Micro Financing as a Tool for Poverty Alleviation

(A Case Study of Brass Microfinance Bank Limited Bida)

¹BABALOLA, ADESOLA O., ²ZUBAIRU, IBRAHIM T. AND ³MUHAMMAD, HAMISU S.

^{1, 2 &3}Department of Business Administration and Management

The Federal Polytechnic, Bida, Niger State, Nigeria.

E-mail: michaelolalekanadeoti@gmail.com, dessybjay@yahoo.com   

ABSTRACT

This research work is concerned with the study of micro financing as a tool for poverty alleviation which aimed at assessing the level of micro finance banks’ operation in the state through poverty alleviation programs. The method employed in this study is descriptive survey method which involves collecting data from the staff of Brass Micro Finance Bank through questionnaire. Based on the research conducted, the findings revealed that micro finance institutions are regarded as the main source of funding micro enterprises in the rural areas of Niger State and that it serves as a means of reducing unemployment rate among graduates in Bida metropolis. This study therefore recommended that Government should institute more poverty alleviation programs in the state and federal government policies (through the CBN) towards the growth and development of micro finance banks should be implemented with all seriousness.