Cecilia Adurayemi Adu (PhD), Maxwell Prosper Onochie, Egor Ese Omolewa


The study examined the impact of microfinance banks on the development of small and medium scale enterprises in Ogun State. The descriptive survey was adopted through the distribution of questionnaire in assessing this study. It was discovered that MFBs credits have contributed significantly to the development of SMEs in Ogun State. It was recommended that SMEs business accounts should be opened with microfinance banks preferably while government at various levels should participate in the SMEs financing through genuine schemes either to improve the existing schemes or establish new ones.


SMEs, MFBs, development, credits, capital adequacy

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