The Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeria

Abu Ikponmwosa Noruwa, Ezike John Emeka · 2012 · International Journal of Business Administration

Summary. Microfinance banks in Nigeria's Lagos State struggle to reduce poverty and support entrepreneurship due to significant operational challenges. The study found high loan default rates among small enterprises and identified major obstacles including poor credit documentation, applicant identity verification issues, and economic instability. These problems undermine the sustainability of microfinance institutions attempting to empower rural and urban entrepreneurs through credit access.

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@article{noruwa-2012-role-sustainability-microfinance-banks-reducing,
  title   = {The Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeria},
  author  = {Abu Ikponmwosa Noruwa and Ezike John Emeka},
  journal = {International Journal of Business Administration},
  year    = {2012},
  doi     = {10.5430/ijba.v3n3p33},
  url     = {https://doi.org/10.5430/ijba.v3n3p33}
}

TY  - JOUR
TI  - The Role and Sustainability of Microfinance Banks in Reducing Poverty and Development of Entrepreneurship in Urban and Rural Areas in Nigeria
AU  - Abu Ikponmwosa Noruwa
AU  - Ezike John Emeka
JO  - International Journal of Business Administration
PY  - 2012
DO  - 10.5430/ijba.v3n3p33
UR  - https://doi.org/10.5430/ijba.v3n3p33
ER  - 

Details

DOI

10.5430/ijba.v3n3p33

Countries

Nigeria

Regions

Africa

Categories

funding, entrepreneurship

Added

2026-04-28