THE EFFECT OF MICROFINANCE INSTITUTIONS ON WOMEN’S EMPOWERMENT: A STUDY OF BUBAYARO MICROFINANCE BANK GOMBE BRANCH, GOMBE STATE
Abstract
ABSTRACT
This study examines the effect of microfinance institutions on women’s empowerment, focusing on Bubayaro Microfinance in Gombe, Gombe State. The research utilizes a survey approach, employing structured questionnaires to collect data from a sample of 210 respondents selected through a simple random sampling technique from a total population of 1700. The study specifically investigates the effect of microfinance institutions on women's empowerment in Gombe metropolis. Data analysis was conducted using chi-square statistical methods. Findings reveal a significant effect of saving opportunities, credit and loans and business training and development programs on women's empowerment. The study recommends increase access to credit and loans for women, particularly those in rural areas, by reducing collateral requirements and providing low-interest loans. It also suggests promoting women's participation in savings schemes, enhancing entrepreneurship training programs for women, covering topics such as business management, financial literacy, and marketing strategies. Additionally, awareness campaigns should be conducted to educate women on the benefits of microfinance services and how they can utilize these services to achieve financial independence.
Full-Text Access Notice
In accordance with the NERD Policy on promoting peer-reviewed publication, public access to the full text of a project, thesis or dissertation is restricted for three years, allowing the author and supervisors sufficient time to pursue peer-reviewed publication.
During this period, researchers with legitimate academic or research purposes may request authorisation directly from the author to enable NERD to release the indexed full texts of the work using the form below.