The Contribution Of Micro-finance Banks To The Economic Well Being Of Rural Dweller

The purpose of this study is to identify the contribution of microfinance bank to the economic wellbeing of rural dweller using Alheri Microfinance Bank Limited as a case study. The establishment of the Micro-finance bank with their peculiar characteristics that enables their customers to make the savings and to obtain loan with little or no collateral is a booster to the scarcity of funds for investment among the poor, especially in the rural area. In strict sense, the micro-finance banks are not banks at all, since their operations are abbreviations to what is obtained in convectional banks,…