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" Fraud in Microfinance and Its Economic Impact on Rural Aba, Nigeria: A Qualitative Content-Analysis Study "
Rogers, Brima G., Sr.
Allen, Brian M.
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Latin Dissertation
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| Language of Document
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English
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| Record Number
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1051567
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| Doc. No
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TL50684
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| Main Entry
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Rogers, Brima G., Sr.
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| Title & Author
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Fraud in Microfinance and Its Economic Impact on Rural Aba, Nigeria: A Qualitative Content-Analysis Study\ Rogers, Brima G., Sr.Allen, Brian M.
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| College
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Northcentral University
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| Date
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2019
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| Degree
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D.B.A.
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| student score
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2019
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| Note
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155 p.
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| Abstract
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The existence of fraud in microfinance is troubling and impactful to the success of its stated claim to alleviate poverty. This is particularly troubling because some stakeholders noted fraud is limited while others see it as a growing issue. The contradiction of depth of the problem is challenged by existing research being limited or non-existent. To date, the research conducted focused only on what occurred as it related to the roles of loan recipients and the potential dishonesty and the clumsiness of loan officers in a limited number of fraud cases. The important questions of existing and continuing fraud in microfinance and the contributing issues had not been addressed. This study sought to assess the potential issues leading to fraud and if possible, to understand policies that may help decrease the effect of fraudulent fund transfer processes within microfinance. The hope is that it may increase the positive impact of microlending on economic progress to alleviate poverty and decrease chances for fraud if they continue. A qualitative multiple case research study was utilized. The population queried for this study consisted of 5 small farmers, 5 small business owners, and 5 loan officers who lived in rural areas of Aba in Abia State, Nigeria. A number of identified themes emerged that may impact and decrease the opportunity for fraud in microfinance. The key findings were that the population seeking microfinance loans lacked creditworthiness, they often lacked the business or farming skills needed to fully pay back loans with interest, and microfinance organizations often changed terms after loans are executed. The need for legal and regulatory protections for this vulnerable population seem appropriate as well as enterprise counseling to better use funds. Further studies with diverse populations and circumstances are needed to continue this foundational study.
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| Descriptor
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Business administration
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Marketing
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| Added Entry
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Allen, Brian M.
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| Added Entry
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Northcentral University
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