An An Assessment of the Impact of Microfinance Banks on Poverty Alleviation in Gombe State, Nigeria

Microfinance, Poverty, Gombe state, Assessment.


  • Dr Muhammad Ibrahim Dr
  • Dr Adamu Danlami Ahmed Dr
  • Dr. Saleh Muhammad Bahamman Dr



Microfinance, Poverty, Gombe state.


  Microfinance banks provide a wide range of financial services such as deposits, loans, savings, payment services, money transfers, and insurance to the poor and low-income individuals, households and groups of persons who do not have access to conventional deposit money banks. The aim of this study is to assess the role of microfinance banks in alleviating poverty in Gombe State, Nigeria. Data for the study were collected through primary sources from the customers of the three (3) sampled microfinance banks operating in Gombe state through the administration of questionnaire. A total of three hundred and ninety-three (393) copies of the questionnaire were distributed to the respondents. Any mean above the cut-off point indicates agreement with the statement and vise-versa. Also, the inferential statics used is chi-square test to test the stated hypotheses of the study. From the analysis of the data the study concluded that the poor at the grass root level benefits from the services of microfinance banks in Gombe state. Also, the level of outreach and quality of services provided by microfinance banks in Gombe state is commendable. Likewise, the services of the microfinance banks have positive impacts on the micro business performance. It was therefore, recommended that more awareness programs should be organise to encourage people to access more credit facilities from the bank. Also, businesses should be encouraged to patronize the services of microfinance bank as evidence provides that services rendered by microfinance banks make business to generate more profit.     


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