Babajide, A. A (2016) MICROSAVINGS MOBILIZATION INNOVATIONS AND POVERTY ALLEVIATION IN NIGERIA. SAVINGS AND DEVELOPMENT, 1 (40). pp. 1-28.
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Abstract
Innovation in microfinance is given as any change in banking technology which resulted in improved viability and/or outreach of the microfinance institution. This paper examined the influence of innovative savings products in the Nigerian banking industry on welfare and business enterprise development of low-income earners and self-employed individuals in Nigeria. The paper employs primary data from a structured questionnaire and uses ordinary least squares to test study hypotheses. The results obtained show that the savings rate has increased by 160% since the introduction of the innovative savings account. The study therefore recommends more awareness programs on innovative savings products.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | UNSPECIFIED |
| Depositing User: | Dr. Tolulope Adesina (Oladeji) |
| Date Deposited: | 29 Jun 2021 10:24 |
| Last Modified: | 29 Jun 2021 10:24 |
| URI: | http://eprints.covenantuniversity.edu.ng/id/eprint/15076 |
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