Micro And Small Business Financing

1. Understand the history and policy framework of microfinance in Nigeria.
2. Analyze the procedures for accessing finance by SMEs.
3. Apply financial analysis techniques to assess business income and capital repayment.
4. Evaluate the role and challenges of small scale businesses in the Nigerian economy.
5. Identify alternative sources of financing for SMEs.
6. Explain the concept of financial inclusion and its impact on small scale enterprises.

13 weeks, about 38 hours in total. Yours will differ.

1. Week 1Module 1: Micro Finance Banking in Nigeria

   • Unit 1: History of Micro-Financing in Nigeria · 2 hours

     Define microfinance and its role in poverty alleviation.. Discuss the history of microfinancing in Nigeria.. Analyze the challenges and prospects of microfinance banking..

   • Unit 2: Formulation of the National Micro Finance Policy · 2 hours

     Examine the African and European origins of microfinance.. Identify the reasons for formulating the National Microfinance Policy.. Explain the objectives of the microfinance policy..

2. Week 2Module 1: Micro Finance Banking in Nigeria

   • Unit 3: Sources of Finance · 2 hours

     Classify sources of finance for firms.. Enumerate and discuss short-term sources of finance.. Enumerate and discuss long-term sources of finance..

   • Unit 4: Micro Finance Non-Financial Services · 2 hours

     Explain the concept of Integrated Microfinance Programme.. Describe the three models of integration of non-financial services with microfinance.. Discuss factors for proposing Integrated Microfinance programme..

3. Week 3Module 1: Micro Finance Banking in Nigeria

   • Unit 5: An Overview of Government Financial Assistance for Small and Medium Enterprises · 2 hours

     State the objectives of the N200 billion Intervention Fund.. Outline the activities covered under the fund.. Outline the types of facilities available under the fund.. State the criteria for eligibility of borrowers..

4. Week 4Module 2: Procedures for accessing Finance by Small and Medium Scale Enterprises

   • Unit 1: The Procedure for Accessing Government Financial Assistance for Small and Medium Enterprises · 2 hours

     Enumerate the procedure for refinancing and restructuring of the fund.. Outline the guideline for verifying and monitoring projects.. State the responsibilities of various stakeholders in the administration of the fund..

5. Week 5Module 2: Procedures for accessing Finance by Small and Medium Scale Enterprises

   • Unit 2: Financial Analysis of Small Business Income Repayment of Capital · 3 hours

     Explain financial performance.. Discuss the concept of financial ratio.. Identify and explain different types of financial ratios..

6. Week 6Module 2: Procedures for accessing Finance by Small and Medium Scale Enterprises

   • Unit 3: Financial Analysis of Small Business Income Repayment of Capital and Risk Management · 3 hours

     Explain the concept of risk.. Identify and explain external risks of business.. Discuss how financial ratio analysis can be used to manage risk affecting repayment of capital funds..

7. Week 7Module 2: Procedures for accessing Finance by Small and Medium Scale Enterprises

   • Unit 4: How Micro-Credit can be effectively Provided · 2 hours

     Explain the meaning of micro-credit.. Identify informal sources of micro-credit.. Describe the functions of microfinance institutions.. Explain the policy objectives of Microfinance Banks..

8. Week 8Module 2: Procedures for accessing Finance by Small and Medium Scale Enterprises

   • Unit 5: Leasing and Other Alternate Sources of Finance to Small and Medium Scale Enterprises (SMEs) · 2 hours

     Understand the meaning of leasing.. Differentiate between Finance lease and operating lease.. Draw a relationship between Leasing, factoring and Hire purchase.. State the characteristics of leasing transaction..

9. Week 9Module 3: Sources of Finance for Small and Medium Scale Enterprises

   • Unit 1: Alternate Sources of Financing for SMES · 2 hours

     Understand the alternate sources of funding to SMEs.. Understand the different sources of SMEs funding classified as debt.. Understand the different sources of SMEs funding classified as Equity..

   • Unit 2: The Role of Small Scale Business to the Economy · 2 hours

     Ascertain the effectiveness of small scale manufacturing firms contribution to employment generation.. Know the extent small scale manufacturing firms are promoting entrepreneurship.. Ascertain whether the role of developing and increasing export trades by small scale manufacturing firms are possible..

10. Week 10Module 3: Sources of Finance for Small and Medium Scale Enterprises

    • Unit 3: The Challenges of Small Scale Business in the Economy · 3 hours

      Highlight and discuss the challenges of small scale businesses in the economy of Nigeria compared to that of Taiwan..

11. Week 11Module 3: Sources of Finance for Small and Medium Scale Enterprises

    • Unit 4: Sources and Acquisition of Capital by Small Business · 3 hours

      Say what business capital means.. Give a proper definition and explain what small business means.. Analyse the sources and acquisition of capital by small business..

12. Week 12Module 3: Sources of Finance for Small and Medium Scale Enterprises

    • Unit 5: Uses of Capital by Small Business · 3 hours

      Mention the typical uses of capital.. Discuss these typical uses one by one.. Differentiate between capital asset and working capital..

13. Week 13Module 3: Sources of Finance for Small and Medium Scale Enterprises

    • Unit 6: Financial Inclusion and Small Scale Enterprises Financing in Nigeria · 3 hours

      Discuss the meaning of financial inclusion.. The benefits of financial inclusion.. Highlight the challenges of Financial inclusion in Nigeria.. Explain the overview of financial inclusion in Nigeria..