Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria

Participation is a vital component in community development projects such as microfinance scheme. The aim of microfinance is the provision of micro-financial services to economically-active-poor and low income households to enable them engage in income generating activities. This initiative could on...

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Main Authors: Saidu, Mohammed Bashir, Abu Samah, Asnarulkhadi, Redzuan, Ma'rof, Ahmad, Nobaya
Format: Article
Language:English
Published: IDOSI Publications 2014
Online Access:http://psasir.upm.edu.my/id/eprint/34827/
http://psasir.upm.edu.my/id/eprint/34827/1/Participation%20as%20a%20medium%20for%20economic%20empowerment%20among%20microfinance%20scheme%20beneficiaries%20in%20Kano.pdf
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author Saidu, Mohammed Bashir
Abu Samah, Asnarulkhadi
Redzuan, Ma'rof
Ahmad, Nobaya
author_facet Saidu, Mohammed Bashir
Abu Samah, Asnarulkhadi
Redzuan, Ma'rof
Ahmad, Nobaya
author_sort Saidu, Mohammed Bashir
building UPM Institutional Repository
collection Online Access
description Participation is a vital component in community development projects such as microfinance scheme. The aim of microfinance is the provision of micro-financial services to economically-active-poor and low income households to enable them engage in income generating activities. This initiative could only be achieved through people participation in the scheme. This study examined the change in income among farmers beneficiaries of microfinance scheme in Kano. Data was collected from 364 respondents using structured questionnaire from six local government areas of Kano state. Paired sample t-test shows significant difference between income before(M=122,058.242,SD=116,312.049) and income after ( M= N175,137.088,SD= N72,611.637) participating in microfinance scheme (t= -14.803, p< .05, effect size = .613). Based on this(363)analysis the authors concluded that beneficiaries of microfinance scheme in Kano were economically empowered. The authors recommended that participating in microfinance scheme is an appropriate strategy to achieve economic empowerment.
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spelling upm-348272016-01-27T02:40:18Z http://psasir.upm.edu.my/id/eprint/34827/ Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria Saidu, Mohammed Bashir Abu Samah, Asnarulkhadi Redzuan, Ma'rof Ahmad, Nobaya Participation is a vital component in community development projects such as microfinance scheme. The aim of microfinance is the provision of micro-financial services to economically-active-poor and low income households to enable them engage in income generating activities. This initiative could only be achieved through people participation in the scheme. This study examined the change in income among farmers beneficiaries of microfinance scheme in Kano. Data was collected from 364 respondents using structured questionnaire from six local government areas of Kano state. Paired sample t-test shows significant difference between income before(M=122,058.242,SD=116,312.049) and income after ( M= N175,137.088,SD= N72,611.637) participating in microfinance scheme (t= -14.803, p< .05, effect size = .613). Based on this(363)analysis the authors concluded that beneficiaries of microfinance scheme in Kano were economically empowered. The authors recommended that participating in microfinance scheme is an appropriate strategy to achieve economic empowerment. IDOSI Publications 2014 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/34827/1/Participation%20as%20a%20medium%20for%20economic%20empowerment%20among%20microfinance%20scheme%20beneficiaries%20in%20Kano.pdf Saidu, Mohammed Bashir and Abu Samah, Asnarulkhadi and Redzuan, Ma'rof and Ahmad, Nobaya (2014) Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria. World Applied Sciences Journal, 31 (4). pp. 667-671. ISSN 1818-4952; ESSN: 1991-6426 http://www.idosi.org/wasj/wasj31%284%292014.htm
spellingShingle Saidu, Mohammed Bashir
Abu Samah, Asnarulkhadi
Redzuan, Ma'rof
Ahmad, Nobaya
Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria
title Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria
title_full Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria
title_fullStr Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria
title_full_unstemmed Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria
title_short Participation as a medium for economic empowerment among microfinance scheme beneficiaries in Kano, Nigeria
title_sort participation as a medium for economic empowerment among microfinance scheme beneficiaries in kano, nigeria
url http://psasir.upm.edu.my/id/eprint/34827/
http://psasir.upm.edu.my/id/eprint/34827/
http://psasir.upm.edu.my/id/eprint/34827/1/Participation%20as%20a%20medium%20for%20economic%20empowerment%20among%20microfinance%20scheme%20beneficiaries%20in%20Kano.pdf