CREDIT MANAGEMENT AND THE PERFORMANCE OF SMALL-SCALE ENTERPRISES IN NIGERIA.

ADEDEJI, ABAYOMI ADEWALE and Covenant University, Theses (2018) CREDIT MANAGEMENT AND THE PERFORMANCE OF SMALL-SCALE ENTERPRISES IN NIGERIA. Masters thesis, COVENANT UNIVERSITY.

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Abstract

This study presents a background for understanding the importance of credit management as it affects the performance of small scale enterprises. Perpetually, credit management involves the matter of credit facility and its management. No matter how efficient managers of credit are, there is always the incidence of bad debts, evaluation of credit management therefore must in-volve thorough supervisory and monitoring techniques. This study examines how financial insti-tutions respond to credit facilities given to their customers and how the small- scale enterprises react to methods of credit management. Small scale enterprises are basically grass-root business-es that support the livelihood of entrepreneurs and in turn create jobs and reduce poverty to a large extent. It is essential that credit facilities extended by the financial institution to the small-scale enterprises are properly managed in order to ensure repayment of facilities and growth of the small- scale business, this growth therefore breeds development for the economy. This there-fore brings us to how the management of credit influences the performance of such businesses. Primary Data were utilized through the Questionnaires administered on deposit money banks, micro finance banks as well as selected small-scale business owners. Descriptive statistics were employed to analyze the data using SPSS so as to test the hypotheses adopted. It was observed that supervisory and monitoring mechanisms are important and influences the performance of the small-scale businesses, it was also observed that the performance of the small-scale affects the development of the economy and that credit management has an effect on whether the small-scale business performs or not. It was also observed that most small-scale owners do not have the expertise to maintain proper records of their activities. It is hereby recommended that Banks should enlighten their customers on importance of proper record keeping, utilization of the credit facilities given to them, and the necessity for prompt repayment of facilities. The study is ex-pected to be useful to entrepreneurs, players in financial institutions and policy makers of the economy.

Item Type:	Thesis (Masters)
Subjects:	H Social Sciences > H Social Sciences (General) H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Social Sciences
Depositing User:	Mrs Hannah Akinwumi
Date Deposited:	19 Jun 2020 11:47
Last Modified:	19 Jun 2020 11:47
URI:	http://eprints.covenantuniversity.edu.ng/id/eprint/13399

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