ABSTRACT
The aim of this study
was to evaluate the Uga Microfinance Bank in Aguata L.G.A Anambra State. Three
research questions were formulated and tested. The specific objectives are to
determine a centralized location, comfortable spaces and good design in
Microfinance Bank. The result was obtained using questionnaire method, which
was carefully analyzed. The population is 364 in number, where random sampling
method were used to obtain a sample size of 36 which represent 10% and 35 were
returned. From the data collected, it was discovered that there is need for
another location, functional spaces and re-designing of Uga Microfinance Bank.
CHAPTER
ONE
1.2
BACKGROUND OF THE STUDY
The history of micro
financing can be traced back as long to the middle of the 1800s when the
theorist Lysander Spooner was writing over the benefits from small credits to
entrepreneurs and farmers as a way getting the people out of poverty. But it
was at the end of World War II with Marshall Plan the concept had a big impact.
The today use of the expression micro financing has it roots in the 1970s when
organizations, such as Grameen Bank of Bangladesh with the microfinance pioneer
Mohammad Yunus, where starting and shaping the modern industry of
microfinancing (Wikipedia 2015).
In United States,
microfinance institutions was developed in 1980s. They served low income and
marginalized minority communities. By 2007, there were 500 microfinance
organizations operating in the US with 200 lending capital (Wikipedia 2015).
In Africa the first
credit union in Africa was established in Northern Ghana in 1955 by Canadian
Catholic missionaries. However, susu, which is one of the micro finance schemes
in Ghana, is thought to have originated from Nigeria and spread to Ghana in the
early twentieth century (www.economicswebinstitute.org).
In Nigeria micro
finance banking came into being in 2005 with the launching of the micro finance
policy by the former CBN governor Professor Chukwuma Soludo. The policy was
influenced by the globally acclaimed impact of micro finance in helping the
economically active poor to exit the poverty threshold and thus leading to
significant poverty reduction. Hence micro finance banking was introduced with
the expectation that over time, it would in reducing poverty in the country
(Ngutor Nyor, 2013).
In Anambra state,
micro finance banking came into existence following the 2005 government policy
which leads to the conversion of community banks to micro finance bank so many
banks were given provisional approval while others were given final license
(Chukwuma 2007).
In Uga micro finance
bank came as a result of 2005 policy so Uga community bank was converted to
Microfinance bank with provisional approval (Umunne, 2009).
1.2
STATEMENT OF THE PROBLEMS
Despite the
importance of micro finance bank to the community, there has been complaint
form both staff and customers regarding to
1. The location
2. The design
3. Space
1.3
AIM AND OBJECTIVES
The aim of this study
is o evaluate the location design and space of Uga micro finance bank building.