Cooperative Financing of Micro Scale Enterprises in Nigeria

This paper investigates how cooperative financing of micro scale firms relates to the development of desirable outcomes of micro scale enterprises. A multi-stage sampling approach was used to select 225 micro entrepreneurs. Primary data were collected from cooperative based micro firms using a structured questionnaire. Descriptive statistics and correlation analysis were used. Data collected covered information on micro firms and entrepreneurs' characteristics, volume of finance and employment band. The results of data analysis show no significant relationship between cooperative credit provided to micro scale firms and their employment band. Increasing effort in the area of business cooperative management for effective delivery of funds is suggested.