SUSTAINABILITY AND PROFITABILITY OF MICROFINANCE INSTITUTIONS IN Thesis

SUSTAINABILITY AND PROFITABILITY OF MICROFINANCE INSTITUTIONS IN NIGERIA - Thesis ExampleSuch organizations are able to pay small micro loans to members of the lower class who can both demonstrate a need and a means to pay back the loan. In addition, the findings of this overcompensate indicate that microfinance creations are beginning to provide needed financial services to help individuals begin to save and get themselves on the path towards financial independence. At the same time, microfinance institutions in Nigeria are facing difficult challenges to their own sustainability and profitability moving forward, so the recommendations contained in this study are designed to push the institution in a more successful future.Throughout the humanness, it has become increasingly noticeable in recent decades that the gap between the developed and developing nations of the world continues to widen to an almost unfathomable proportion. This truth is not only been seen from an individua l wage earners perspective, as it is truly a regional and planetary economic phenomenon1. In an increasingly competitive, modern, and globally connected society, developing nations are often left behind in the movement towards progress and economic expansion. With this globe in mind, it can be seen that the gap is now increasing almost exponentially, with individuals and businesses in the poorest regions of the world left wondering how they will ever find the financial and human capital necessary to improve upon and provide for their own eventual economic freedom2.It is no secret that much of the world has been concerned over the hunt of the past century with the amount of exiguity that is existent in various parts of the globe, and how the rate of poverty seems to only be increasing. Consider the abject poverty and poor economic infrastructure that has been endemic to the countries of West Africa for all of the modern era. One of the primary reasons limiting economic expansion in countries such as Nigeria is that basic lack of access