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Cooperative Financing of Micro Scale Enterprises in Nigeria

Author

Listed:
  • Michael Segun Ogunmuyiwa

    (Department of Business Administration, Olabisi Onabanjo University, Ago-Iwoye, Ogun State, Nigeria)

  • Nurudeen Afolabi Sofoluwe

    (Department of Cooperative and Rural Development, Olabisi Onabanjo University, Ago-Iwoye, Ogun State)

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.

Suggested Citation

  • Michael Segun Ogunmuyiwa & Nurudeen Afolabi Sofoluwe, 2019. "Cooperative Financing of Micro Scale Enterprises in Nigeria," Business & Management Compass, University of Economics Varna, issue 2, pages 117-132.
    • Handle: RePEc:vrn:journl:y:2019:i:2:p:117-132
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    Cited by:

    1. Nurudeen Afolabi Sofoluwe, 2020. "Relevance of Entrepreneurial Orientation Strategy to Cooperative Business Organizations in Nigeria," Business & Management Compass, University of Economics Varna, issue 4, pages 415-429.

    More about this item

    Keywords

    cooperatives; financing; micro scale enterprises; business; employment;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General
    • J54 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - Producer Cooperatives; Labor Managed Firms
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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