IMPACT OF MICROFINANCE IN PROMOTING WOMEN ENTREPRENEURSHIP AND THE CHALLENGES IN JIGAWA STATE

Abstract

Women entrepreneurship is something rarely practiced in northern part of the Nigeria, but it was considered as a way to sustainability as a result of microfinance loans and credits given to most of them especially in Jigawa State, the study takes a fleeting analysis of the impact of microfinance credit in promoting women entrepreneurship and their challenges in Jigawa state, an interview research method was adopted within 14 local government areas of the state to obtain reliable result of the study. The analysis of data was made with the help of statistical package of social science SPSS through which the multiple regression analysis was the technique used. Microfinance credits plays a vital role in promoting women entrepreneurship inJigawaStateat5%level of significant (P˂0.05)(R2=0.882),about 88.2% effect of independent variable(Microfinance-credits) was explained in the dependent variable(Women entrepreneurship) which orated that microfinance loans and credits activities promotes and strengthen the affairs of small and medium-scale enterprises holds by women in the states mostof them became self[1]reliable and the core employers of labour through which many women were economically settled as a result of entrepreneurship activities. The study recommends that women entrepreneurs should do all their best to utilize the loans given to them appropriately for sustainable economic growth and development in the state and the nation in general, also government should increase the activities of microfinance institutions in-terms of loans assessments by women to enable them get link to start- up capital through for their entrepreneurship ventures, as some of them were paused behind entrepreneurial opportunities as a result of capital deficiencies.