AN EVALUATION OF THE IMPACT OF THE NIGERIAN AGRICULTURAL AND COOPERATIVE BANK'S DIRECT INVESTMENT LOAN SCHEME IN KATSINA STATE
AN EVALUATION OF THE IMPACT OF THE NIGERIAN AGRICULTURAL AND COOPERATIVE BANK'S DIRECT INVESTMENT LOAN SCHEME IN KATSINA STATE
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Date
2012-11
Authors
CHIMA, KATE OBIANUJU
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Abstract
The thrust of this study is to evaluate the impact of Microfinance banks credit on Kaduna State
and to examine the impact of Microfinance on the beneficiaries. The data utilized cross sectional
data obtained through questionnaires administered randomly to six (6) operators, one hundred
and eighty (180) questionnaires beneficiaries of microfinance banks’ credit facilities and one
hundred and eighty (180) questionnaires non- beneficiaries of microfinance bank credit facilities
respectively. The tools of analysis used are Descriptive Statistics, Paired sample t test technique
and Double Difference (DD) estimator model. The study reveals that (i) there is a significant
difference (in terms of income, business expansion and improved profit) in the number of
businesses who use microfinance products than those that did not use Microfinance Credit. This
study concludes that there is a significant relationship between Microfinance Credit and change
in income, output growth and general welfare level in Kaduna State. Therefore, the study
recommends that the state government in partnership with the Central Bank of Nigeria should
ensure that Microfinance product should be combined with other development tools to leverage
the effect of Credit. Second, repayment should include a grace period with reasonable schedule
instead of weekly payment period that is presently practiced among the micro finance banks in
the State.
Description
A THESIS SUBMITTED TO SCHOOL OF POSTGRADUATE
STUDIES, AHMADU BELLO UNIVERSITY ZARIA IN PARTIAL
FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD
OF M.Sc IN ECONOMICS IN THE DEPARTMENT OF
ECONOMICS.
NOVEMBER 2012
Keywords
EVALUATION,, IMPACT,, MICRO FINANCE BANKS,, BENEFICIARIES,, KADUNA STATE.