Impact of Microfinance Banks Services on SMEs Performance Amid COVID 19 Recovery: Evidence from Kano Metropolitan Area

Microfinance banks significantly support small and medium-scale enterprises, particularly in emerging economies like Nigeria. The need for this support becomes necessary in the post COVID-19 recoveries. This paper investigates microfinance banks' impact on SMEs' performance as many went into bankruptcy due to the COVID-19 pandemic. The study collected survey data from SMEs in Kano metropolitan area. The study used a criterion sampling technique on 422 samples in the study area, and PLS-SEM was used for data analysis. The study reveals a positive and significant relationship between entrepreneurial skills and the performance of SMEs in Kano. Similarly, the relationship between microcredit and SMEs performance was positive and significant. Therefore, the study concludes that microfinance banks’ services positively and significantly influence SMEs performance. If microfinance banks provide SMEs’ owners with access to entrepreneurial skills training, small credits without stringent requirements and savings services, their operational performance and profitability would improve immensely.



Journal Title: Baze University Journal of Entrepreneurship & Interdisciplinary Studies

Category: Banking and Finance

ISSN: 2971-7124

Year of Establishment: 2022

Section: Centre for Foundation & Interdisciplinary Studies, Baze University.

Volume: 1

Issue: 2

Total Download: 0

Inusa, Auwalu, Shuaib, Kabir Musa, Gambo, Bello Bichi, Shehu, Ummi Rahma & Shehu, Usman Yahaya. 2024 Impact of Microfinance Banks Services on SMEs Performance Amid COVID 19 Recovery: Evidence from Kano Metropolitan Area. Baze University Journal of Entrepreneurship & Interdisciplinary Studies. 1 (2). 63-74. https://doi.org/10.61955/THWJRG

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