The would-be entrepreneurs are often experiencing problem of sourcing for the initial capital to start a small scale business in Nigeria. Descriptive survey research design was adopted for the study. The population of the study comprised, graduates of Entrepreneurship Development Programme in Ondo State, Nigeria. The sample size of the study was One hundred and eighty (180) respondents selected through a snow - ball sampling technique. The research instrument used was self-developed by the researcher, titled, “Rating scale on a statistical impact assessment of micro-credit agencies on entrepreneurship development in Ondo State, Nigeria”, fashioned on four likert rating scales: Strongly Agreed (SA), Agreed (A), Disagreed (D) and Strongly Disagreed (SD). The research instrument was validated by an expert in Test and Measurement, while the reliability of the research instrument was done through test-retest method and 0.68 coefficient reliability was obtained. The research question was analysed using, descriptive statistics (frequency counts, simple percentages and mean), while inferential statistics (Spearman Correlation Coefficient) was used to analyse the research hypothesis. Based on the findings of the study, conclusion were made that micro-credit agencies have positively influences the development and establishment of small scale business and also assisted the would-be-entrepreneurs to overcome the problem of sourcing for the initial capital to start business. Based on the conclusion, recommendations were made that enough funds should be budgeted to micro- credit agencies. Also, the would-be entrepreneurs should have access to sourcing loan from micro-credit agencies in Ondo State, Nigeria etc.