E XTENT BANK COLLATERAL SECURITY DEMAND ON LOANS AFFECT THEGROWTH OFSMALLSCALEENTERPRISES IN ONITSHA,ANAMBRA STATE

Small scale enterprises are catalyst in achieving nation's economic objectives, but not without constraints
that impede their growth. This paper ascertained the extent bank collateral Security demandon loansaffect
thegrowthofsmallscaleenterprisesinOnitsha,Anambra State.Oneresearch question guided the study, while
one null hypothesis was tested at 0.05 level of significance. Descriptive survey research design was adopted
forthestudyand a population of352 owners ofsmall scale enterprisesin Onitsha,Anambra State was used for
the study. Data were collected for the study using validated structured questionnaire on a five -point rating
scale. The internal consistency of the instrument yielded an index value of 0.83, which was established with
Cronbach Co-efficient Alpha. The findings of the study revealed among others that bank collateral securities
demands on loan affected the growth of small scale enterprises at moderate, low and very low extents.
However, the study showed that gender did not affect the opinion of the small scale enterprises on the
extent collateral security demand affect the growth of their enterprisesin Onitsha, Anambra State. Based on
the findings of the study, it was recommended among others that entrepreneurs' in Onitsha, Anambra State
should embark on capacity building of their members to ensure better understanding of financial
institutionsrequirementsforloanand thecollateraldemandsonthem.

collateral securities, growth, small scale enterprises,

View PDF

Agu, Y. I. (2008). The Impact of Banking Sector Reforms on Growth and Development of
e n t r e p r e n e u r s i n N i g e r i a n s . R e t r i e v e d 3 0 / 1 / 1 2 / f r o m
www.ses.ac.uk/conference/ref/10thdocuments/10EFpapers.
Chasten, I. & Mangles, T. (2009). Firm growth and its determinants. Retrieved from
https://www.innovation-entrepreneurship.com/.../pl-on 20/4/2015
Eni, C. I (2010). Small scale business and entrepreneurship development in Nigeria. Enugu.
Sunni craft publisher co.
Hunt, C.B. (2008). Institutional framework for promoting small and medium scale
enterprises. Retrieved from https://www.ajbmr.com/.../aus-29-159i0 on 21/3/2015
Kolveired, E. (2008). Government of policy audits statement on small scale enterprises.
Retrieved from.government.selspeech.2008/09. Retrieved from innovationentrepreneurship springe pdf
Nzelibe, .C. (2009). The nature of small and medium scale enterprises in Nigeria.
Hrmars.com/hrmars-paper/the nature of small scale enterprises.
Ogunkeye, G.A. (2009). Small Medium Scale Enterprises and Foundation for Rapid
Economic Development in Nigerians. NDIC Quarterly 10(4) p.25.
Okenwa, A. (2007). Small and medium industries Equity Scheme. The Financier,, the
Publication of the National Association of Banking and Finance Students
(NABAFs), UNEC Chapter
Okoli, C. I. & Ezenwafor J. I. (2015). Managers' Rating of Skills considered Necessary for
the Success of SMEs for Curbing Social Vices in Anambra and Enugu States of
Nigeria. Nigerian Journal of Business Educators. 2(3) 213 223
Okpala, J.O. (2011). Factors constraining the growth and survival of SMEs in Nigeria:
implications for poverty alleviation. Management Research Review journal.
Olorushala, J.A. (2010). Industrial Financing in Nigeria: some Institutional Arrangement.
Bullion Journal, 12 (10th) 45-55
Osuala, E.C. (2008). Principle and Practice of Small Business Management in Nigeria,
Enugu. Cheston Agency.
Owuallah, B. (2009). Measurement Model of the determinants of financial institution
conference. Retrieved from afis. eduqa/app/madis.2009).
Solomon, O. (2008) An Assessment of Small scale enterprises performance. Retrieved from
www.unuorin.edu.ng/publication.
United Nation Industrial Development Organisation (UNIDO) (2006). Financial Problems
of Small and Medium-Sized Enterprises. Retrieved from https://www.hrmarscom/.../financial -problems-of-/.../ 0n 14/8/2015.