Abuja Journal of Agriculture and Environment (AJAE)

ASSESSTMENT OF BENEFICIARIES KNOWLEDGE AND MANAGEMENT OF NIRSAL MICRO FINANCE LOAN IN TARABA STATE, NIGERIA
Author(s): Bashir, M.B; Ndaghu A.A; Jamilu, A.A Faruk, A.U; Abubakar, J.A; and Peter, I.
Volume/Issue: Volume 1 , Issue 1 (2021)

ABSTRACT:

The aim of assessing beneficiary’s knowledge and management of NIRSAL micro-finance loan in Taraba State. The findings showed that majority of the NIRSAL loan beneficiaries were male, youths whose age gap fall between 19 to 40 years of age, single and not married, majority farmers with an average household monthly income of N51, 000 – N100, 000 a large household size. Based on the demographic evidence, the findings proved that management of the NIRSAL Covid-19 loan is poorly managed among beneficiaries. Evidences showed that most of the beneficiaries have deviated from the major aim of the government for approving the loan; thereby using these resources for different purposes rather than the former. It was disclosed that some of the respondents further used the resources for building, education and health services, while some used it for other related problems undisclosed. The findings finally revealed that a proportionate percentage (66.7%) of the beneficiaries of NIRSAL micro finance loan aimed at providing succour to households and MSMEs that have been adversely affected by COVID-19 were engaged in Technical SMEs such as medical personnel, skills trade (artisan), engineers, scientist and lawyers, while those into functional SMEs includes programmers, software designers, photographers, artists and writers. Thus most has no physical evident of any form of MSME engaged in; rather than any of its alternatives. Based on the that government should conduct a thorough baseline survey when next they intend to disburse loan of such caliber to ensure effective use and management of resources among beneficiaries should be evaluated to know the various forms in which manage and use the NIRSAL Covid-19 loan.

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