Savings capacity of the vulnerable groups One of the indicators of economic buoyancy is the savings capacities of the vulnerable

groups. The analyses of the vulnerable groups ability to save are made for the period of before and after micro credit use and the result portrayed by figure 5:10. FIGURE 5:10, SAVINGS CAPACITIES

PERCENTAGE SAVINGS CAPACITY (=N= 000)

None (0) 1 to 50 51 to 100 90 80 70 60 50 40 30 20 10 0 0 12.19 8.54 0 0 34.15 26.83 14.43 24.39 0 4.88 13.41 0 0 1.22 9.15 12.19 79.27 81.71 77.44 101 to 150 151 to > 200

Source: Data analyses 2013 Figure 5:10 shows that the pattern of borrowers saving capacities after micro loans use is different from the other three categories. The borrowers savings capacity after using the micro loans have all gone above the amount of =N=25,000.00 and

moved to fall within =N=26,000.00 to =N=201,000.00. Whereas, the borrowers before, the non-borrowers before and the non-borrowers after portray similar trend of savings capacity where savings capacities within the low range of =N=1,000.00 to =N=25,000.00 remind very high and higher amount savings of =N=51,000.00 to =N=100,000.00 has gone low. Among these three groups savings from =N=101,000.00 and above all remained zero. 5.10. Side Effects of Micro Credit scheme analyses Side effects of the NACRDB micro credit scheme in Borno State were assessed on both the beneficiary and non-beneficiary vulnerable groups. The data obtained are analyzed by figure 5:11. FIGURE 5:11. SIDE EFFECTS OF MICRO CREDIT

SIDE EFFECTS OF MICRO CREDIT %

18 16.64 16 14.41 14 12 10 8 6 4 2 0 7.86 6.69 5.5 5.67 5.99 4.56 5.96 13.51 13.22

Figure 5:11 shows that over-proud by the micro loan borrowers have been the greatest side effects of micro credit impacts. This is followed by too dependence on the micro loan as a development variable. Increased land dispute, corruption and bribery are also significant side effects. The other side effects are moderately adverse, while rubbery cases take the least side effect but the most dangerous among all.

5.11. Free Comments on Micro Credit Scheme Analysis

The vulnerable groups were requested to freely comment on their experiences of micro credit scheme of the NACRDB. Their responses were analyzed in figure 5:12. FIGURE 5:12, COMMENTS ON MICRO CREDIT SCHEME OF NACRDB
FREE COMMENTS ON MICRO CREDIT
Borrowers (%) 18 1.93 16 14 12 10 8 6 4 2 0 Necessary for agric development Promotes non-agric enterprises Improves living conditions of poor confiscates assets of the poor Loan repayments period too short Generates conflicts in the families Promotes rural micro banking Careless on borrower risks 4.22 5.27 14.59 11.77 12.65 7.73 9.84 12.83 7.38 0 8.44 0 2.46 0.53 0.35 Non-borrowers

Source: Data analyses 2013 Figure 5.12 portrays interesting contrast. While large size of borrowers commended micro credit for agricultural development, non-agricultural

enterprises, promotion of rural micro banking and improving living conditions, on the other side larger size of the non-borrowers condemned micro credit for confiscating assets of the poor and generating conflicts in the families. Perhaps that the reason for rationing themselves from participating in the micro credit business