptual issue in micro finance industry
• Rational  for the establishment of microfinance
• Features of micro finance industry in  Nigeria
• Regulatory authority and  audlines.
• Meaning  and feature of rural area
• Rate of poverty in  rural  area
• Reason  for increasing  rate of poverty in  rural  area
• Impacts of micro finance bank towards eradicating poverty in rural area.
• Problems of union banks in eradicating poverty.

CHAPTER THREE

RESEARCH METHODOLOGY

• Data  collection method/techniques
• Data presentation  and analysis method
• Definition  of population
• Sample size and distribution
• Sample selection

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS, SUMMARY CONCLUSION AND RECOMMENDATION,

• Brief  history  of case study
• Data  presentation  and  analysis  
• Summary of findings
• Conclusion
• Recommendations

References

Appendix

ABSTRACT

This study researches into the Assessment of the Impacts of Microfinance Industry on the Development of the Rural Area in Nigeria, A Case Study of Gaa-Akanbi Micro Finance bank Ilorin. It examines the significant of micro finance bank in Nigeria. It was concluded that knowing the population of rural area is very low, with special reference to Gaa-Akanbi Micro Finance Bank.      

CHAPTER ONE

INTRODUCTION

1.1   BACKGROUND TO THE STUDY

        According to Banda M. (2002), micro finance industry is about providing finance service to the poor who are traditionally not serve by the conventional financial institution in Nigeria the formal financial system provides services to about 35% of economically active population which the remaining 65% are excluded from the access to financial services. The small and medium scale enterprises falls among the 6% who are not catered for financially. The financial need of most of these small and medium scale enterprises are catered for by the informal financial sector via non-government organization (NGO’s), friends, money under relatives as well as credit unions.

        In order to enhance financial flow to the poor Nigerians who want to start up a small and medium scale business, the government has in the past initiated a series of publicly financed micro-credit programe and policies targeted at the poor. Some of such programe were agricultural credit guarantee scheme (ACGS), people bank of Nigerians community banks (CB), now micro finance bank etc. all these are aimed at empowering Nigerians and local productions.

        Microfinance industry the main source of funding micro enterprises in Nigerian Africa and even other developing regions.

        This study is aimed at undertaking a primary survey of micro finance institution or industry has helped in conditioning poverty in the rural area. It will also examine the framework of microfinance institution and also observed how the operation of micro-finance. To this research work will make a critical education of micro finance institution and wide examination of rural area (concentration on the level of poverty) and how the operations of the institution have helped in reading poverty.

1.2   THE FOLLOWING ARE THE PROBLEMS THAT NECESSITATED OUR CHOICE OF THE TOPIC: