Contribution of Micro Finance Bank to Women Entrepreneurial Enhancement in North Western Nigeria

Abstract

This study aimed to investigate the contribution of microfinance banks to women's entrepreneurial enhancement in North Western Nigeria. Data were collected from 259 women entrepreneurs through a structured questionnaire, and the results were analyzed using descriptive statistics. The study findings reveal that microfinance banks have positively impacted women entrepreneurs in the North-western Nigeria, women entrepreneurs in the region demonstrate awareness of microfinance banks with its products and services, accessing credit facilities and other bank services were generally perceived as easy, with transparent loan application processes facilities and the banks have played a significant role in reducing poverty among women in the region.  The study recommends that microfinance banks should focus on increasing awareness among women entrepreneurs about their existence and services, work on improving accessibility to credit facilities in the North western Nigeria and the government and other stakeholders should increase investment in women's entrepreneurship education and provide additional funding for microfinance banks.