International records / OpenAlex research

Microfinance Institutions and Youth Financial Literacy in Nigerian Informal Markets: A Mixed-Methods Study

Microfinance institutions (MFIs) are increasingly recognised as pivotal actors in promoting financial literacy among youth in informal markets across Africa. The study employs a combination of quantitative surveys and qualitative interviews to gather data from participants aged between 18-30 years. Quantitative data were collected using a structured questionnaire, while qualitative insights were derived through in-depth interviews with MFI staff and selected community members. A notable finding is that approximately 56% of respondents reported improved financial knowledge after engaging with M…