The Impact of Microfinance on Rural Economic Growth: The Nigerian Experience
Summary. Microfinance banking in Nigeria from 2000 to 2015 failed to boost agricultural productivity but successfully increased rural savings. The study recommends that government invest in rural infrastructure to attract microfinance institutions, encourage relationship-based lending to farmers, and diversify farm resources to mitigate climate-related risks and improve overall rural economic growth.
Cite this article
Nwude, E. C., & Anyalechi, K. C.. (2018). The Impact of Microfinance on Rural Economic Growth: The Nigerian Experience. RePEc: Research Papers in Economics.
Nwude, E. Chuke, and Kenneth Chikezie Anyalechi. “The Impact of Microfinance on Rural Economic Growth: The Nigerian Experience.” RePEc: Research Papers in Economics, 2018.
Nwude, E. Chuke, and Kenneth Chikezie Anyalechi. 2018. “The Impact of Microfinance on Rural Economic Growth: The Nigerian Experience.” RePEc: Research Papers in Economics.
@article{nwude-2018-impact-microfinance-rural-economic-growth,
title = {The Impact of Microfinance on Rural Economic Growth: The Nigerian Experience},
author = {E. Chuke Nwude and Kenneth Chikezie Anyalechi},
journal = {RePEc: Research Papers in Economics},
year = {2018}
}
TY - JOUR TI - The Impact of Microfinance on Rural Economic Growth: The Nigerian Experience AU - E. Chuke Nwude AU - Kenneth Chikezie Anyalechi JO - RePEc: Research Papers in Economics PY - 2018 ER -
Details
- Countries
- Nigeria
- Regions
- Africa
- Categories
- funding, food-systems, climate-and-environment
- Added
- 2026-04-28