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The Effect of National Poverty Eradication Programme (NAPEP) Loan on Socio-Economic Development of Ogun State

Author(s): Kasali, T.A. | F.A. Sowunmi

Journal: Asian Journal of Business Management
ISSN 2041-8744

Volume: 5;
Issue: 2;
Start page: 208;
Date: 2013;
Original page

Keywords: Business worth | loan beneficiary | microfinance | poverty alleviation | probit analysis

The study examines the effect of NAPEP loan on socioeconomic development of Ogun state. Structured questionnaire was used to collect data from small and medium scale entrepreneurs that operate within markets in the study area. Differences of means and Probit analyses were used to analyze data collected. The study revealed that there is no significant difference in the business worth of the loan beneficiaries and non-beneficiaries (p>0.05). The average expenditure on the dependants was significantly higher for the loan beneficiaries (p
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