The Effect of Microfinance Banks Services on Agricultural Production of Members of Cooperative Societies

The Effect of Microfinance Banks Services on Agricultural Production of Members of Cooperative Societies

Project / Seminar Material
Reference ID: PS-2836-TM

DEDICATION

This research material titled “The Effect of Microfinance Banks Services on Agricultural Production of Members of Cooperative Societies” is dedicated to God for his enabling grace, and to all computer enthusiasts who contributed to make life a pleasant experience during my research documentation.

ACKNOWLEDGEMENT

I extend my sincere gratitude to all those who contributed to the completion of this project. Special thanks to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Finance, Book Authors and Profound Scholars of existing or related project material on “The Effect of Microfinance Banks Services on Agricultural Production of Members of Cooperative Societies” for their invaluable guidance, support, and expertise throughout the journey.

I am also grateful to your study area (mention any funding organizations, if applicable) for their financial assistance. This research would not have been possible without the encouragement and assistance of some stakeholders (mention any mentors, teachers, or colleagues). Additionally, I would like to acknowledge the understanding and patience of my family and friends during this endeavor. Your unwavering support has been a constant source of motivation. Thank you all for being part of this meaningful endeavor.

ABSTRACT

Lack of access to credit has negatively affected poor farmers and rural dwellers for many years. Rural people need credit to allow investment in their farms and small businesses, to smooth consumption and to reduce their vulnerability to weather and economic shocks. Because they have little access to formal financing institutions, poor rural people follow sub optimal risk management and consumption strategies and rely on costly informal credit sources (FAO, 2010).

To this end, Eluhaiwe (2008) noted that microfinance banks were established in Nigeria in 2005 for the purpose of providing economically active poor and low income earners financial services, to help them engage in income generating activities or expand their businesses.

By definition, microfinance refers to the provision of financial services to the poor or low income clients including consumers and the self employed ledgerwood (2010). According to Robert(2009), microfinance refers to movements that envisions a world in which as many poor or near poor households as possible have permanent. Access to an appropriate range of high quality financial services including not just credit but also savings, insurance and fund transfers. In addition, Eluhaiwe (2008) stated that microfinance is about providing financial services to the poor who are traditionally not served by the conventional financial institution.

The Effect of Microfinance Banks Services on Agricultural Production of Members of Cooperative Societies

CHAPTER ONE

1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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