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Informal Savings and Poverty Reduction among Women in MSEs: An Exploratory Study

Moses, Chinonye, Love (2008) Informal Savings and Poverty Reduction among Women in MSEs: An Exploratory Study. In: 'Fhe Challenges o£ Sustainable Growth and Poverty Reductionil1 Nigeria. Mindex Publishing, pp. 98-115. ISBN 978 - 978 - 48849 -5 - 2

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Abstract

Micro and Small Enterprises in Nigeria, (MSEs) has increasingly been contributing to the rapid growth of Nigerian economy in recent years. It has been producing over half of industry value added and more than half of Nigerian Gross National income. Aside from this, it has also accounted for poverty alleviation, employment creation and wealth creation among the populace of Nigeria. In terms of finance, Women in MSEs accessibility to formal financial institution has remained to be very low. Upon this thrust, this study aims at examining the effect of infmmal savings on poverty reduction among women in MSEs. Primary and secondary data were used in carried out the study. The instrument of questionnaire was issued in obtaining the data required for the study. The data gathered was analysised using descriptive analysis and regression analysis. The results revealed that although strong significant relationship exist between informal savings and business performance of women in MSEs, informal finance scheme is usually encounter problem such as not having sufficient funds to satisfy the financial needs of MSEs operators, lack of access to information, illiteracy etc. Among other things, it was recommended that the government should assist the informal financial institutions by establishing a Credit Guarantee Fund Scheme that can help in augmenting their financial base.

Item Type: Book Section
Uncontrolled Keywords: Informal Savings, Women Entrepreneurs, Micro and Small Enterprises
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mr Solomon Bayoko
Date Deposited: 12 May 2014 11:46
Last Modified: 19 Feb 2016 09:12
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/2599

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