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has been cited by the following article:

• TITLE: Analysis of the Impact of Microfinancing on Poverty Alleviation in Nigeria

  AUTHORS: Ayodeji Michael Obadire

  KEYWORDS: Alleviation, Credit, Microfinance Bank, Poverty, Living Standard, Nigeria

  JOURNAL NAME: Journal of Financial Risk Management, Vol.11 No.3, September 21, 2022

  ABSTRACT: A survey was carried out in Ogbomoso Metropolis, Oyo-State of Nigeria to critically evaluate the impact of microfinance banks as a strategy for poverty alleviation in Nigeria. The Standard of living of the respondents was examined and the extent to which microloans are available to develop small and medium enterprises were also evaluated. Evaluation of the strategies was carried out through direct administration of questionnaires on the microfinance banks’ customers. Primary data were analysed using Chi-square Test, Pearson correlation and Analysis of Variance (ANOVA) test. The results revealed that the relationship between the standard of living of the respondents and the impact of microfinance banks on their household was positive and significant with p