Micro-financing and rural poverty reduction: A case of Rima Microfinance Bank in Goronyo Local Government Area, Sokoto State, Nigeria

B. Mustapha M., I. Yusuf B., N. Abdullahi A. · 2019 · Journal of Development and Agricultural Economics

Summary. A microfinance bank in rural Nigeria increased beneficiaries' average income from 47,489 to 115,678 naira and reduced poverty incidence by 6 percent through agricultural credit facilities. The study demonstrates that microfinance effectively alleviates rural poverty when combined with input credit and monitoring. Policymakers should expand credit access and strengthen oversight to maximize productivity gains among rural borrowers.

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M., B. M., B., I. Y., & A., N. A.. (2019). Micro-financing and rural poverty reduction: A case of Rima Microfinance Bank in Goronyo Local Government Area, Sokoto State, Nigeria. Journal of Development and Agricultural Economics. https://doi.org/10.5897/jdae2018.0974

@article{m-2019-micro-financing-rural-poverty-reduction,
  title   = {Micro-financing and rural poverty reduction: A case of Rima Microfinance Bank in Goronyo Local Government Area, Sokoto State, Nigeria},
  author  = {B. Mustapha M. and I. Yusuf B. and N. Abdullahi A.},
  journal = {Journal of Development and Agricultural Economics},
  year    = {2019},
  doi     = {10.5897/jdae2018.0974},
  url     = {https://doi.org/10.5897/jdae2018.0974}
}

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TI  - Micro-financing and rural poverty reduction: A case of Rima Microfinance Bank in Goronyo Local Government Area, Sokoto State, Nigeria
AU  - B. Mustapha M.
AU  - I. Yusuf B.
AU  - N. Abdullahi A.
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Details

DOI: 10.5897/jdae2018.0974
Countries: Nigeria
Regions: Africa
Categories: funding, food-systems
Added: 2026-04-28