Journal: Journal Of Sustainable Development In Africa
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Abstract
The use of micro credit as a poverty alleviation tool in Nigeria. Micro credit is about the provision of smallscale savings, credit and facilities for business start-ups and expansion in order to improve the income levels and standard of living. Primary data were obtained using structured questionnaires. The structure of the questions were such that specific and pertinent questions on how micro credit had with respect to the rural dwellers, enhanced their quality of life in the Ijebu North Local Government Area of Ogun state, Nigeria. This paper employs both descriptive and quantitative techniques in which chi-square technique was used to test the significance difference among the frequencies. The findings indicate that micro credit to some extent enhances the general welfare of rural dwellers thereby reducing the level of poverty in the economy if properly financed, and managed.