Hire Bidding: A Neo-Micro-Finance Portfolio Investment in “Keke-Napep” Business in Nigeria, Financing the Neo-Micro-Entrepreneurs through Attainable Standard. Accountant’s View
Dr. Omah, I; Dr. Oyende A; Dr. Ashamu O.

Abstract
KEKE NAPEP is a “NAME” GIVEN to a “THREE WHEELER COMMUTER THREE SEATER-CAB-BUS” manufactured in INDIA, used in Nigeria for CITY-TEMPO (Movement). The merchant dealers in this business are mostly in the system of ‘Hire-Purchase Transactions’. Hire Tender Transaction is a system by which a hirer is financially assisted through installment payment in the goods intended to acquire, when his financial stability is insufficient to withstand the absolute ownership possession of the goods. The objective of this paper is to highlight the meritorious advantage of hire bidding as a neo-micro-finance portfolio investment in “Keke Napep business in Nigeria and its limitation, if any, in the supra-system. A theoretical frame-work of literature review of some specific authors were harnessed to absolutely understand the conceptual framework of hire tender transactions. Data analysis was developed through the involvement of some organizations in the business of hire tender transactions. The analysis reveals that hire tender transaction is a mass empowerment, assisting the needy individuals financially to embark on self-support employment by acquiring the property in the goods, making installment payment, which would have been difficult, if the hirer was made to purchase the goods at lump sum payment. The paper highlights an insight to the nature, scope and advantage of hire vendor transaction in Nigeria, by expanding the micro-finance methodology to a wider dimension, creating more job opportunities and enabling environment for micro-businesses.

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