This desire to stimulate economic and job growth via the application of entrepreneurship and innovation has been a common theme in government policy since at least the s.
Uturu, Nigeria Introduction This study is an attempt to investigate the ways in which microfinance programmes, both governmental and non-governmental, have driven financial sustainability and integrated community development among women in Nigeria.
Women are generally considered to be at the lowest rung of the poverty ladder in Nigeria, the study extrapolated the effects of microfinance on the mitigation of poverty.
Finally, the study examined the policy implications of microcredit financing of women economic activities within the broad framework of gender stereotypical milieu of these enterprises. This approach is important because of the low economic status of women in Nigerian society.
As I proceed to argue here that there is a general likelihood that the microfinance approach is targeted at women, I also explain the underlying rationale for this approach from the Nigerian perspective.
To realize this and test our propositions, I selected three microfinance, one non- organization and two government Community participation and entreprenuership in nigeria microfinance organizations: The latter two are both federally operated institutions of the government of Nigeria aimed at providing credit to those who ordinarily would not get them and by so doing raise their economic status and help to eliminate poverty.
The propositions that are made in this study are 1 there a direct relationship between microcredit availability and economic development; 2 there is a direct relationship between microcrdit and women empowerment in Nigeria; 3 the availability of microcredit facilitates income generating activities among people and contributes to their increased standard of living; 4 that there is an association between microfinancial institutions and the development of financial sustainability among Nigerian women; and 5 that microfinancial institutions are directly associated with women leadership development in Nigeria.
Emerging Theory of Microfinance Recent developments in African and other developing countries reinforce the contention that microfinance or microcredit structures are essential for development of rural areas in consideration of the fact that areas of development in the these countries have been traditionally urban-centered.
As has been argued by the United Nations Capital Development Fund UNCDF"the development of microfinance institutions over the last two decades and a number of success stories have lent credence to the idea that microfinance is a major stimulus for development in the countries of the South, and that is a powerful instrument for combating poverty.
These assumptions fit in with factor distribution and availability whereby the missing factor of production from among land, labour, and capitalis supposed to be provided in order to give impetus to development.
The first assumption is that "poor populations possess the capacity to implement income generating activities [but] that the main limitation to their initiative is the lack of access to capital.
Another factor is that often, mutual associations and thrift societies that have dealt with financial institutions have been huge failures.
In spite of this negative evaluation, the idea persists that poor people given access to capital and guided properly are in a position to implement and manage income generating business enterprises.
In other words, poor people too, have the capacity to run economic activities just like the rest of society given a congenial environment. The second assumption is that once the financial systems are established, the poor people "were able to use it the financial tools for productive purposes and progressively incorporate themselves into the financial milieu, repaying the loans, and accumulating savings.
This is because microfinance provides the means to generate income that eventually leads to a sustainable development. Invariably, microfinance programmes constitute and provide the drive to develop a "broad access" to the financial resources crucial to the poor among whom women comprise the majorityin order to provide the basic requirements for sustainable development.
Microfinance programmes and institutions have gained widespread acceptance across Africa. Research demonstrates that large scale directed government credit programmes have proved far too costly to manage, as they have always been dogged by poor coordination, inadequate funding, administrative overlap, corruption, general inefficiency and ineptitude.
With the help of external funding from bilateral and multilateral organizations most countries in Africa, including Nigeria have adopted microenterpreneurship as an alternative approach to development, in order to avoid these negative tendencies.
The intent is to by-pass corrupt public officials, make credit directly available to the very poor and thereby promote their self-sufficiency. Microfinance institutions have rapidly evolved in the last decade and have been able to "create significant income and employment opportunities for the poor in developing countries.
This is in spite of the "over-investment" in this sector by government as was identified by international financial institutions the World Bank and the International Monetary Fund and the consequent restructuring of the economy that Nigeria embarked on in the mids. Other scholars and policy analysts have identified the inhibiting factors that make rural microfinance enterprises unsuccessful.
Yaron identified "high risks" "heavy transaction costs," and "mounting loan losses" as some of the many factors that drained state resources, yet the programmes have reached only a fraction of the target population consequently have failed to provide financial self sustainability.
The last decade has also witnessed the evolution of microfinance institutions that created significant and income opportunities for the poor in developing countries. These microfinance programmes have been noted to make great strides towards financial self sufficiency.
The Grameen Bank is the foremost example of a rural-based microfinance institution. After it transformed from a community-based lending institution to a for-profit commercial bank, the BancSol made loans to over 10, customers at repayment rates of over business administration project topics the practice of entreprenuership in nigeria: (a case study of selected entreprenurs in) (a case study of nnebuife community bank nigeria limited) the role of small and medium enterprises in revamping the nigerian economy (a case study of star line nigeria .
The conglomeration of both social and academic activities in the final year usually leave insufficient time for finalists in tertiary institutions to digg into crop of books in the library and online for materials needed to write credible project.
Overall status of women in Africa African women have always been active in agriculture, trade, and other economic pursuits, but a majority of them are in the informal labour force. In , women's shares in African labour forces ranged from 17 per cent, in Mali, to 49 per cent in Mozambique and Tanzania (World Bank, ).
ENTREPRENUERSHIP Entrepreneurship can be described as a process of action an entrepreneur undertakes to establish his enterprise. It is the ability to create and build something from practically nothing. It is an attitude of mind to seek opportunities, take calculated risks and .
Youth Entrepreneurs ® is an engaging elective course and alumni program that prepares students from fragile communities for success in the workplace and in life.
|Spotlight on Sustainable Development 2018 is available in:||Project Topics with Materials for Nigerian Undergraduates and Postgraduates The conglomeration of both social and academic activities in the final year usually leave insufficient time for finalists in tertiary institutions to digg into crop of books in the library and online for materials needed to write credible project.|
|Introduction||What Social Enterprise Is and Is Not What Social Enterprise Is Social enterprise is, fundamentally, about using a market-driven business model to address critical social and environmental issues. Many people believe that a fundamental element of social enterprise - indeed, the "social" in social enterprise - is collective ownership.|
See the impact our program is having in the communities we serve in our Annual Report or find out more about YE. community suffers more directly than the consumer, who can return to his or her own community without responsibility for or awareness of the impacts of his tourist activities.