CHAPTER THREE
METHODOLOGY
The research methodology utilized to carry out the study was detailed in this chapter. It was
outlined as follows: research design, study population, sample size and sampling method,
instrumentation, instrument validity, method of data collecting, and method of data analysis.
3.1 Research Design
The descriptive survey research design was used for this investigation. This approach helped
determine the promotion of women empowerment effect by microfinance banks product (MFBs)
in Ago-Iwoye, Ogun Satate, Nigeria and assess their impact on their performance. According to
research findings on factors relevant to this study, academics have used a variety of research
designs, including case studies, cross-sectional studies, correlation surveys, and descriptive
research designs. A descriptive design is therefore thought to be the most suitable research design
for this subject, given the goals of the current investigation. It is deemed appropriate since it
emphasizes observation and will outline and explain the study's problems.
3.2 AGO-IWOYE
Ago-Iwoye was founded in 1510 and is a traditional town located in Ogun State, Nigeria, within
the Ijebu Kingdom. It was officially named in 1931 thanks to the work of the Agọ-Iwoye
Progress Union. Ago-Iwoye is split into seven strategic sections: Idode, Imere, Isamuro, Ibipe,
Imososi, Igan, and Imosu. Abundant with rich cultural history, Ago-Iwoye has Olabisi Onabanjo
University, the influence of whose presence immensely supports the town's booming population
and cosmopolitan outlook, made up predominantly of students. The town has a host of cultural
celebrations, which advertise its culture and attract visitors within its environs. Ago-Iwoye is
agriculturally driven economically, with the majority of the residents engaged in farming and
business, though the university has helped to increase the service sector. The town highly values
education since there are various primary and secondary schools, in addition to initiatives aimed
at increasing the accessibility and quality of education, further contributing to the town's
development.
3.3 Population of the Study
The population for this study comprised the entire 14,905 women out of approximately 190,000
of the total population in Ago-Iwoye representing 7.8%.
3.4 Sample and Sampling Technique
To choose the residence in Ijebu north, the simple random sampling technique was used. To
ensure their demographic concerns and thus increase reliability, the residence were randomly
chosen from the population. To get the sample size, the researcher employed Taro Yamane's
N
method, which is as follows: n= N/ (1+N (e) 2). n=
1+ N (e) 2
Where:
n= sample size
N = Population
e = level of significance. This study adopts a 5% level of significance.
Operationalizing the formula, the sample size was calculated as:
14,905
n=
1+ 14,905(0.05) 2
14,905
n=
1193.75
n = 150 respondents. + error
Evaluating the Effectiveness of Microfinance Products in Promoting Women's
Empowerment in Ago-Iwoye
3.5 Description of Research Instrument
The Microfinance Products Effectiveness and Women's Empowerment Promotion Questionnaire
(MPEWEPQ) was developed by the researcher to gather data for this study. It consists of 2 tools
that the researcher used for the investigation. The Marketing Strategies Survey Questionnaire, a
16-item survey created by Earvin in 2016, was combined with the Microfinance Banks Product
Questionnaire, a 16-item survey. Two components made up the instrument: section (A) was used
to get demographic data about the respondents; section (B) was used to gather opinions about the
respondents' Microfinance Products Effectiveness and Women's Empowerment Promotion.
3.6 Validation of the Instruments
The validity of the instrument's content was examined. The extent to which a research tool
adequately captures the behavior domain it is intended to measure is referred to as content
validity. The content domain and the kind of work expected from the respondents must be taken
into account to establish content validity. The topic of the study, the problem statement, the
study's aim, the research questions, and the draught structured instrument were all given to the
study's supervisor to assess the instrument's face and content validity. The adjustments were
made to enhance the instrument's face and content validity.
3.7 Method of Data Collection
The researcher delivered the instruments to the samples and then collected them questionnaire.
Within a week, the administration of the tool was completed.
3.8 Method of Data Analysis
The data collected were analyzed using descriptive and linear regression techniques.
3.9 Ethical Considerations
When making decisions for research and defending the rights and welfare of participants, ethical
considerations must be taken into account 2
Informed consent from participants, minimizing potential harm to participants, maintaining data
confidentiality, and debriefing participants following the study are all considered ethical factors
in research, according to the APA Style.Ethical considerations in research are a collection of
rules and principles that must be adhered to in order to ensure that research is carried out in a
way that supports the rights and welfare of the participants and is in line with ethical standards. 1
Prior to being enrolled in the study, informed consent was gained from each responder.
