INFORMAL FINANCIAL INSTITUTIONS AS SOURCE FOR FINANCING SMALL AND MEDIUM SCALE BUSINESS ENTERPRISES IN NIGERIA: A CASE STUDY OF CYCLE SAVINGS SCHEME

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dc.contributor.authorMohammed, Zakari
dc.date.accessioned2014-03-05T08:17:15Z
dc.date.available2014-03-05T08:17:15Z
dc.date.issued1997-09
dc.descriptionA THESIS SUBMITTED TO THE DEPARTMENT OF BUSINESS ADMINISTRATION FACULTY OF ADMINISTRATION, AHMADU BELLO UNIVERSITY ZARIA, IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF MASTER OF BUSINESS ADMINISTRATION (MBA) SEPTEMBER.en_US
dc.description.abstractABSTRACT The research study was conducted to i d e n t i f y among o t h e r things, why people engage/participate in Cycle "Savings Scheme {CBS) even with the presence of modern banking f a c i l i t i e s and s e r v i c e s within reach, hoy CSS are being organised and managed, and what the members of the scheme use t h e i r r e t u r n s (shares) from the saving schemes for, The study was based on the assumption t h a t : - (a) the socio-economic base and c u l t u a l o r i e n t a t i o n of the r u r al people and indeed t h a t of the low income earners who c o n s t i t u te the majority of the Nigerian Population would not a l l ow them to b e n e f i t fully from the secured and unsecured loans provided by banks to finance any type of business e n t e r p r i s e they would want to e s t a b l i s h and manage; and (b) that the r e t u r n s (shares) from GSSs are adequate, realistic, r e l i a b l e end v i a b l e sources of funis for financing small and medium scale business e n t e r p r i s e s. The research method adopted for the study is survey method. The choice of the research method was based on the fact that the r e s e a r c h covered a wide spectrum of the Nigerian Society with the research subjects running i n t o hundreds of thousands. The population of fhe study are the p r o p r i e t o r s / c o l l e c t o r s of the CSSs and the members of the saving schemes in Nigeria, A simple random sampling technique was used to s e l e c t 20 CSSs represented by t h e i r p r o p r i e t o r s / c o l l e c t o r s and 20 c o n t r i b u t i ng members from each of the 20 CSSs selected from Kaduna and Z a r ia environments - being cosmopolitan areas with different people from a l l works of l i f e across the country and beyond. The sample size is therefore made up of 20 CSSs and 400 c o n t r i b u t i n g members drawn from these areas. The major instruments used for c o l l e c t i ng data were questionnaires, i n t e r v i e w s / d i s c u s s i o n s and observation of the books of the CSSs. Simple descriptive s t a t i s t i cs P a r t i c u l a r l y percentages and frequency t a b l e s were used to analyse the data c o l l e c t e d for the study, The findings of t h i s study, reveals that majority of the CSSs members engage/participate in the Savings Scheme for economic reasons p a r t i c u l a r l y to get some money in bulk to s t a r t and/or maintain t h e i r business e n t e r p r i s e s . Although the CSSs are not r e g i s t e r e d with any government agency, majority of the CSS p r o p r i e t o r s have R u l e s , Regulations and Procedures as legal tender governing the CSS matters to be s t r i c t l y observed and complied with by both the members and the p r o p r i e t o r s . Inspite of some problems associated with the management of CSS, both the p r o p r i e t o r s and members of the saving scheme believe in the v i a b i l i t y and r e l i a b i l i t y of CSSs as source of funds for financing small and medium scale business e n t e r p r i s e s.en_US
dc.identifier.urihttp://hdl.handle.net/123456789/3234
dc.language.isoenen_US
dc.subjectINFORMAL,en_US
dc.subjectFINANCIAL,en_US
dc.subjectINSTITUTIONS,en_US
dc.subjectSOURCE,en_US
dc.subjectFINANCING,en_US
dc.subjectSMALL,en_US
dc.subjectMEDIUM,en_US
dc.subjectSCALE,en_US
dc.subjectBUSINESS,en_US
dc.subjectENTERPRISES,en_US
dc.subjectNIGERIA,en_US
dc.subjectCASE,en_US
dc.subjectSTUDY,en_US
dc.subjectCYCLE,en_US
dc.subjectSAVINGS,en_US
dc.subjectSCHEME.en_US
dc.titleINFORMAL FINANCIAL INSTITUTIONS AS SOURCE FOR FINANCING SMALL AND MEDIUM SCALE BUSINESS ENTERPRISES IN NIGERIA: A CASE STUDY OF CYCLE SAVINGS SCHEMEen_US
dc.typeThesisen_US
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