Micro Financing And Entrepreneurial Intentions Among Youths In Anambra State

The study examined the micro financing and entrepreneurial intentions among youths in Anambra State. The objectives of the study were to, ascertain the effect of micro credit on entrepreneurial intentions among youths in Anambra State; determine the effect of social capital on entrepreneurial intentions among youths in Anambra State. The research design adopted in this study was survey design. The questionnaire was used to collect raw data from the respondents. The population of this study is the youths in Anambra state. Given the number of youths in Anambra state, the study population is therefore considered infinite. Since the population is infinite, the sample size of the study was determined with the aid of Cochran’s non-parametric sample size determination formula. A pilot survey on 100 respondents from within the study area was conducted. The sample of the study consists of three hundred and sixty-eight (368) employees. The study adopted purposive sampling. Analysis was carried out with the aid of Statistical Package for Social Sciences (SPSS). In testing the hypotheses, the calculated value of the test statistic was compared with probability value. The study found that, Micro credit has significant effect on entrepreneurial intentions among youths in Anambra State. Social capital has significant effect on entrepreneurial intentions among youths in Anambra State. The study recommends that microcredit should be given to youth of Anambra state by the government with low interest rate. Optimum use of human and physical resources as well as effective and efficient use of financial and experiential resources