Microfinance Institution (MFIs) and Survival of Micro and Small Enterprises (MSEs): Empirical Evidence of TraderMoni Scheme Beneficiaries in South-Western Nigeria
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Date
2021-03-25
Journal Title
Journal ISSN
Volume Title
Publisher
Advances in Social Sciences Research Journal
Abstract
Deregulation in Microfinance Institution (MFIs) in accordance with
regulatory policy architecture since 2005 has not fully stimulated
sustainability towards the informal system due to the inability of MFIs
to access funds and government to judiciously administer credits to
beneficiaries of various schemes; this has led to the partial collapse of
some schemes in Nigeria; despite Government good intentions of
creating employment and alleviating poverty. In view of this, this study
assessed Microfinance Institution (MFIs) and Survival of Micro and
Small Enterprises (MSEs): Empirical evidence of tradermoni scheme
beneficiaries in South-Western Nigeria. The study adopted Tedeschi
model (2006) that examined incentives available for borrowers to
repay loans. Furthermore, reference was made to Markov Chain model
to investigate the response of individual borrower as an applicant and
beneficiary of tradermoni scheme in the context of this study. Eighteen
MFIs were sampled from 2009 – 2020. Panel data was adopted for the
study. The result showed mixed influences of MFIs on survival of MSEs.
We are hopeful that findings of this paper would help to fill the existing
gap on the influence of MFIs on the survival of MSEs.
Description
Staff Publication
Keywords
Micro-financing,, Financial Institutions,, Micro and Small Enterprises,, TraderMoni,, Central Bank of Nigeria.
Citation
Adamolekun, W., Obadeyi, J. A., Ogbeide, S. O., & Akande, A. A. (2021). Microfinance Institution (MFIs) and Survival of Micro and Small Enterprises (MSEs): Empirical Evidence of TraderMoni Scheme Beneficiaries in South-Western Nigeria. Advances in Social Sciences Research Journal, 8(3) 195-215