Definition of ’Microfinance’ A type of banking service that is provided to unemployed or low-income individuals or groups who would otherwise have no other means of gaining financial services. Ultimately‚ the goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money‚ borrowing money and insurance. Investopedia explains ’Microfinance’ Microfinancing is not a new concept. Small microcredit operations have existed since the mid
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The Number of Islamic Microfinance Institutions in Malaysia Should Be Increased. Table of Content Page 1.0 Abstract 2 2. Introduction 3 3. Argument 1 : Offer Syariah Compliant Finance 5 4. Argument 2: Increase the Performance of Islamic Banking and Finance 7 5. C. Argument: Risky and Costly to Implement Islamic Microfinance 9 6. Argument 3: Provide Financial Assistant for Low and Middle Income Groups. 11 7.0 Conclusion
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economic order against LDCs that is making it impossible for them to prosper (Edokpayi‚ 2004). To explore this issue I wish to analyze the effect of globalization on one of the richest countries in resources in Africa – Nigeria. I want to explore in particular the negative and positive effects that oil prospecting has had in the Niger Delta region of Nigeria‚ economically‚ socially and environmentally. I also wish to analyze the extent to which the Nigerian government is responsible for the region’s
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a full course of primary schooling if there is any help that government must do they should do for example to pay school fees to those who do not have money to pay school fees especially those who are staying in rural areas. 2 Eradicate extreme poverty and hunger Targets: By 2010-2020 the proportion of people whose income is less than USD1 a day must change and also people who suffer from hunger to be helped by government. 3 Health Targets: TO Improve health and also to provide medical facilities
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POVERTY‚ UNEMPLOYMENT AND GROWTH IN NIGERIA: THE ROLE OF ENTREPRENEURSHIP Raheem Olasupo Akewushola Department of Business Administration and Management Technology Lagos State University‚ Lagos‚ Nigeria. Olawale Ibrahim Olateju Department of Business Administration and Management Technology Lagos State University‚ Lagos‚ Nigeria. Oludare Tolulope Adeyemi Dimension Consult Limited‚ Lagos‚ Nigeria ABSTRACT This paper identified crucial factors influencing the growth and development
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THE EFFECT OF CORPORATE GOVERNANCE MECHANISM ON THE QUALITY OF EARNINGS AMONG NIGERIAN DEPOSIT MONEY BANKS BY OZIWELE JAMES ISAAC Being Seminar Paper presented to the Department of Accounting‚ Ahmadu Bello University‚ Zaria in partial fulfillment of the requirements for the award of Ph.D in Accounting and Finance Abstract This paper examines whether corporate governance mechanism variable – Board Size‚ Board Composition‚ Ownership Concentration‚ Institutional Shareholders‚ Dividend
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Impact of Cashless Economy in Nigeria By Omotunde M. Sunday T. John-Dewole A.T. Greener Journal of Internet‚ Information and Communication Systems Vol. 1 (2)‚ pp. 040-043‚ April 2013. Research Article Impact of Cashless Economy in Nigeria *Omotunde Muyiwa1‚ Sunday Tunmibi‚1 and John-Dewole A.T.2 1 School of Computer Science‚ Mathematics and Information Technology‚ Houdegbe North American University‚ Republic of Benin. 2 Department of Computer Science with Electronics
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THE CAUSES AND EFFECTS OF POVERTY ON THE ACADEMIC PERFORMANCE OF PUPILS IN PRIMARY SCHOOLS BY EUCHARIA .N. UKAOBASI REGISTRATION NUMBER: 25193 BEING A SEMINAR PRESENTED TO THE DEPARTMENT OF HOME ECONOMICS‚ FEDERAL COLLEGE OF EDUCATION‚ PANKSHIN. AUGUST 2012 ABSTRACT The level of poverty‚ causes and effects on the Educational sector as well as academic performance of students within the Nigeria is worrisome. Poverty‚ which forms a specific culture and way of life‚ is a growing
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from institutional failures as in the past. In Nigeria‚ the lesson of the earlier bank failures appeared to have been forgotten as generalized distress swept the banking sub-sector and systemic distress gripped the finance house sub-sector. This study assesses the distress phenomenon and empirically analyses the extent of distress in the banking industry as well as the major causes. The study involves over 506 respondents made up of 236 from the banks‚ 160 corporate customers‚ 105 individual customers
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1.1 Background to the Study. Microfinance in the form of different informal institutions in Tanzania was provided through different means such as âUpatuâ and lending between friends either at work or between family members. The formal microfinance services in Tanzania started in the early nineties and we can say it is still at its infant stage. Because of this infancy‚ the competition in microfinance industry is still low and the clients were expected to be loyal to their institutions. These
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