JAFE Vol. 4 (1): 31-36
Effects of Delta State Micro Credit Scheme on the Economic Well-Being of Women in Rural Areas of Delta State, Nigeria
Uzokwe, U. N. and Giweze, E. A.
ABSTRACT
This study investigated effects of the Delta State Micro Credit Scheme (DMCS) on the economic well-being of women in rural areas of Delta State, Nigeria. The objectives of the study were to: describe the socio-economic characteristics of women participating in the DMCS projects, identify DMCS activities in Delta State, and compare their socioeconomic status before and after participation in the DMCS. Data were collected from 135 respondents across the three senatorial districts of Delta State with the use of a structured questionnaire. Analysis of data was done using frequency counts, percentages, means and t-test. DMCS activities mostly engaged in by women in rural areas were aquaculture (76%), cassava processing (86%), soap/cosmetic manufacturing (75%), fish smoking (85%), hair dressing (52%), tailoring (43%), petty trading (75.6%), food vending (59%), fish processing (71%) plantain processing (71%) and oil palm processing (65.9%).Hypothesis test result showed that there was a significant difference between the socioeconomic statuses based on items possessed before and after DMCS participation by the women. The study established that DMCS had positive effect on the beneficiaries. There is need to sustain it and increase the level of awareness of DMCS activities among the rural populace.
KEYWORDS: Delta Micro Credit Scheme, poverty, economic well-being