Microfinancing, Access To Credit And Educational Attainment In Nigeria: Evidence From Ijebu Itele, Ogun State

Authors

  • Lateef Abiodun SALAMI Department of Economics, Hallmark University, Ijebu –Itele, Ogun State
  • Olalekan ENITILO Department of Business Administration, Hallmark University, Ijebu –Itele, Ogun State
  • Anu Keshiro TORIOLA Department of Economics, Hallmark University, Ijebu –Itele, Ogun State
  • Adegboye ADEBAYO Department of Accounting, Hallmark University, Ijebu –Itele, Ogun State
  • Bukola Mary SORETIRE Department of Accounting, Hallmark University, Ijebu –Itele, Ogun State

Keywords:

Microfinancing, education, access, rural area, logit and probit model

Abstract

The study examined the effect of microfinancing, access to credit and Educational attainment in Nigeria based on evidence from Ijebu Itele, Ogun State with a view to exploring the role of microfinance institutions in rural economies. The target population comprised of 2,100 individuals residing and patronising microfinance in Ijebu-Itele, Ijebu East Local Government Area, Ogun State, Nigeria while the sample was 336 respondents selected using Taro Yamane formula based on stratified sampling techniques. The method of data analysis was Logit regression. The result showed that modalities for collecting loan of Microfinance institutions has a significant effect on educational attainment through savings made, level of repayment, and rate of interest. The study concluded that loan provided by microfinance institutions contribute to improved educational outcomes in Ijebu-Itele rural community. It was recommended that there is the need to encourage and promote the establishment or location of more microfinance branches in the rural areas to improve educational achievement of microfinance borrowers.

Author Biographies

  • Lateef Abiodun SALAMI, Department of Economics, Hallmark University, Ijebu –Itele, Ogun State

    Department of Economics, Hallmark University, Ijebu –Itele, Ogun State 

  • Olalekan ENITILO, Department of Business Administration, Hallmark University, Ijebu –Itele, Ogun State

    Department of Business Administration, Hallmark University, Ijebu –Itele, Ogun State.

  • Anu Keshiro TORIOLA, Department of Economics, Hallmark University, Ijebu –Itele, Ogun State

    Department of Economics, Hallmark University, Ijebu –Itele, Ogun State

  • Adegboye ADEBAYO, Department of Accounting, Hallmark University, Ijebu –Itele, Ogun State

    Department of Accounting, Hallmark University, Ijebu –Itele, Ogun State

  • Bukola Mary SORETIRE, Department of Accounting, Hallmark University, Ijebu –Itele, Ogun State

    Department of Accounting, Hallmark University, Ijebu –Itele, Ogun State

References

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Published

2026-03-26

Issue

Vol. 1 No. 2 (2024): JOURNAL OF MANAGEMENT AND SOCIAL SCIENCES EDUCATION Volume 1 No 2

Section

Articles

How to Cite

Microfinancing, Access To Credit And Educational Attainment In Nigeria: Evidence From Ijebu Itele, Ogun State. (2026). Journal of Management and Social Sciences Education, 1(2), 282-294. https://journals.lasued.edu.ng/index.php/JOMSSE/article/view/154

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