The Promotion of Entrepreneurship Business in Nigeria: Microfinance Contribution
Keywords:
Microfinance, Promoting, Sources of funds, Economic Development, RecessionAbstract
Entrepreneurship is the key to economy development of any nation. It is leads to the growth and development of any economy. As the bedrock to economy growth and development, is not without problems. Entrepreneurship is faced with so many problems; hence this study seek to face the problems encountered by entrepreneurship business as well as the contribution of microfinance banks in financing it; during this recession in Nigeria. There is the need to ensure the survival of entrepreneurship business in this recession period. We adopted a survey approach with the aid of sample design, area of study, population of study, sample size and secondary sources. Questionnaires are administered on business owners and on the contributions of microfinance banks, and this was supported by interview method. Information were gathered from the banks with respect to their support in promoting entrepreneurship business.
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