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02348nam a22001457a 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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210802b ||||| |||| 00| 0 eng d |
| 100 ## - MAIN ENTRY--AUTHOR |
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| Author |
ONIFADE, Mojisola Victoria. |
| 245 ## - TITLE STATEMENT |
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| Title |
AVAILABILITY AND ACCESSIBILITY OF LOAN ON THE SURVIVAL OF SMALL AND MEDIUM ENTERPRISES IN IKEJA LOCAL GOVERNMENT AREA LAGOS STATE |
| 250 ## - SUPERVISOR |
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| Supervisor |
Dr. Olanipekun Ojo |
| 260 ## - IMPRINT |
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| Place of publication |
Ibafo |
| Department (College) |
DEPARTMENT OF BUSINESS ADMINISTRATION |
| Date of publication |
2019 |
| 300 ## - COLLATION |
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| Pagination |
vii,; 51p. |
| 520 ## - SUMMARY, ETC. |
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| Summary, etc |
ABSTRACT<br/>Small and Medium Enterprises (SMEs) are regarded by many as the backbone of every <br/>country’s economy. Most of the large corporations of today were developed from SMEs. <br/>Small and Medium Enterprises do not only serve as the backbone of a county’s economy but <br/>also support the larger corporations in a form of sub-contractors, suppliers of manufacturing <br/>materials or customers. SMEs in Nigeria have a lot of difficulties when accessing loan from <br/>financial institutions and financial institutions too have issues granting loan to SMEs. <br/>The major objective of this study is to find out the numerous factors that affect availability of <br/>loan and challenges faced by SMEs in accessing available loan from financial institutions. <br/>For the purpose of this study, descriptive survey design was adopted with the use of <br/>questionnaires as data collection tool. Data collected was analyzed through Person’s Moment <br/>Correlation Coefficient with the aid of statistical package for social sciences (SPSS) version <br/>22.0. Study showed that small and medium enterprises do face a lot of challenges when <br/>accessing funds from the formal financial institutions in Nigeria. It is also revealed that <br/>financial institutions consider the SME sector as a risky industry thereby offering them credit <br/>facilities at a high interest rate as compared to the larger corporations. Finally the study <br/>recommended SMEs should ensure that the enterprise is registered and that all registrations <br/>and licenses are renewed periodically. They should incorporate good financial management <br/>practices such as preparation and usage of financial information in their operations.<br/>SMEs should participate actively in trade fairs and industry events for both showcasing their <br/>products or services and for enhancing their financial awareness.<br/> |
| 650 ## - TRACINGS |
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| Main Subject |
Social Science |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
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| Item type |
Students Thesis |
