CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND TO THE STUDY
Osogbo microfinance bankers the first micro – finance bank in Osun State commissioned by the former governor Alhaji Isiaka Adeleke on Monday 31th Dec, 1992 at Osogbo Local Government Area of Osun State. The project took off in the country with a mandate from the presidency to improve the lost of people through credit facilities devoid of conventional banking bottle necks and its operating capital boss supplied by unfired community. This community provides the building for the operation and the management staff a well ass the board and the truster. The idea is that when such collective money is given out as loans, there won’t be much difficult in recovering it back as at when due.
1.2 STATEMENT OF THE STUDY
During the research, a lot of problems were encounter that is lack of cooperation on the part of osogbo micro-finance bank staff and their customer. Some of the respondents were not frequently turn up for interviews organized by the researchers. Therefore, the researcher has to be punctual in order to get the reliable sources. On the part of the researchers, Non-Availability of enough time and financial problem created have in the process of writing this project.