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Does Group-based Lending Scheme Outperform Individual-based Lending Scheme at Reducing Poverty? Evidence from Nigeria

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This study examined the effects of microfinance on poverty level of different types of borrowers who accessed micro-finance services. The study was propelled by the need to justify the increased emphasis on group-based lending scheme by development agencies and microfinance institutions in Nigeria as a better way of reducing poverty. The area of study was Anambra State where 400 microenterprise who accessed credit from regulated micro-finance institutions from 2006 – 2012 were selected as the sample. Findings from the study showed that individual-based lending scheme performed better than group-based scheme in reducing poverty among micro-enterprise owners.
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In-Text Citation: (Jude Kenechi, 2017)
To Cite this Article: Jude Kenechi, O. (2017). Does Group-based Lending Scheme Outperform Individual-based Lending Scheme at Reducing Poverty? Evidence from Nigeria. International Journal of Academic Research in Public Policy and Governace, 4(1), 46–61.