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MICRO-FUNDING BANKS LETTING AND PERFORMING OF PETTY FISHERIES FARMS

20212 citationsOpen accessAkwa Ibom State University

Abstract

Small outfits often times bump into difficulty in creating adequate capitals to sustain the agreement of the letting deal which most times lead in the direction of legal action among the owners of the letting items and the users of the letting items. Great interest rates on letting, and security needs are a number of restrictions come across by managers which has in turn impeded business success and performing. The inquiry looked at the Microfunding banks letting and performing of petty fisheries farms. It was aimed at determining whether the operating yield on ventures and mesh proceeds of petty fisheries farms could be enhanced if the farms embrace Microfunding letting as a source of funding their operations. It engaged the Ex-post facto exploration plan for the collection of facts. The facts gathered were evaluated by means of multiple regression method. Outcomes showed that there are progressive associations and substantial connection between the considered variables. Accordingly, the Micro-funding banks letting substantially impact on the performing of petty fisheries farms. Implying that, the operating yield on ventures and mesh proceeds of petty fisheries farms could be significantly enhanced if the farms embrace Micro-funding letting as a source of funding their operations. Finally, it was suggested that Microfunding banks letting ought to be deliberated while out looking for the source of funding bits and pieces of petty fisheries farms. Moreover, executives of business organizations must make certain that the greatest basis of bankrolling capacities and bits and pieces is carefully chosen since installing the correct capacities upturn performing

Research topics

  • Islamic Finance and Banking Studies
  • Microfinance and Financial Inclusion

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DOI: 10.13140/rg.2.2.18631.21923

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