Micro Credit Policy And Institutions

1. Define micro financing and its importance.
2. Identify sources of funds for small businesses.
3. Explain government policies related to microfinance.
4. Apply marketing strategies to sell products.
5. Manage cash flow effectively.
6. Describe the characteristics of successful entrepreneurs.
7. Differentiate between different types of businesses.

13 weeks, about 22.5 hours in total. Yours will differ.

1. Week 1Module 1: Micro Financing

   • Unit 1: Micro Financing · 1.5 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..

2. Week 2Module 1: Micro Financing

   • Unit 2: Traditional Micro Finance Practice in Nigeria · 1.5 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..

3. Week 3Module 1: Micro Financing

   • Unit 3: Sources of Funds (Part 1) · 1.5 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..

4. Week 4Module 1: Micro Financing

   • Unit 4: Sources of Funds: Partnership and Cooperative Society · 1.5 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..

5. Week 5Module 1: Micro Financing

   • Unit 5: Non-governmental Organisation in Microfinance · 1.5 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..

6. Week 6Module 2: Government Policies

   • Unit 1: Government Policies · 1.5 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)..

7. Week 7Module 2: Government Policies

   • Unit 2: Micro Finance Institutions Part I · 1.5 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)..

8. Week 8Module 2: Government Policies

   • Unit 3: Micro Finance Institutions Part II · 1.5 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..

9. Week 9Module 2: Government Policies

   • Unit 4: How to Keep and Use Business Records · 1.5 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..

10. Week 10Module 2: Government Policies

    • Unit 5: Marketing – How to Sell Your Products · 1.5 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..

11. Week 11Module 3: Marketing: Promotion Part I

    • Unit 1 Marketing: Promotion Part I · 1.5 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..

12. Week 12Module 3: Marketing: Promotion Part I

    • Unit 2 Management Cash · 1.5 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 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..

13. Week 13Module 3: Marketing: Promotion Part I

    • Unit 4 Definitions of Business Types · 1.5 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 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..