International records / OpenAlex research

Impacts of microfinance banks on women empowerment and poverty reduction in Ekiti State, Nigeria

This study investigated the impacts of microfinance banks on women empowerment and poverty reduction in Ekiti State, Nigeria. A sample of sixty (60) women were selected from the three senatorial districts through simple random sampling techniques. A structured questionnaire was used to obtain information from the women on the impacts of microfinance banks on their businesses. The findings from the study showed that microfinance banks have positive effects on women empowerment as it reduces the poverty level by accessing short loans to run their businesses. In addition to financial gains, micro…