Micro-Finance and Entrepreneurship Development

This book is aimed at examining the impact of microfinance on entrepreneurial development of micro, small and medium scale enterprises. The study centered on two broad variables: the dependent variable which is entrepreneurial development and the independent variable which is microfinance institutions. Five different hypotheses were formulated and tested using the chi-square(X2) test, respectively. Findings revealed that: there is a significant relationship between the contributions of microfinance activities and sustainable development, there is a correlation between microfinance activities and capital accessibility, there is a significant relationship between microfinance activities and entrepreneurs' awareness; and that there is a positive correlation between microfinance and persistent collapse of MSMEs. It was recommended majorly that: managerial financing functions of any organization should improve on their activities by sourcing for more alternative funding than loans from banks so that SME's can benefit more; and that business owners should consider alternative funding first, before thinking of external support from banks.