Investigating Impediments to Accessing Finance for Female Micro Entrepreneurs in Awka, Nigeria
Posted: 19 Jun 2015
Date Written: May 13, 2015
Abstract
The contributions of female gender to national development through entrepreneurship cannot be swept under the carpet. Despite these contributions, most of their activities are hampered as a result of certain factors such as lack of adequate capital for start-up and expansion. This survey research therefore examines the factors influencing accessibility of finance by women micro entrepreneurs in Awka, Anambra State and data were gathered through the use of questionnaires. Their responses were analysed using bar charts and simple regression analysis and the result reveals that 57% variation in women entrepreneurship development is explained by finance. Lack of information, bottlenecks involved in accessing loan, high interest charged and stringent repayment terms are found to be statistically significant at 5% level of significance. In line with the results, this study recommends, amongst others, the adoption of gender-sensitive micro credit policies and practices.
Keywords: development, entrepreneurship, finance, micro entrepreneurs, women.
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