Effect of Credit and Training Facilitation on Financial Control Practices in Women-Owned Enterprises in Nakuru County

Kirui, Chebet Joan

doi:10.9790/487x-180901121125

Cited by 2 publications

(2 citation statements)

References 5 publications

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“…The size of a firm, incorporation status, collateral, bank relationship, and managerial competency are significant predictors of bank credit accessibility. Ndinda Nguli and Odunga (2019) Institutional factors Women-owned firm size positively affects financial inclusion Kivunzi et al (2019) Demand-side and demographic The firm's economic condition, capacity, collateral, firm's size requirements influence credit access Adebayo Oke et al (2019) Institutional Firm age, firm size, incorporation status, and industry are determinants of access to bank finance for SMEs…”

Section: Data Analyzing Methodsmentioning

confidence: 99%

How Do Demand, Supply, and Institutional Factors Influence SME Financial Inclusion: A Developing Country Perspective

2023

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Greater access to finance by SMEs in developing countries is one of the most import powerful strategies to reduce poverty and unemployment issues and promote economic growth. The main objective of this study is to construct financial inclusion index for SMEs and identify the determinants of SMEs’ financial inclusion. The data are collected from the primary survey conducted in Sabaragamuwa province using the Stratified Random sampling method to achieve the abovementioned aims. A sample of 139 SMEs is used to analyze the data from a well-structured questionnaire. Principal Component Analysis (PCA) and Multiple Regression Analysis are applied to construct an index and identifying factors. The study’s findings reveal that the financial inclusion index for SMEs is weighted equally by access and quality of the financial services as the pillars. Further, the financial inclusion of SMEs is mainly determined by demand-side factors (ability to manage economic changes, proffer record keeping, and willingness to expand the business), supply-side factors (collateral requirements and application procedure), institutional factors (ownership type and sector of the firm), and some demographic characteristics of owner-manager of SMEs. The study recommends that the state bankers, commercial bankers, and policymakers should put in place policies that encourage financial service providers to set up their operations close and incorporate innovative approaches to ensure that they adopt technologies and financial services that are more accessible.

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Section: Data Analyzing Methodsmentioning

confidence: 99%

How Do Demand, Supply, and Institutional Factors Influence SME Financial Inclusion: A Developing Country Perspective

2023

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“…Credit Accessibility: Small and medium enterprises' access to external sources of funding depends largely on the development of financial markets, the regulatory environment within which financial institutions operate and their ability to assess, manage and price the risks associated with loan products for SMEs (Kivunzi, Wepukhulu & Opiyo, 2019). The latter functions take place within a particular socio-economic context, which is determined by the historical patterns of financial intermediation (Vuong et al, 2019).…”

Section: Review Of Related Literaturementioning

confidence: 99%

Credit Accessibility and Growth of Small and Medium Enterprises in Bujumbura, Burundi

Delphin,

Awolusi

2023

JEBS

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The purpose of this study was to investigate the effect of credit accessibility on the growth of small and medium enterprises in Bujumbura, Burundi. The study was guided by the following objectives: i) to determine the effect of creditworthiness to credit accessibility on the growth of SMEs in Bujumbura; ii) to establish the effect of business characteristics to credit accessibility on the growth of SMEs in Bujumbura, and iii) to examine the effect of information available to credit accessibility on the growth of SMEs in Bujumbura. The study employed a descriptive survey research design. The target population was 347 and the sample size determined using the Slovenes formula was 186, but 167 respondents participated successfully in the study. The research instrument was a questionnaire and data were analyzed using frequency and percentage tables, mean and standard deviations, and linear and multiple regression analyses. The study found that creditworthiness to access credit had a significant effect on the growth of SMEs (Adjusted R2=0.059, p=0.001). In addition, the study revealed that business characteristics to access credit had a significant effect on the growth of SMEs (Adjusted R2=0.242, p=0.000). Furthermore, the study revealed that information available to access credit had a significant effect on the growth of SMEs (Adjusted R2=0.116, p=0.000). The study concluded that credit accessibility significantly affects the growth of SMEs. Thus, the study recommended that the owners of SMEs should strive to ensure that they have collateral security and proper documentation before they seek credit from financial institutions, SMEs should also form and register an association that is recognizable by law in Burundi. Likewise, the owners of SMEs should seek the support of professional auditors to audit their books of accounts at least every year.

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Effect of Credit and Training Facilitation on Financial Control Practices in Women-Owned Enterprises in Nakuru County

Cited by 2 publications

References 5 publications

How Do Demand, Supply, and Institutional Factors Influence SME Financial Inclusion: A Developing Country Perspective

How Do Demand, Supply, and Institutional Factors Influence SME Financial Inclusion: A Developing Country Perspective

Credit Accessibility and Growth of Small and Medium Enterprises in Bujumbura, Burundi

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