Impact Of Micro-finance Banks On Smes In Nigeria

IMPACT OF MICRO-FINANCE BANKS ON SMEs IN NIGERIA ABSTRACTThe critical causes on why financing small and medium scale industries by microfinance banks in Nigeria have not been very effective were evaluated. Not only are the SMEs starved with financial back-up, they are also faced with other external problems such as high interest rates, inconsistency in government industrial policies, lack of infrastructural facilities and internally; poor management practices, high rate of business failure, poor accounting standards, shortage of skilled manpower and financial indiscipline. In view of these num…