Abstract
Abstract:- Tivland is not developed. About 70% of 3.9 million population in Tivland are small-holder farmers and micro-entrepreneurs who are funded by informal self-help financial groups (ISHFGs), which are not supported by external funding. Using in-depth interviews and participant observation methods, the study sought to identify the major types of ISHFGs in Tivland, how they generate funds, how they are sustained, their role in micro-enterprise development, and their challenges. The study revealed that there are three major types of ISHFGs in Tivland. They generate funds through savings deposits and interests on loans. They are sustained by group trust/cohesion. They have created easy access to micro-credit, and have empowered members for in income generating activities. Their major challenges are limited funds, bad leadership, no networks and external funding. The study concludes that ISHFGs in Tivland need networks for external funding, management/leadership trainings and close monitoring and evaluation of their operations
Highlights
According to Rodney (1972) developed economies have certain characteristics which contrast with underdeveloped ones. Developed economies he said are all industrialized, while the underdeveloped ones rely on agriculture and have few or no industries
Tivland is located in Benue State, Central Nigeria
The data suggest that the middle aged adults dominated the study perhaps because they were more engaged in micro-enterprises
Summary
According to Rodney (1972) developed economies have certain characteristics which contrast with underdeveloped ones. Developed economies he said are all industrialized, while the underdeveloped ones rely on agriculture and have few or no industries. The agriculture of underdeveloped economies is unscientific and the yields are far less than those of the developed economies. Rodney’s (1972) economic development analysis fit perfectly the situation in Tivland Benue State, Central Nigeria. Though the state has very fertile land and all kinds of economic crops grow there, the yields are far below the production capacity of the land; yet the state is known as ‘the food basket’ of Nigeria. Benue State has 23 local government areas, and the Tiv people occupy 14 of these local government areas referred to as ‘Tivland’
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