International records / OpenAlex research

Impact of Microfinance Bank Lending on the Small Business Growth in Nigeria

This study examines the impact of microfinance loans, microfinance deposits, and inflation on the growth of small and medium-sized enterprises (SMEs) in Nigeria. Using secondary data from 2006 to 2023, the study employs an econometric approach, specifically the Ordinary Least Squares (OLS) method, to analyze the relationship between microfinance loans, deposits, inflation, and SME growth. The findings reveal a significant negative relationship between microfinance loans and SME growth, suggesting that increasing loan amounts may hinder business expansion. Similarly, microfinance deposits were …