Extending Credit Frontiers for Women in Minna.

Abstract

Access to credit is an important factor in enhancing the wealth creation of individuals, yet one requirement of modern baking which marginalizes the poor, especially women is the traditional issues involve such as the issue of security o loan and collateral. There is growing realization that poverty ratio could be growth neutral because of existence of exploitative tendencies in the social, economic and political relationship in the developing economy (Lind, 1997. Women lack access to various credit facilities and production resource within the economy (NAPEP, 1999. The aim of this study is to assess the credit opportunities available in which the women explore sops to obtain credit assistance for their micro enterprises in Minna Two major types of data were collected for the purpose of this study; it includes: the primary data and secondary data. The study revealed that there are available frontier credit providers in Minna, and the numbers of them include the cooperative societies, community development organizations, thrift collectors, nor-governmental organization and money lenders. The cooperative societies provide the chunk of loans to women for micro enterprises in Minna. ie which make to get engaged in businesses like; trading, medium size trading. hairdressing, tailoring. knitting. pottery, food vendor to mention few. In all the study however certified that, the extending credit frontiers available for the women are informal in nature. These informal financial institutions provide loan micro entrepreneurs who are majorly women and therefore recommend that the Government should reform id Io policies (economic and social policies) which to have direct support to women and urban poor, so as to ha direct access to credit facilities