Microfinance Credit Programmes: Implications on Poverty Reduction in Southern Senatorial District of Cross River State, Nigeria
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 6
Abstract
The study examines the role of microfinance credit programmes on poverty alleviation in Southern Senatorial District of Cross River State, Nigeria. Specifically, the study sought to investigate the effect of microfinance credit programmes such as lending to women and entrepreneurship literacy on poverty alleviation in Southern Senatorial District of Cross River State, Nigeria. Relevant and related literature was reviewed while basic resource theory constituted the theoretical framework. The study adopted survey research design. Data were gathered from both primary and secondary sources. Stratified and purposive sampling techniques were adopted in selecting four hundred (400) respondents from the five local government areas in the study area. A 37-item questionnaire designed by researcher and approved by the supervisors was used for data collection. The reliability estimate of the instrument was established through the Cronbach method. The obtained data were statistically analysed using Linear regression. Each hypothesis was tested at 0.05 per cent level of significance. The result of the study clearly demonstrated that micro-finance credit programme (lending to women) significantly impact on poverty alleviation, micro-finance credit programme (entrepreneurship literacy) significantly impact on poverty alleviation in Southern Senatorial District of Cross River State, In this regard, the study concluded that poverty reduction efforts through microfinance micro-credit programmes have a long lasting impact in developing the financial system in a way that the poor and low income people will have access to sustainable financial services. It was recommended among others that a comprehensive awareness campaign on the relevance of micro finance in fighting widespread poverty should be launched in the senatorial district.
Authors and Affiliations
Iji Mary Eru. , Ojong Felix. , Angioha Pius Unim.
Keywords
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