EFFECT OF MICROFINANCE BANKS’ SERVICES ON PERFORMANCE OF SMALL AND MEDIUM SCALE ENTERPRISES IN JALINGO METROPOLIS

Abstract

The focus of this study is to investigate the effect of Microfinance Banks’ services on  performance of small and medium scale enterprises in Jalingo metropolis, Taraba State, Nigeria, the study adopted a survey research design in which copies of  the    questionnaires were distributed  to the small and medium scale enterprises respondents in Jalingo metropolis that enjoyed the microfinance Bank services, the population of this study constitute 79 SMEs that enjoyed the services of the microfinance Bank Jalingo, Taraba State, small enterprises = 45, medium enterprises = 34, the sample size 65 SMEs was used as questionnaires, small enterprises = 43 and medium enterprises = 22, ordinary least square regression analysis was used to analyzed the data, the findings revealed that  Microfinance credit has a significant or positive effect on the performance of small and medium scale enterprises in Jalingo, Taraba State, the study recommended that Microfinance services providers and policy development partners could consider including non-financial services  to the SMEs, such as Microfinance insurance services in the Microfinance packages and more entrepreneurs training and Advisory services to the SMEs.