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Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria

Poverty is a world phenomenon. Its consequences are traumatic and dehumanizing. Several measures and strategies have been used to alleviate poverty and enhance economic empowerment. One of the economic measures is the Microfinance programme. In Nigeria, government had made efforts to alleviate pover...

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Main Author: Aremu, Kasali Taofeek
Format: Thesis
Language:English
English
Published: 2016
Subjects:
HC Economic History and Conditions
HG Finance
Online Access:http://etd.uum.edu.my/6079/
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spelling my.uum.etd.60792021-04-05T01:57:59Z http://etd.uum.edu.my/6079/ Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria Aremu, Kasali Taofeek HC Economic History and Conditions HG Finance Poverty is a world phenomenon. Its consequences are traumatic and dehumanizing. Several measures and strategies have been used to alleviate poverty and enhance economic empowerment. One of the economic measures is the Microfinance programme. In Nigeria, government had made efforts to alleviate poverty by creating economic opportunities in various forms and empowering the poor through education and financial resources. But the efforts proved elusive and poverty still remains pervasive and widespread especially in the rural communities in Nigeria. The objective of this study is to estimate the determinants of the accessibility to microfinance and its impacts on poverty alleviation in Nigeria particularly in the South-West Zone of the country. A total sum of 1,134 microfinance loan beneficiaries and non-beneficiaries were sampled from three out of the six states in the zone. Applied econometric techniques for development economics like logit and ordered logit regression models; with difference-in differences estimation approach were employed to analyse the data; and the Propensity Score Matching estimators were used to evaluate the potential selection bias. The results identified factors like age, business worth, health status and living standard as germane to microfinance accessibility by the rural poor. The impacts of microfinance loan are positive on poverty alleviation and income, but there is need for improvement; while the programme did not have substantial improvement on the living standard, consumption and health status of the poor in the study area. Government is implored to provide enabling environment for the MFIs and monitor the activities of the latter for better service delivery. MFIs are also advised to create more awareness on their operations and make less stringent conditions for the loan accessibility. The study is significant for academic research, policy formulation and economic planning. 2016 Thesis NonPeerReviewed text en /6079/1/s94570_01.pdf text en /6079/2/s94570_02.pdf Aremu, Kasali Taofeek (2016) Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria. PhD. thesis, Universiti Utara Malaysia.
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Electronic Theses
url_provider http://etd.uum.edu.my/
language English
English
topic HC Economic History and Conditions
HG Finance
spellingShingle HC Economic History and Conditions
HG Finance
Aremu, Kasali Taofeek
Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria
description Poverty is a world phenomenon. Its consequences are traumatic and dehumanizing. Several measures and strategies have been used to alleviate poverty and enhance economic empowerment. One of the economic measures is the Microfinance programme. In Nigeria, government had made efforts to alleviate poverty by creating economic opportunities in various forms and empowering the poor through education and financial resources. But the efforts proved elusive and poverty still remains pervasive and widespread especially in the rural communities in Nigeria. The objective of this study is to estimate the determinants of the accessibility to microfinance and its impacts on poverty alleviation in Nigeria particularly in the South-West Zone of the country. A total sum of 1,134 microfinance loan beneficiaries and non-beneficiaries were sampled from three out of the six states in the zone. Applied econometric techniques for development economics like logit and ordered logit regression models; with difference-in differences estimation approach were employed to analyse the data; and the Propensity Score Matching estimators were used to evaluate the potential selection bias. The results identified factors like age, business worth, health status and living standard as germane to microfinance accessibility by the rural poor. The impacts of microfinance loan are positive on poverty alleviation and income, but there is need for improvement; while the programme did not have substantial improvement on the living standard, consumption and health status of the poor in the study area. Government is implored to provide enabling environment for the MFIs and monitor the activities of the latter for better service delivery. MFIs are also advised to create more awareness on their operations and make less stringent conditions for the loan accessibility. The study is significant for academic research, policy formulation and economic planning.
format Thesis
author Aremu, Kasali Taofeek
author_facet Aremu, Kasali Taofeek
author_sort Aremu, Kasali Taofeek
title Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria
title_short Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria
title_full Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria
title_fullStr Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria
title_full_unstemmed Accessibility to microfinance and its impacts on poverty alleviation in South-West Nigeria
title_sort accessibility to microfinance and its impacts on poverty alleviation in south-west nigeria
publishDate 2016
url http://etd.uum.edu.my/6079/
_version_ 1696978307690528768
score 13.211869

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