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|Title: ||Contributions of Rural Banks to small and medium scale enterprises development: A Case Study of juaben Rural Bank Ltd|
|Authors: ||Appiah, Samuel|
|Issue Date: ||6-Apr-2016|
|Abstract: ||Banks play an important role in mobilization and allocation of resources in any country. Rural people face problems in the inadequate supply of credit. The major source of credit to rural households, particularly low–income working households, has been the informal sector.
The study assessed the contributions of Rural Banks to Small and Medium Scale Enterprises (SMEs) Development using Juaben Rural Bank Ltd as a case study. The aim of the research was to ascertain the income levels of these SMEs and whether their lifestyles have improved after having access to the credit. The study employed interviews and questionnaires from fifty (50) clients of SMEs and Ten (10) credit management staff members from the Bank. The main objective was to assess products and services rendered by rural banks, to determine whether credit from the bank have contributed to the expansion of their business, to determine whether credit from the bank have increased their sales and profitability and the challenges face by rural banks in offering services to SMEs. The study employed interviews and questionnaire designed to cover major aspects of rural banks dealings with SMEs. The researcher used both quantitative and qualitative methods in the analysis of the data gathered. The research employed a descriptive research, because it was designed to procure information concerning the current status of the SMEs and how the credit from the bank has contributed to the SMEs development. The findings revealed that credit acquired from the bank significantly benefit SMEs for the opportunity to expand and increases their sales and profitability and acquire assets, new skills and techniques in managing their businesses.|
|Description: ||A thesis submitted to the department of Accounting and Finance, School of Business, Kwame Nkrumah University of Science and Technology, in partial fulfillment of the requirements for the Master of Business Administration (Finance), 2015|
|Appears in Collections:||College of Arts and Social Sciences|
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