Access to microfinance is expected to improve the standard of living of the poor that are economic active and microfinance clients by enabling them to increase their household income. This study examined the contributions of Microfinance institutions to poverty reduction in Southwest Nigeria, using both primary and secondary data collected from Microfinance institutions (MFIs) and randomly selected customers (micro, small and medium enterprises) of the same Institutions. The study adopted a multistage sampling technique. The data from the survey was used to analyze the impact of loan received on earnings using a loan-impact probability model. The study found that Microfinance is an effective poverty alleviation strategy as it reaches the target customers more effectively and helps to a large extent in improving their standard of living and social status and also impacts greatly on Customers’ savings habit and income generation. The study therefore recommended that MFIs should embark on funds mobilisation drive to be able to reach out to more viable customers for provision of financial services. It also recommended that there should be provision of incentives by government to sustain MFIs in order to further extend their services to the rural areas and capacity building of MFIs in Nigeria should be made mandatory so as to develop appropriate policies that will enhance sustainability and stability.
KNOWLEDGE SHARING AS A CATALYST FOR ENHANCED PERFORMANCE IN MICRO, SMALL AND MEDIUM ENTERPRISES (MSMEs) IN MIGORI COUNTY, KENYA (Published)
In the last decade the role of knowledge sharing in business organizations has been emphasized by practitioners, academics and entrepreneurs. Ironically, most of these studies have focused on large organizations, yet others have predominantly focused on secondary literature of past studies for their findings. In addition, some studies have focused on particular aspects like tacit knowledge or explicit knowledge without giving a clue on the relationship to performance using both. This study sought to find out the effect of knowledge sharing on organizational performance with particular reference to MSMEs, thereby filling the gap on small organizations. The study was also empirical and addressed both tacit and explicit forms of knowledge. The study was conducted by cross sectional survey, data being collected using questionnaire and structured interview responses from a sample of 46 owner and 110 employed managers of Micro, Small and Medium Enterprises randomly selected from the accessible population using stratified random sampling technique. Findings revealed that knowledge sharing indeed had a significantly positive effect on Micro, Small and Medium Enterprises in Migori County, Kenya. The study recommends that Micro, Small and Medium Enterprises be encouraged to facilitate implementation of knowledge sharing so as to realize significant improvements in their performance