THE DYNAMICS AND CHANGING ROLE OF MICRO-CREDIT INSTITUTIONS IN THE DEVELOPMENT OF SMALL AND MEDIUM SCALE ENTERPRISES IN NIGERIA

AUTHOR: IFEANYI O. NWANNA

FROM AFRICAN BANKING AND FINANCE REVIEW VOL. 1 NO.2 APRIL 2011

PUBLISHED BY THE DEPARTMENT OF BANKING AND FINANCE, NNAMDI AZIKIWE UNIVERSITY, AWKA.

The paper offers several suggestions on how to address the challenges of micro-enterprise development in Nigeria. It argues that micro-enterprise for the poor is more difficult in the developing world in view of the dual mission of micro-credit institutions. Micro-finance is a good choice for micro-enterprise development. Micro finance offer not only credit but all inclusive financial services as micro-loan, micro-savings, micro-insurance and micro-leasing that SMEs require for quick deployment if they are to develop and grow. The paper further explores the achievements and constraints of the Small and Medium Scale Enterprises (SME) sector in Nigeria and the role which government, through its support institutions have played in promoting the sector, The establishment of Smedan and Microfinance Bank Institutions will assist policy makers, development agencies and business organisations to ascertain the appropriate strategy to improve the SME sector. Improving the developmemt impact of SME strategies will require much more attention being devoted to the monitoring and evaluation of intervention outcomes.

TO VIEW THE FULL CONTENT OF THIS DOCUMENT, PLEASE VISIT THE DIGITAL LIBRARY WEBSITE USING THIS LINK,http://naulibrary.org/dglibrary/admin/book_directory/Banking_and_finance/11261.pdf

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