The Impact of Commercial Bank Funding on Small and Medium Scale Enterprises in Nigeria
Journal Title: International Journal of Financial Markets - Year 2014, Vol 1, Issue 2
Abstract
Small and Medium Scale Enterprises are classified as germane to economic growth of their respective countries. However, several issues are known to confront them which mitigate against the actualization of their developmental role. This study examines one of such to affirm whether it is applicable to SME’s in Nigeria. The study uses primary data from where inferences were made based on the outcome of the posted questionnaire. The result suggests that commercial bank funding for SME’s is important for their activities, but currently not improving their profitability. The study supports literature in this aspect of research and recommends the need for government to impress it on banks to consider SME’s for loan request and possibly invest in them as it is done in some countries that have made reasonable landmarks with SME development.
Authors and Affiliations
Roseline Oluitan
Keywords
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- EP ID EP28702
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