IMPACT OF MICROFINANCE BANK ON ENTREPRENEURSHIP DEVELOPMENT IN YOBE STATE.

The purpose of this research work is to examine impact of microfinance bank on entrepreneurship development in Yobe State. This research was based on three objectives including: to determine the role microfinance bank play in entrepreneurship development, to examine the extent to which microfinance bank impact on the growth of entrepreneurship in Nigeria. To determine the problems militating against the effective funding of entrepreneurship development. The study adopted primary survey questionnaire. The study population consist of 50 entrepreneurs in the entire Yobe State. The total number of 35 responded filled semi-structured questionnaire and returned. Thirdly, the study revealed that microfinance bank has significantly impacted on the development of entrepreneurship in Nigeria; there are problems militating against the effective financing of entrepreneurs by microfinance banks in the attainment of their objective. The study recommended that microfinance bank should be strengthened to embrace entrepreneurship devoid the imitation and vocational inclinations., adequate financial, physical and human resources should be provided by various stakeholders not only for potential but also for existing SMES., microfinance banks should increase their provision of other services such as financial advice, commodity marketing, micro-insurance, leasing etc. To entrepreneurs, the central bank of Nigeria (CBN) should bring up regulations that would allow it to be fully involves in the coordination of the several other microfinance practitioners both in grassroots and up towns rather than leave them totally under the supervision of some state authorities or some private sector.