Impact of Microfinance on Rural Transformation in Nigeria

Nwankwo Odi, G. A. Olukotu, Abah Emmanuel · 2013 · International Journal of Business and Management

Summary. Microfinance banks in Nigeria fill a critical gap left by traditional deposit money banks, providing financial services to rural poor communities. The study finds that microfinance positively impacts rural transformation through agricultural loans, investment opportunities, savings mobilization, and community development financing. However, challenges including loan repayment problems, borrower illiteracy, and weak monitoring of enterprises limit effectiveness. The authors recommend better product-customer alignment, improved cash flow analysis, expanded service offerings, and stronger regulatory oversight.

Read the original

Cite this article

Odi, N., Olukotu, G. A., & Emmanuel, A.. (2013). Impact of Microfinance on Rural Transformation in Nigeria. International Journal of Business and Management. https://doi.org/10.5539/ijbm.v8n19p99

@article{odi-2013-impact-microfinance-rural-transformation-nigeria,
  title   = {Impact of Microfinance on Rural Transformation in Nigeria},
  author  = {Nwankwo Odi and G. A. Olukotu and Abah Emmanuel},
  journal = {International Journal of Business and Management},
  year    = {2013},
  doi     = {10.5539/ijbm.v8n19p99},
  url     = {https://doi.org/10.5539/ijbm.v8n19p99}
}

TY  - JOUR
TI  - Impact of Microfinance on Rural Transformation in Nigeria
AU  - Nwankwo Odi
AU  - G. A. Olukotu
AU  - Abah Emmanuel
JO  - International Journal of Business and Management
PY  - 2013
DO  - 10.5539/ijbm.v8n19p99
UR  - https://doi.org/10.5539/ijbm.v8n19p99
ER  -

Details

DOI: 10.5539/ijbm.v8n19p99
Countries: Nigeria
Regions: Africa
Categories: funding, entrepreneurship
Added: 2026-04-28