{"id":15058,"date":"2022-11-10T07:49:50","date_gmt":"2022-11-10T07:49:50","guid":{"rendered":"https:\/\/file.currentschoolnews.com\/?post_type=product&p=15058"},"modified":"2022-11-10T15:25:57","modified_gmt":"2022-11-10T15:25:57","slug":"the-role-of-microfinance-in-poverty-alleviation-in-nigeria","status":"publish","type":"product","link":"https:\/\/pastexamquestions.com\/product\/the-role-of-microfinance-in-poverty-alleviation-in-nigeria\/","title":{"rendered":"The Role of Microfinance in Poverty Alleviation in Nigeria"},"content":{"rendered":"

– The Role of Microfinance in Poverty Alleviation in Nigeria –<\/strong><\/span><\/p>\n

Download The Role of Microfinance in Poverty Alleviation in Nigeria<\/strong><\/span>. Students who are writing their projects can get this material to aid their research work.<\/span><\/span><\/p>\n

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Introduction<\/strong><\/h3>\n

1.1 Background of the Study<\/strong><\/p>\n

This chapter contains the background to the study followed by the statement of the problem, the objectives of the study, the significance of the study, the scope and limitations of the study and lastly, the scheme of chapters.<\/p>\n

Microfinance which is also referred to as Microcredit is the extension of loans to entrepreneurs whom are too poor to be qualified for the traditional bank loan especially in developing countries. It enables very people to engage in self- employment project that generate income.<\/p>\n

The concept of microfinance was developed by Muhammad Yunus, a U.S educated professor of Economics, who first got in the business of fighting poverty during the 1973 famine in his homeland of Bangladesh, one of the poorest countries in the world.<\/p>\n

Yunus discovered that small loans could make a significant difference in a poor person\u2019s survival. His first loan consisted of 27 dollars from his own pocket, which he lent to a woman who made bamboo furniture, which she sold to support herself and her family.<\/p>\n

In 1976, Yunus founded the first microfinance bank called the Grameen Bank, which provides loan to the Bangladesh people.<\/p>\n

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