Microcredit and household poverty status in rural Nigeria: experience from selected agencies in Ekiti State

Author: Oluwatayo, I.B.

Source: International Journal of Business and Emerging Markets, Volume 2, Number 1, 1 December 2009 , pp. 77-90(14)

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Abstract:

There is no gainsaying the fact that microcredit has become a veritable tool amongst all the poverty alleviating schemes employed by various governments at both national and international levels. This is attributable to its accessibility and the non-inclusion of stringent measures required of credit acquisition from the formal financial institutions. Again, the less daunting formalities that usually keep the very poor away from harnessing credit facilities make it a good avenue for augmenting available cash to meet all necessary obligations by most households in rural areas. This study therefore tries to unravel how accessibility to microcredit has helped to cushion the effect of poverty in Ekiti State, Nigeria.

Keywords: MANAGEMENT JOURNALS; Business Administration; ECONOMICS AND FINANCE JOURNALS; Economics

Document Type: Research article

DOI: http://dx.doi.org/10.1504/IJBEM.2010.029745

Affiliations: 1: Department of Agricultural Economics and Extension Services, University of Ado-Ekiti, P.M.B. 5363, Ado-Ekiti, Ekiti State, Nigeria

Publication date: 2009-12-01

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The main objective of the inter-disciplinary peer-reviewed International Journal of Business and Emerging Markets is to encourage application of research methods to solve specific business-related problems in EM. The journal aims to promote articles that are based on the unification of the theoretical-quantitative or the empirical-qualitative approach, and that propose future research directions for scholars and recommend actionable business strategies for managers