Microfinance Institutions in Nigeria: Issues and Research Areas

Abstract

Microfinance institutions (MFIs) in Nigeria are considered as key players in the microfinance industry in the country. While these institutions are recognized for their significant role in the microfinance industry, as a field of study, MFIs appear to have not been able to attract much research emphasis. The review of past research suggests that both theoretical and empirical contributions in this field remained restricted, particularly in the context of Nigeria. This paper reviews previous works on microfinance in an attempt to identify the issues and provides some suggestions for further research on MFIs in Nigeria. More specifically, the paper emphasizes on the issues neglected in past studies as well as focuses on some of the research areas in the field of MFIs that need to be addressed and investigated empirically.

DOI: 10.5901/mjss.2016.v7n2s1p455