2014 dissertation for MSc in International Accounting and Finance. Selected by academic staff as a good example of a masters level dissertation. Microfinance has been generally termed worldwide as a key developmental
tool in reaching poor people, targeting and delivering quality evidence based
program to alleviate the challenges of poverty and economy defects of the
lowly in the society.
Risk is an all-encompassing phenomenon in the world of finance and it is
situated at the core of any economic activities. The global financial Tsunami
of 2007/2008 became a topical issue in the world of finance and an eyeopener
amongst scholars and professionals in the financial world as the need for a more regulated and supervised financial system became more obvious.
The increasing need for implementation of an effective risk management
strategy or policy necessary for booms and expansion in the economy has
been an important goal of individuals, firms, and government of developing
nations, especially a country like Nigeria with an official population figure of
170m.
The study employed Panel Data Analysis to investigate the impacts of an effective risk management tool using Return on Assets (ROA), Portfolio at Risk (PAR at 30days), and Gross Loan Portfolio as explanatory variables and
then used the Capital Adequacy ratio as dependent variables while controlling for Inflation rate and Economic growth rate
