THE ROLE OF MICROFINANCE INSTITUTIONS IN THE MOBILIZATION OF FUND FOR MICRO CREDIT SCHEME IN NIGERIA

In the course of carrying out this research, data were collected from both
primary and secondary sources to test the hypotheses. The Random sampling
technique was used to determine the sample size. In analyzing and presenting
data collected, tables and percentages were used. The Chi-square method was
used to test the hypotheses stated, and after a careful test on the data, it was
revealed that microfinance institutions play significant roles in the mobilization
for fund for micro credit scheme in Nigeria, that implementation of
microfinance policy in Nigeria is low and also that the attitude of commercial
banks as regards micro credit scheme in Nigeria is unfavorable. It is therefore,
recommended that government should enforce and monitor the implementation
of microfinance policies and also provide incentives for commercial banks that
involve in micro credit scheme so as to create a favorable or enabling
environment for the parties involved.