Abstract
Objective: Small and medium enterprises (SMEs) are essential in stabilizing and developing emerging economies. Access to finance and credit is vital in sustaining livelihoods and developing microenterprises. Methods: The study adopted both descriptive and chi-square to evaluate the impact of Gashua microfinance banks on small- and medium-scale enterprises in Bade Local Government, Yobe state. For this purpose, the study used representative random sampling and administered two hundred and fifty (250) questionnaires that were correctly filled out and returned. The data was analysed using regression and structural equation modeling analyses. Results: The findings revealed that Gashua microfinance banks do not significantly impact small and medium-scale businesses in the Local Government. Conclusion: The study recommended that the local government and the Gashua microfinance bank join each other and organize a workshop or seminar to educate the small and medium-scale enterprise owners and the Local Government members on the importance of microfinance. Furthermore, ethical finances should also be introduced to address those who are financially excluded due to religious reasons.
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