2014Academic Journal of Interdisciplinary StudiesOpen access

Determining Sustainable Strategies for Directors of Microfinance Banks in Nigeria

Josephine Aruoriwo Diete-Spiff

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Abstract

This literature review study was to explore information from multiple authors and studies on Determining Sustainable Strategies for Directors of Microfinance Banks in Nigeria in other to indoctrinate management best practices in Microfinance banks. The lack of these management best practices highlighted the uncertainty in the microfinance sector, and the adverse effect. The significance of this study, which is to determine strategic management best practices for directors of microfinance banks in Nigeria could prevent further collapse of the sector. Strategic management best practices could encourage microfinance banks developmental goals to bridge the gap between the poor and the rich by providing funding for the working poor and creating an avenue for financial inclusion of the unbanked in Nigeria. DOI: 10.5901/ajis.2014.v3n6p125

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This literature review study was to explore information from multiple authors and studies on Determining Sustainable Strategies for Directors of Microfinance Banks in Nigeria in other to indoctrinate management best practices in Microfinance banks. The lack of these management best practices highlighted the uncertainty in the microfinance sector, and the adverse effect. The significance of this study, which is to determine strategic management best practices for directors of microfinance banks in Nigeria could prevent further collapse of the sector. Strategic management best practices could encourage microfinance banks developmental goals to bridge the gap between the poor and the rich by providing funding for the working poor and creating an avenue for financial inclusion of the unbanked in Nigeria. DOI: 10.5901/ajis.2014.v3n6p125

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Available abstract

This literature review study was to explore information from multiple authors and studies on Determining Sustainable Strategies for Directors of Microfinance Banks in Nigeria in other to indoctrinate management best practices in Microfinance banks. The lack of these management best practices highlighted the uncertainty in the microfinance sector, and the adverse effect. The significance of this study, which is to determine strategic management best practices for directors of microfinance banks in Nigeria could prevent further collapse of the sector. Strategic management best practices could encourage microfinance banks developmental goals to bridge the gap between the poor and the rich by providing funding for the working poor and creating an avenue for financial inclusion of the unbanked in Nigeria. DOI: 10.5901/ajis.2014.v3n6p125

Key concepts: Microfinance, Financial inclusion, Unbanked, Business, Best practice, Financial services, Accounting, Finance

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