Challenges of International Financial Sources supports to microfinance in Nigeria

B.Ed. B.Sc. Adediran Temitayo Arogundade

Diplomová práce

Abstract:

The purpose of this research work was to investigate the challenges of international financial sources towards supporting microfinance in Nigeria. The main objectives of the study were to examine the ways how international financial sources can help to contribute to the developmental impact on microfinance sector in Nigeria, to identify the types of international financial institutions that support microfinance sector in Nigeria and finally to determine the major threats and challenges facing the microfinance banking sector in Nigeria. The primary data for the purpose of this study was gotten from the use of questionnaires. While the rest was obtained from scientific journals and other related literature. The method of Chi-square was used for the data analysis. The hypothesis was tested; the p-values were 0.00 which means that all were less than the level of significance; so it was concluded that there are some major challenges hindering microfinance sector in Nigeria from gaining financial support from international financial institution. It was also detected that there is a significant relationship between the types of international financial institutions and the support to microfinance sector in Nigeria and finally that international financial sources do help contribute to the developmental impact of microfinance sector in Nigeria. The research work recommends that microfinance institutions in Nigeria should try and formalize their practices and build the confidence and trust of prospective donors thereby closing the bridge of lack of financial supports in other to have optimal financial ability to perform its goals, aims and objectives on the target group (poor and low income earners).

Keywords

Nigeria, Developmental Impacts, International Financial sources, Microfinance Sector, International Financial Institutions, Major threats and challenges

Jazyk práce: angličtina

Datum vytvoření / odevzdání či podání práce: 27. 4. 2017

Obhajoba závěrečné práce

• Obhajoba proběhla 27. 9. 2016
• Vedoucí: Ing. Václav Kožený, MBA Ph.D.

Česká zemědělská univerzita v Praze

Fakulta tropického zemědělství

Magisterský studijní program / obor:
Tropické zemědělství / International Development and Agricultural Economics