specific business strategies. The five strategy types used in this study are; the low cost strategy, the differentiation strategy, the focus strategy, the growth strategy and the harvest strategy. Competition as the moderating variable in this study refers to the degree of the intensity of competition that the MFIs perceived to face in the financial industry in Nigeria. In the study, the five forces from the Porter s model were used to determine the intensity of ‟ competition in the microfinance industry. In this study, the performance of the MFIs is measured by using several performance indicators. The performance indicators as measured in the study included; rate of loans repayment, value of loans disbursed, average loan size; number of loans disbursed, number of deposits, number of borrowers and number of women borrowers. 1.6 Outline of the thesis This thesis is organized and presents in five chapters. The five chapters are in the following order: Chapter One is the introduction. This Chapter focuses on the background of the study, research problem, questions and objectives, scope, significance of the study, definitions as well as the outline of the thesis. Following is Chapter Two, the literature review. The Chapter presents the reviewed literature and past studies related and relevant to the study.
Next is Chapter Three, describes the theoretical framework as well as the research methodology adopted in this study. Following is Chapter Four, which the results of the study are presented. Finally is Chapter Five, the results are discussed, the conclusion, contributions, implication and limitation of the study are provided as well as suggestions for future research are proposed and present in the chapter.
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- Scope of the study