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The research aims to explore the impact of various financial innovations on the credit accessibility of SMEs in Edo State.

March 7, 2026Open Access

Effect of Financial Innovation on Credit Accessibility by Small and Medium Scale Enterprises (Smes) in Edo State, Nigeria

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Examines how financial innovation affects credit accessibility in SMEs, indicating vital implications for financing.

The research aims to explore the impact of various financial innovations on the credit accessibility of SMEs in Edo State.
Descriptive survey research design
Primary data collection through structured questionnaires
Sampled SME owners and managers throughout Edo State
Data analysis using descriptive statistics and Ordinary Least Squares regression
Digital payment platforms positively and significantly enhance credit accessibility for SMEs.
Fintech lending significantly improves access to credit for small businesses.
Agency banking services positively affect credit accessibility, increasing proximity to financial services.
Digital credit information systems show a positive but statistically insignificant effect on credit access.
Financial innovation collectively plays a crucial role in enhancing SME credit accessibility.

Ative et al. (2026) studied this question.

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