Kwara State University
OLORUNTOBA OYEDELE
Designation: LECTURER 1
Department: Accounting and Finance
| My Publications | ||||||||
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| S/N | Title | Abstract | Authors | Volume Numbers | Publication Type | Publication Date | Link | |
| 1 | MICROFINANCE BANKS AND FINANCIAL INCLUSION: EMPIRICAL INVESTIGATION OF WOMEN ENTREPRENEURS IN KWARA STATE, NIGERIA |
The study investigates the pattern of products/services made available by microfinance banks and rendered to women and the degree of accessibility of microfinance banks’ products/services by women entrepreneurs in Kwara State, Nigeria. Study also examines the daunting challenges confronting microfinance banks in financing women entrepreneurs and also identifies the obstacles preventing women entrepreneurs from having access to microfinance products/services in Kwara State, Nigeria. The study establishes that majority of financial products/services, such as local purchase order, assets financing, hire purchase, emergency loan and cheque discounting, that were made available to customers were not accessible by women entrepreneurs in Kwara State. Descriptive cross-sectional research design was employed to collect data by means of structured questionnaire from total number of forty (40) microfinance managers and forty (65) registered women entrepreneurs through purposive technique as a sample size for the study. Data were analyzed with the aid of descriptive statistics. Results reveal that majority of financial products/services, such as local purchase order, assets financing, hire purchase, emergency loan and cheque discounting, that were made available to customers were not accessible by women entrepreneurs in Kwara State. Results also show that diversion of the loan granted, delay in repayment of loans, patriarchal bias and lack of business plan are the most daunting challenges confronting microfinance institutions in financing women entrepreneurs, while interest rate charged by MFBs, conditions of loans, frauds and forgeries, payback period, regulatory and supervisory loopholes and non-\availability of microfinance banks in rural areas of Kwara State are major obstacles preventing women entrepreneurs from being financially inclusive. The study therefore recommends that Central Bank of Nigeria should recapitalized microfinance banks and encourages them to relax the c | Oyedele, O., Ogunlade, O and Adeleke, K | Volume 6(1):50-59, 1. ISSN: 2360-890X. | International Journal of Innovative Finance and Economics | 2018-03-15 | ||