Accessibility to Credit Financing and the Performance of Micro Business Ventures in Maiduguri Metropolis, Borno State, Nigeria

Habiba Mustapha, Mustapha Momoh, Ahmed Modu Kumshe


This study examines the impact of access to credit financing on the Performance of micro businesses in Maiduguri Metropolis, Borno State, Nigeria. To achieve the research objective, hypothesis was formulated and survey research method was used to obtain primary data from a total number of three hundred and seventy five (375) respondents with the use of 5points Likert’s Scale questionnaire. Relevant data were retrieved, screened and found valid for this analysis. Descriptive analysis was used to compare the accesses to credit financing and the resultant performance of micro business ventures in the area. Hypothesis was tested using Multinomial Regression Model. The study rejects the Null hypothesis and revealed that accessibility to credit financing has significant impact on the performance of micro businesses in Maiduguri Metropolis. The study recommends that micro businesses owners should have basic knowledge of credit financing and maintained good records of business transactions. It also recommends that regulatory authority should make policy to enhance micro businesses greater accessibility to the available credit facilities.

Keywords: Micro Businesses, Credit Financing, Accessibility, Performance

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