2024
DOI: 10.29138/ijebd.v7i1.2370
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The Influence of Microfinance Institutions on Nigerian Small, Micro, and Medium Enterprises

Victor Ekpo,
Patrick Ebong Ebewo

Abstract: Purpose: Poverty is a significant concern in most countries, including Nigeria, which has been dubbed the world's poverty capital. Most developing countries regard small, micro, and medium-sized companies (SMMEs) as a sure strategy to reduce poverty by lowering a country's unemployment rate. Microfinance institutions (MFIs), especially banks, were commissioned by the Central Bank of Nigeria (CBN) to cater to self-employed people and businesses. There is compelling evidence that MFIs are not doing enough and ar… Show more

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