Effect of Micro Finance Bank Services on the Performance of Small-Scale Businesses in Delta State: A Study of Selected Businesses

The primary objective of this investigation was to investigate the impact of microfinance banks' services on the performance of small-scale enterprises in Delta State: a study of selected businesses. The specific objectives of this study were to examine the impact of credit facilities on the performance of small-scale enterprises in Delta State, and to examine the effect of savings mobilization on the performance of small-scale enterprises. Survey design was employed in the process of this study. The research involved 72 employees of Zino Pure Water Factory, Warri, Rivotel Pure Water Ltd, Abraka, and Efac Table Water, Ughelli, all in Delta State. In order to arrive at the sample size in this research, the Taro Yamane (1967) formula was employed. Furthermore, the research utilized a stratified sampling method, which involved the selection of units from a homogeneous population. The respondents in this research were interviewed with the aid of a properly structured questionnaire. The evidence collected was analyzed using the Statistical Package for Social Sciences (SPSS 27.0) through Ordinary Least Square regression. This research confirmed that the performance of small-scale enterprises in Delta State is greatly influenced by access to credit facilities. The research also illustrated that the activities of small-scale enterprises in Delta State are greatly affected by the mobilization of savings. It was claimed that microfinance banks offer tailored credit products to fit the individual financial situations and needs of their customers. This may include credit ceilings in line with their finance flow, grace periods, or flexible repayment terms.