IMPACT OF CREDIT RISK MANAGEMENT ON PERFORMANCE OF MICROFINANCE BANKS IN AKURE, ONDO STATE

The study examined the impact of credit risk management on performance of microfinance banks in Akure, Ondo State. The research design used in the study was survey research design where questionnaire was designed and administered to the staff of Moniepoint Microfinance Bank and LAPO microfinance bank in Akure, Ondo State, Nigeria. The sample size for the study was fifty. The study used chi-square as the statistical tool to analysis the hypotheses formulated. The result of the study showed that credit risk management impacts performance of microfinance banks in Akure, Ondo State. Specifically, credit risk appraisal, credit risk monitoring and credit risk mitigation impacts performance of microfinance banks in Akure, Ondo State. Consequently, it is recommended that an effective monitoring system should be implemented in microfinance institutions (MFIs) so that information regarding customers, credit risk exposures, collateral, and borrowers, is up to date.

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Publication Details

Journal
International Journal of Financial Research and Business Development
Published
2024-10-31
DOI
https://doi.org/10.70382/mejfrbd.v6i7.004
Citations
1
Primary Topic
Islamic Finance and Banking Studies
Type
article
Field-Weighted Citation Impact
0.95
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article

IMPACT OF CREDIT RISK MANAGEMENT ON PERFORMANCE OF MICROFINANCE BANKS IN AKURE, ONDO STATE

OLUWASEUN AKOREDE ADEBAYO, MOBOLAJI AJIKE DR. IDOWU, OLUWATOYIN FRANCIS ALONGE
1 citations
International Journal of Financial Research and Business Development
Islamic Finance and Banking Studies
0.95
article

IMPACT OF CREDIT RISK MANAGEMENT ON PERFORMANCE OF MICROFINANCE BANKS IN AKURE, ONDO STATE

OLUWASEUN AKOREDE ADEBAYO, MOBOLAJI AJIKE DR. IDOWU, OLUWATOYIN FRANCIS ALONGE
article en
1 citations

Abstract

The study examined the impact of credit risk management on performance of microfinance banks in Akure, Ondo State. The research design used in the study was survey research design where questionnaire was designed and administered to the staff of Moniepoint Microfinance Bank and LAPO microfinance bank in Akure, Ondo State, Nigeria. The sample size for the study was fifty. The study used chi-square as the statistical tool to analysis the hypotheses formulated. The result of the study showed that credit risk management impacts performance of microfinance banks in Akure, Ondo State. Specifically, credit risk appraisal, credit risk monitoring and credit risk mitigation impacts performance of microfinance banks in Akure, Ondo State. Consequently, it is recommended that an effective monitoring system should be implemented in microfinance institutions (MFIs) so that information regarding customers, credit risk exposures, collateral, and borrowers, is up to date.

International Journal of Financial Research and Business Development
Joseph Ayo Babalola University (NG)
Decent work and economic growth
Openalex Percentile: Top 18%
Islamic Finance and Banking Studies
0.95
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IMPACT OF CREDIT RISK MANAGEMENT ON PERFORMANCE OF MICROFINANCE BANKS IN AKURE, ONDO STATE — OLUWASEUN AKOREDE ADEBAYO, MOBOLAJI AJIKE DR. IDOWU, et al. · International Journal of Financial Research and Business Development (2024) | TGRS Research Map | TGRS