Credit delivery and sustainability of micro‐credit schemes in Nigeria

Tomola M. Obamuyi

Journal of Enterprising Communities: People and Places in the Global Economy, 2009, vol. 3, issue 1, 71-83

Abstract: Purpose - The purpose of this paper is to examine the effects of access to credit through micro‐credit institutions on entrepreneurial performance and assesses the loan performance of public credit schemes in Nigeria in order to determine the sustainability of such schemes. Design/methodology/approach - The study employed qualitative approach and exploratory perspective, using primary and secondary data obtained at beneficiary and institutional levels. Findings - The loan repayment rates were generally low for many of the schemes, and this confirms the problems of public sector lending, with implications for the sustainability of the schemes. Many reasons were given for the low repayment rates, among which were poor credit culture of the schemes managed by public sector and the attitudinal nature of Nigerians towards public funds. Practical implications - There is a need for policy makers, researchers and entrepreneurs to improve on the designing of micro‐credit schemes in order to be sustainable. Originality/value - This paper makes a first step towards comparing the performance of public and private micro‐credit schemes in Nigeria.

Keywords: Credit; Entrepreneurship; Loans; Nigeria (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (text/html)
https://www.emerald.com/insight/content/doi/10.110 ... d&utm_campaign=repec (application/pdf)
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eme:jecpps:v:3:y:2009:i:1:p:71-83

DOI: 10.1108/17506200910943689

Access Statistics for this article

Journal of Enterprising Communities: People and Places in the Global Economy is currently edited by Prof Leo Dana and Andrea Caputo

More articles in Journal of Enterprising Communities: People and Places in the Global Economy from Emerald Group Publishing Limited
Bibliographic data for series maintained by Emerald Support ().