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Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria

Poverty is a global and multi-dimensional issue that affect community’s life. Poverty in its most general sense is the lack of necessities, basic food, shelter, medical care, and safety which influence the quality of life. Quality of life is a complex concept that incorporates many aspects of lif...

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Main Author: Onyebuchi, Umeh Valentine
Format: Thesis
Language:English
Published: 2019
Subjects:
Microfinance
Poverty
Quality of life - Nigeria
Online Access:http://psasir.upm.edu.my/id/eprint/90710/1/IPSAS%202020%201%20IR.pdf
http://psasir.upm.edu.my/id/eprint/90710/
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spelling my.upm.eprints.907102021-09-06T05:57:13Z http://psasir.upm.edu.my/id/eprint/90710/ Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria Onyebuchi, Umeh Valentine Poverty is a global and multi-dimensional issue that affect community’s life. Poverty in its most general sense is the lack of necessities, basic food, shelter, medical care, and safety which influence the quality of life. Quality of life is a complex concept that incorporates many aspects of life, both material and non-material. Like many developing countries, in Nigeria, microfinance scheme plays a great role in improving the quality of life of its beneficiaries. This study is to examine the impact of microfinance scheme towards quality of life amongst the rural dwellers in Abia State of Nigeria. Specifically, this study examined the level of attitude, subjective norms, participation and quality of life among microfinance beneficiaries. This study also measured the mediating effect of participation on the relationship between attitude and subjective norm and quality of life. Simple stratified random sampling was used to select 391 respondents. The study covers all the 17 local government area of Abia State residents. Data was collected using questionnaires developed based on literature, concepts and related theory. The instruments were designed with 5 Likert scale and which consists of five sections namely: the respondent’s profile, attitude, subjective norm, participation and quality of life respectively. Descriptive and inferential statistic such as Pearson correlation, and multiple regression was utilized to measure the relationship between the variables studied. The findings showed that there is a significant relationship between attitude, subjective norms, participat ion and quality of life. Findings also revealed that there is a mediating effect of participation between attitude and quality of life. Similarly, analysis also revealed that there is a mediating effect of participation between subjective norms and quality of life. This means that participation in microfinance scheme has strong impact towards improving the quality of life for the rural dwellers in Abia State of Nigeria. This study also indicates that microfinance scheme initiated by the government is a tool to development in rural community. As such this initiative as a form of economic community development has the potential to be implemented in a wider scale to improve the life of the rural community in Nigeria. 2019-11 Thesis NonPeerReviewed text en http://psasir.upm.edu.my/id/eprint/90710/1/IPSAS%202020%201%20IR.pdf Onyebuchi, Umeh Valentine (2019) Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria. Masters thesis, Universiti Putra Malaysia. Microfinance Poverty Quality of life - Nigeria
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
topic Microfinance
Poverty
Quality of life - Nigeria
spellingShingle Microfinance
Poverty
Quality of life - Nigeria
Onyebuchi, Umeh Valentine
Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria
description Poverty is a global and multi-dimensional issue that affect community’s life. Poverty in its most general sense is the lack of necessities, basic food, shelter, medical care, and safety which influence the quality of life. Quality of life is a complex concept that incorporates many aspects of life, both material and non-material. Like many developing countries, in Nigeria, microfinance scheme plays a great role in improving the quality of life of its beneficiaries. This study is to examine the impact of microfinance scheme towards quality of life amongst the rural dwellers in Abia State of Nigeria. Specifically, this study examined the level of attitude, subjective norms, participation and quality of life among microfinance beneficiaries. This study also measured the mediating effect of participation on the relationship between attitude and subjective norm and quality of life. Simple stratified random sampling was used to select 391 respondents. The study covers all the 17 local government area of Abia State residents. Data was collected using questionnaires developed based on literature, concepts and related theory. The instruments were designed with 5 Likert scale and which consists of five sections namely: the respondent’s profile, attitude, subjective norm, participation and quality of life respectively. Descriptive and inferential statistic such as Pearson correlation, and multiple regression was utilized to measure the relationship between the variables studied. The findings showed that there is a significant relationship between attitude, subjective norms, participat ion and quality of life. Findings also revealed that there is a mediating effect of participation between attitude and quality of life. Similarly, analysis also revealed that there is a mediating effect of participation between subjective norms and quality of life. This means that participation in microfinance scheme has strong impact towards improving the quality of life for the rural dwellers in Abia State of Nigeria. This study also indicates that microfinance scheme initiated by the government is a tool to development in rural community. As such this initiative as a form of economic community development has the potential to be implemented in a wider scale to improve the life of the rural community in Nigeria.
format Thesis
author Onyebuchi, Umeh Valentine
author_facet Onyebuchi, Umeh Valentine
author_sort Onyebuchi, Umeh Valentine
title Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria
title_short Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria
title_full Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria
title_fullStr Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria
title_full_unstemmed Impact of microfinance scheme towards quality of life among rural dwellers in Abia State of Nigeria
title_sort impact of microfinance scheme towards quality of life among rural dwellers in abia state of nigeria
publishDate 2019
url http://psasir.upm.edu.my/id/eprint/90710/1/IPSAS%202020%201%20IR.pdf
http://psasir.upm.edu.my/id/eprint/90710/
_version_ 1710677230630207488
score 13.211869

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