Abstract
This study investigates the effect of Thrift and Credit Societies (TCS) on the business growth of microfinance banks within Enugu Metropolis, Enugu State, Nigeria. The research aims to evaluate how TCS membership influences the customer base growth of microfinance institutions and to assess the relationship between daily contributions by TCS members and the financial mobilization of these banks. Using a quantitative approach, the study analyzed data with statistical tools, revealing that TCS members’ accounts significantly impact the growth of the customer base for microfinance banks (R² = 0.942, t = 31.040, p < 0.05). Additionally, a positive correlation was found between TCS daily contributions and the financial mobilization of microfinance banks (r = 0.815, p < 0.05). These findings suggest that TCS play a crucial role in the financial ecosystem by enhancing customer base growth and contributing to the financial resources of microfinance banks. The study provides insights into how microfinance institutions can leverage TCS memberships and contributions to bolster their growth and financial stability.
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