American International Journal of Social Science

ISSN 2325-4149(Print), ISSN 2325-4165(Online) DIO: 10.30845/aijss

Financing Entrepreneurship Business with Micro Finance Bank Loan in Nigeria
Money Udih (Ph.D.)

Entrepreneurship business plays a vital role in the economic and social development in Nigeria with respect to employment creation, utilizing local resources, reducing rural-urban migration and a better spread of business and industrial enterprise. Microfinance banks give loans to entrepreneurship business for their working capital expansion, as such transforming the economic and industrial development of developing countries like Nigeria to developed ones. In this study, questionnaires are administered on entrepreneurial business owners, questionnaires were supported by interview method. Use is made of chi-square statistics to analysed the responses from the questionnaires. The study is not without findings and conclusion; recommendations were given to aid the would be and already existing entrepreneurs.

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