NDLI: Lingering Challenges of Microfinance Institutions ( MFIs ) and the Way Forward

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Lingering Challenges of Microfinance Institutions ( MFIs ) and the Way Forward

Content Provider	Semantic Scholar
Author	Abubakar, Lawan Shamsu Zainol, Fakhrul Anwar Abdullahi, Mohammed
Copyright Year	2015
Abstract	The microfinance institutions (MFIs) are the agencies that attract global concern due to their importance in ensuring financial inclusion as well as helping poor in addressing poverty. There are parts of specialised financial institutions. Therefore the aim of this paper is to implore the lingering challenges of MFIs and proposed way forward to address them. In order to attain the objectives, review of some related literature were embark upon. Among the findings of the study are the challenges that bedevilling MFIs. The challenges include low outreach, criteria used in granting micro credits, regulatory problems, inappropriate human resources, delay in loan re-payment, high transaction cost, infrastructure etc. Lastly the paper has suggested way forward to address the challenges. Key terms: Microfinance Institutions, Microfinance, challenges of Microfinance Biographical notes: Lawan Shamsu Abubakar has hold bachelor degree in Business Administration from Bayero University Kano, Nigeria. He is a master student of University Sultan Zainul Abidin (UniSZA) and Graduate Assistant in the Northwest University, Kano. His research interests are Entrepreneurial Leadership and Development of Small and Medium Scale Enterprises. Dr. Fakhrul Anwar Zainol has a Degree in Accountancy (B. Acc) and Master of Business Administration (MBA) from UniversitiTeknologi Mara (UiTM), Malaysia and completed his Doctorate in Business Administration (DBA) at the University of Newcastle, Australia. He also holds Postgraduate Diploma in Entrepreneurship (PDE) from Judge Business School, University of Cambridge, UKHis area of expertise includes entrepreneurship, business strategies, family business and strategic management. Previously he served as Director, Centre for International Journal of Academic Research in Economics and Management Sciences 2015, Vol. 4, No. 3
File Format	PDF HTM / HTML
Alternate Webpage(s)	http://hrmars.com/hrmars_papers/Lingering_Challenges_of_Microfinance_Institutions_(MFIs)_and_the_Way_Forward.pdf
Language	English
Access Restriction	Open
Content Type	Text
Resource Type	Article

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