Repayment performance of microfinance institutions participants in fishing enterprise activity in Niger delta, Nigeria

Abstract

The paper examined repayment performance of microfinance institutions (MFIs) participants in fishing enterprise activity in Niger Delta, Nigeria. Data were collected with the aid of a structured questionnaire administered on the respondents involved in the study who 252 in number. Data collected were analyzed using descriptive statistics. It was found that the overall repayment performance for the participants in this enterprise activity was 96.19 per cent with a default rate of 3.81 per cent. FOFA recorded the least repayment performance 83.45 with a default rate of 16.55 per cent while LENF recorded the highest performance of 98.16 per cent with 1.84 per cent default rate. It is recommended that concerted efforts should be in place to provide enabling environment for MFIs to operate successfully in Niger Delta in particular and in Nigeria as a geographical country.

Key words: repayment performance, microfinance participants, fishing enterprise