Abstract: Poverty has remained a global phenomenon and has been one of the major problems of women and its reduction is imperative for societal progress. Microfinance services are extremely important for the development of women entrepreneurs, and a key development strategy for poverty reduction among women. This study examined the effect of microfinance services on poverty reduction among women in Katsina metropolis. The study uses a cross sectional survey with a sample of 336 women of women development center/future assurance, Bima foundation, and Katsina youth craft village in Katsina metropolis, Katsina state, Nigeria. The data collected was analyzed using SPSS version 21; the study used multiple regressions for analysis. The result of the study revealed a positive and significant effect between microcredit and poverty reduction, micro-saving also had a positive and significant effect with poverty reduction, while training had a positive but statistically insignificant effect with poverty reduction. It was recommended that microfinance foundations concerned should intensified its training program by improving the items under training to enable women take full advantages of the training in order to have better result.
Title: The Effect of Microfinance Services on Poverty Reduction among Women in Katsina Metropolis
Author: Umar Abdulmalik, Bala Ado Kofar mata, Murtala Aminu Ibrahim, Abubakar Usman Yusuf
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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