Cooperative Financing of Micro Scale Enterprises in Nigeria

Michael Ogunmuyiwa () and Nurudeen Afolabi Sofoluwe ()
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Nurudeen Afolabi Sofoluwe: Department of Cooperative and Rural Development, Olabisi Onabanjo University, Ago-Iwoye, Ogun State

Business & Management Compass, 2019, issue 2, 117-132

Abstract: This paper investigates how cooperative financing of micro scale firms relates to the development of desirable outcomes of micro scale enterpris-es. A multi-stage sampling approach was used to select 225 micro entre-preneurs. Primary data were collected from cooperative based micro firms using a structured questionnaire. Descriptive statistics and correla-tion analysis were used. Data collected covered information on micro firms and entrepreneurs’ characteristics, volume of finance and employ-ment band. The results of data analysis show no significant relationship between cooperative credit provided to micro scale firms and their em-ployment band. Increasing effort in the area of business cooperative management for effective delivery of funds is suggested.

Keywords: cooperatives; financing; micro scale enterprises; business; employment (search for similar items in EconPapers)
JEL-codes: E24 J54 M10 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:vrn:journl:y:2019:i:2:p:117-132

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