This study empirically studied the extent to which micro credit operations can relate with economic growth in Nigeria. The study considered credit delivery and improvement of skills acquisition as predictor variable while poverty alleviation and SME growth were considered measures for our criterion variable. 10 microfinance banks based in Port Harcourt were chosen for the study and from a sample size of 179, 132 copies were useful for data analyses which constitute 74% of copies distributed. The test of hypotheses showed significant relationship existing between our dimensions and measures. The study further recommended government and investors’ conscious approach towards microcredit related activities to help meet future challenges of economic and social development.

KEYWORDS:     Credit delivery, skills acquisition, poverty alleviation, SME growth and Microfinance banks