International records / OpenAlex research

The Nigerian Unorganized Rural Financial Institutions and Operations: A Framework for Improved Rural Credit Schemes in a Fragile Environment

The Nigerian’s financial system is dualized: The formal and the informal (unorganized) financial markets. In this regards, the paper investigates the various institutions, modus operandi and the extent of financial intermination in different social settings. Empirical results shows that traditional savings and credit associations (TRASCAs) are prevalent in semi-urban and rural areas among semi-skilled and unskilled workers and traders, while daily Saving Enterprises (DSEs) and Professional Money Lending Scheme (PMLs) strive in semi-urban and urban centers among artisans, traders and skilled wo…