Journal of Business & Economic Policy

Debt Management and Assessment on Micro Finance Institutions in Nigeria (A Study of Oredegbe Micro Finance Bank, Aramoko, Ekiti STATE)
Ogunro, Victor Olukayode; Taiwo, Anthony Adebayo

Abstract
The study focuses on Debt Management and Assessment on Micro Finance Institution in Nigeria” (A study of Oredegbe Micro Finance Bank, Aramoko, Ekiti State). The data for this study were obtained from both primary and secondary sources. The primary sources of data used for the study were oral/personal interview and questionnaire. The secondary source includes research work, textbook, and journal periodicals. The data obtained were tabulated and analyzed by using simple percentage and chi-square (X2) to test those hypothesis formulated. From the data analyzed and hypothesis tested, it was found that debt management techniques boost economic empowerment of the micro finance institutions and also promote employment generation and poverty reduction for the community. It was recommended that management should enforce the effective and efficient utilization of the entire instrument mentioned in the course of study and to also follow the principle laid down on debt management by the CBN to coach micro finance bank operator in Nigeria in order to enhance their performance.

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