Micro-Credit Policy & Institutions

1. Understand the role of micro-credit policy and institutions in Nigeria.
2. Manage microfinance institutions effectively.
3. Identify and utilize various sources of funds for small businesses.
4. Apply contemporary management practices in small business.
5. Understand the principles of entrepreneurship.
6. Apply ethical practices in business management.

13 weeks, about 28 hours in total. Yours will differ.

1. Week 1Module 1: Micro Financing

   • Unit 1: Micro Financing · 2 hours

     Define micro financing and micro credit.. Discuss the features of micro credit institutions.. Identify the beneficiaries of micro credit.. Explain the elements of microfinance and its activities towards the poor..

2. Week 2Module 1: Micro Financing

   • Unit 2: Traditional Micro Finance Practice in Nigeria · 2 hours

     Explain traditional micro finance practices in Nigeria.. Discuss the characteristics of traditional micro finance, including savings and group components.. Describe the operations of Esusu and its advantages and disadvantages.. Identify the limitations of traditional micro finance practices..

3. Week 3Module 1: Micro Financing

   • Unit 3: Micro Finance Institutions (Part I) · 2 hours

     Discuss the roles of Industrial Development Centers (IDCs) and the National Directorate of Employment (NDE).. Explain the functions of the Federal Institute of Industrial Research (FIIRO).. Describe the activities of the Nigeria Association of Small Scale Industrialists (NASSI).. Outline the advantages of these institutions to SMEs..

4. Week 4Module 1: Micro Financing

   • Unit 4: Micro-Finance Institutions (Part II) · 2 hours

     Explain the activities of the Family Economic Advancement Programme (FEAP).. Discuss the roles of the People's Bank of Nigeria Limited (PBN) and Community Banks (CBs).. Describe the functions of the Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB).. Outline the objectives and advantages of Micro Finance Banks (MFB)..

5. Week 5Module 1: Micro Financing

   • Unit 5: Government Policies · 2 hours

     Define government policy and explain the need for micro finance policy.. Discuss the initial efforts to promote micro-enterprises.. Explain the functions of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).. Outline the advantages of various government policies..

6. Week 6Module 2: Sources of Funds

   • Unit 1: Non-governmental Organizations in Microfinance · 2 hours

     Define Non-Governmental Organizations (NGOs) and explain their role in micro credit financing.. Discuss the features of NGOs, including their beneficiaries and adoption of credit plus approach.. Explain group delivery methods and their advantages.. Describe the focus on rural women and pre-loan training programs..

7. Week 7Module 2: Sources of Funds

   • Unit 2: Sources of Funds (Part1) · 2 hours

     Identify different sources of funds for businesses.. Explain personal savings, loans from family members, and deposits from customers as sources of funds.. Discuss hire purchase finance and its benefits and disadvantages.. Describe how cash from the business can be used as a source of funds..

8. Week 8Module 2: Sources of Funds

   • Unit 3: Sources of Funds: Partnership and Cooperative Society · 2 hours

     Explain partnership as a source of funds, including its advantages and disadvantages.. Discuss loans from cooperative associations and their role.. Describe the principles and requirements for membership in cooperative societies.. Outline the advantages and disadvantages of cooperative societies..

9. Week 9Module 2: Sources of Funds

   • Unit 4: How to Keep and Use Business Records · 2 hours

     Explain the importance of record keeping in business.. Describe the characteristics of a good record and its advantages.. Discuss the types of records to be kept, including receipt booklets, invoices, and daily cash records.. Explain how to fill the record book and use it for business control..

10. Week 10Module 2: Sources of Funds

    • Unit 5: Marketing – How to Sell Your Products · 2 hours

      Define marketing and its importance to business activities.. Explain how to get to know your customers and your market.. Discuss the four P's of marketing: product, price, place, and promotion.. Describe how to satisfy customers and increase sales and profit..

11. Week 11Module 3: Contemporary Management Practices in Small Business

    • Unit 1: Cash Management · 2 hours

      Define cash and explain its importance in business.. Discuss the cash operating cycle and its components.. Explain how to make a cash flow plan and its benefits.. Describe how to separate business and family finances..

12. Week 12Module 3: Contemporary Management Practices in Small Business

    • Unit 2: Contemporary Management Practices in Small Business I · 2 hours

      Define time management and its benefits.. Discuss the causes of time mismanagement and how to manage time effectively.. Explain stress management and its symptoms and causes.. Describe how to manage stress and promote social responsibility in small business..

13. Week 13Module 3: Contemporary Management Practices in Small Business

    • Unit 3: Contemporary Management Practices in Small Business II · 2 hours

      Explain business ethics in small business management.. Discuss the importance of quality of work life and total quality management.. Describe how to implement TQM in a small business.. List possible projects for small and medium enterprises..

    • Unit 4: Entrepreneur and Entrepreneurship · 2 hours

      Review the definition of an entrepreneur and their role in the economy.. Discuss the business environment and its various components.. Explore possible projects for small and medium enterprises.. Identify exportable items and their markets..