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BFN310Management Sciences2 Unitsintermediate

Micro Credit Policy And Institutions

This course explores micro credit policies and institutions, focusing on their role in poverty alleviation and economic growth. It examines traditional microfinance practices in Nigeria, sources of funds for microenterprises, and the operations of microfinance institutions. Additionally, the course covers government policies, record-keeping, marketing strategies, and management practices relevant to small-scale businesses. Students will gain insights into entrepreneurship, business types, and strategies for success in the microfinance sector.

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208h
Study Time
13
Weeks
16h
Per Week
basic
Math Level
Course Keywords
Micro CreditMicrofinanceSMEsEntrepreneurshipPoverty Alleviation

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
🔬
Learning Type
Hands-on Practice

Course Topics

Key areas covered in this course

1

Micro Financing

2

Traditional Micro Finance

3

Sources of Funds

4

Government Policies

5

Micro Finance Institutions

6

Marketing Strategies

7

Cash Management

8

Entrepreneurship

9

Business Types

10

Management Practices

Total Topics10 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Microfinance Officer

Apply your skills in this growing field

Small Business Manager

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Entrepreneur

Apply your skills in this growing field

Business Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceEntrepreneurshipSmall Business DevelopmentNon-profit Organizations

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Micro Financing

1.5h

Unit 1: Micro Financing

1.5 study hours
  • •Define micro financing and micro credit.
  • •Discuss the features of micro credit or micro finance institutions.
  • •Identify the beneficiaries of micro credit and their characteristics.
Week
2

Module 1: Micro Financing

1.5h

Unit 2: Traditional Micro Finance Practice in Nigeria

1.5 study hours
  • •Explain the characteristics of traditional micro finance practice in Nigeria.
  • •Describe the savings and group components of traditional micro finance.
  • •Discuss the advantages and limitations of traditional micro finance practices.
Week
3

Module 1: Micro Financing

1.5h

Unit 3: Sources of Funds (Part 1)

1.5 study hours
  • •Identify different sources of funds for businesses.
  • •Explain the benefits and disadvantages of owner's equity.
  • •Discuss the role of loans from family members and deposits from customers.
Week
4

Module 1: Micro Financing

1.5h

Unit 4: Sources of Funds: Partnership and Cooperative Society

1.5 study hours
  • •Discuss the advantages and disadvantages of partnership.
  • •Explain the role of cooperative associations in providing loans.
  • •Describe the principles and advantages of cooperative societies.
Week
5

Module 1: Micro Financing

1.5h

Unit 5: Non-governmental Organisation in Microfinance

1.5 study hours
  • •Define Non-Governmental Organizations (NGOs) and their features.
  • •Explain the peculiar characteristics of NGO beneficiaries.
  • •Discuss the advantages of group delivery methodology in microfinance.
Week
6

Module 2: Government Policies

1.5h

Unit 1: Government Policies

1.5 study hours
  • •Define government policy and its need in microfinance.
  • •Explain the first effort to promote microenterprises and the Small Scale Industries Credit Scheme (SSICS).
  • •Discuss the Small and Medium Enterprises Loan Scheme (SMELS).
Week
7

Module 2: Government Policies

1.5h

Unit 2: Micro Finance Institutions Part I

1.5 study hours
  • •Discuss the Industrial Development Centers (IDCs) and their activities.
  • •Explain the functions of the National Directorate of Employment (NDE).
  • •Describe the role of the Federal Institute of Industrial Research (FIIRO).
Week
8

Module 2: Government Policies

1.5h

Unit 3: Micro Finance Institutions Part II

1.5 study hours
  • •Explain the features of the Family Economic Advancement Programme (FEAP).
  • •Discuss the role and features of the People's Bank of Nigeria Limited (PBN).
  • •Describe the objectives of the Community Banking System.
Week
9

Module 2: Government Policies

1.5h

Unit 4: How to Keep and Use Business Records

1.5 study hours
  • •Explain the importance of record keeping in business.
  • •Describe the characteristics of a good record.
  • •Discuss the advantages of record keeping and the types of records to be kept.
Week
10

Module 2: Government Policies

1.5h

Unit 5: Marketing – How to Sell Your Products

1.5 study hours
  • •Define marketing and its importance to business activities.
  • •Explain how to get to know the customers and the market.
  • •Discuss the four P's of marketing: Product, Price, Place, and Promotion.
Week
11

Module 3: Marketing: Promotion Part I

1.5h

Unit 1 Marketing: Promotion Part I

1.5 study hours
  • •Explain the different ways of promoting a business venture.
  • •Discuss advertising methods such as sign boards, business cards, and radio advertisements.
  • •Describe sales promotion techniques including displays and demonstrations.
Week
12

Module 3: Marketing: Promotion Part I

3h

Unit 2 Management Cash

1.5 study hours
  • •Define cash and its importance in business.
  • •Explain the cash operating cycle and the cash flow plan.
  • •Discuss how to make a cash flow plan and separate business from family finances.

Unit 3 Entrepreneur and Entrepreneurship

1.5 study hours
  • •Define entrepreneur and entrepreneurship.
  • •Discuss the risks borne by the entrepreneur and their role in the economy.
  • •Explain the inducements for entrepreneurship and the business environment.
Week
13

Module 3: Marketing: Promotion Part I

3h

Unit 4 Definitions of Business Types

1.5 study hours
  • •Define small scale enterprises and differentiate between cottage, small, and medium scale industries.
  • •Discuss the nature and characteristics of small scale enterprises.
  • •Explain the importance of small and medium scale enterprises in the Nigerian economy.

Unit 5 General Management Practices in Small Scale Business

1.5 study hours
  • •Explain the general management practices in small scale business.
  • •Discuss planning, organizing, staffing, directing, and controlling in small businesses.
  • •Describe decision-making processes and their importance in management.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review all unit objectives and key terms.

2

Practice solving problems related to cash flow management.

3

Create summaries of government policies and their impact on SMEs.

4

Analyze case studies of successful and failed small businesses.

5

Focus on understanding the four P's of marketing and their application.

6

Develop a comprehensive understanding of the characteristics and roles of an entrepreneur.

7

Practice time management techniques during study sessions to simulate exam conditions.

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