FINANCIAL ACCESSIBILITY AND PERFORMANCE OF ENTREPRENEURSHIP IN DELTA STATE, NIGERIA

The study is to examine financial accessibility and performance of entrepreneurship in Delta State, Nigeria. Specifically, the study assessed the effect of collateral requirement, loan procedure and Credit terms on the performance of Entrepreneurship in Delta State. Three research questions and three hypotheses guided this study. Relevant related literature was reviewed. The study was anchored on Credit Access Theory. Descriptive research design was adopted. The study was carried out in Delta State, Nigeria. Data was sources for primary and secondary sources. The population of the study comprised 1,737 registered owners of entrepreneurship business in Delta state. The sample size consists 339 using statistical formula devised by Borg and Gall. Face and content validity was adopted in this study. The reliability of the questionnaires was established through test retest method and Cronbach Alpha. The study employed Multiple Regression Analysis (MRA) method to test the hypotheses. The findings of the study revealed that collateral requirement have a positive significant effect on the performance of entrepreneurship in Onitsha, Delta State. Loan procedure has a positive significant influence on the performance of entrepreneurship in Onitsha. Credit terms have a positive significant influence on the performance of entrepreneurship in Onitsha, Delta State. The study concluded that financial accessibility had a positive significant performance of entrepreneurship in Delta State. The recommended that Bank of Nigeria should come up with policies that flexibly enable entrepreneurship to access financial assistance. Loans for capital assets or technology acquisition should be low-interest loans, which can be secured and assist the development of entrepreneurship. Bank should increase the duration of their entrepreneurship credit terms repayment, or spread the repayment over a longer period of time, or increase the moratorium