Academic literature on the topic 'Microfinance, Business Development Services, Micro and Small Enterprise Development'
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Journal articles on the topic "Microfinance, Business Development Services, Micro and Small Enterprise Development"
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Kanake, Martin Guantai, and Dr R. Mahesh. "THE IMPACT ASSESMENT OF THE MICRO FINANCE TO FINANCIAL INCLUSION AND BISUNESS GROWTH: A STUDY OF THE MICRO, SMALL AND MEDIUM ENTERPRISES IN IGEMBE SOUTH (KENYA)." American Journal of Finance 3, no. 1 (April 20, 2018): 1. http://dx.doi.org/10.47672/ajf.323.
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Purpose: The purpose of this study was to assess the impact of microfinance on financial inclusion and business growth in Igembe South District Kenya.Methodology: Descriptive research was used in discovering the research objectives. The research targeted the micro, small and medium sized businesses operating in Maua town (Igembe south District), 2181 of which were registered and licensed. A sample of 280 businesses (12.84% of the population) participated in the study.Results: This study revealed that microfinance institutions played a major role in improving financial inclusion among the small business owners who previous research has shown that they have been traditionally excluded from the formal banking systems. 78% of the respondents had access to the micro finance services while 60% had active microcredit in the preceding 12 months. It was clear that the microfinance institutions were cultivating the culture of saving among the micro entrepreneurs. However, most of the new businesses specifically those less than one year of age minimally benefitted from the micro finance services. It was also noted that default risk among the small businesses remains to be a challenge that micro credit lenders have to overcome for continued services provision. Working capital requirement was the leading reason for borrowing from micro finance institutions by the businesses.Unique contribution to theory, practice and policy: The study found that there was a good complementation between the existing micro finance institutions and the public entrepreneurial programs initiated by the government of Kenya such as Youth Entrepreneurs Development Fund, Women Enterprise Fund, Uwezo Fund and other County governments initiatives. The study recommended that the microfinance institutions should also be included in the distribution channel of these public funds for stronger linkage with the target groups. The MFIs should also utilize Credit Reference Bureau services to reduce the problem of default.
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Farhan Jalil, Muhammad, Azlan Bin Ali, and Zeeshan Zeeshan. "Microfinance services and MSE growth in Pakistan: The mediating perspective of social and psychological capital." Journal of Entrepreneurship, Management and Innovation 18, no. 1 (2022): 93–130. http://dx.doi.org/10.7341/20221814.
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PURPOSE: In the era of globalization and competition in a vigorous market, micro and small enterprises (MSEs) look for sustainable growth by consuming diverse resources. Previous studies have identified that financial services of microfinance are essential drivers for SMEs’ survival. Yet, the feature role of other microfinance services, such as micro-credit, micro-savings, micro-insurance, training, and social networking, to achieve substantial growth of the MSE sector is still lacking, which explains why MSEs make such a small contribution to Pakistan’s economy. Therefore, the main purpose of the research is to consider the impact of microfinance services on the growth of MSEs in Pakistan, as MSEs are the most vulnerable group in the country and throughout the world. Moreover, this study also identified the mediating role of social and psychological capital in enhancing the productivity of microfinance services for MSEs. METHODOLOGY: 770 respondents from metropolitan cities in Pakistan were contacted for the survey, and the response rate was 64%. After screening the data, only 357 questionnaires appeared to be completed in all respects, so they were initially fed into the computer spread and then imported for further analysis. Structured questionnaires were used to collect the data from 357 micro and small enterprises operating in the developing market of Pakistan. Derived hypotheses were verified through Structural Equation Modelling (SEM) using AMOS 21. FINDINGS: The study’s findings revealed that microfinance services have an essential role in promoting MSE growth. Microfinance institutions’ services, such as micro-credit, micro-savings, micro-insurance, and training, play an important role in the development of MSEs. Moreover, social and psychological capital are the crucial factors that partially mediate the relationship between microfinance services and MSE growth in Pakistan. The limitation of this study is the adaptation of a crosssectional design to collect the data. Longitudinal research at different time frames may present diversified results. IMPLICATIONS: The study gives the impression that institutions of microfinance, practitioners, and other policymakers should enhance their perimeter to offer microfinance services and support group-based lending or training to maximize their social and psychological capital, through which MSEs may be able to attain substantial growth. ORIGINALITY/VALUE: This empirical study contributes to the literature on microfinance services and MSE growth by focusing on the mediating effect of social and psychological capital, and providing the foundation for further studies.
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Muljadi, Muljadi. "Peran Lembaga Keuangan Mikro Syari’ah BMT dalam Meningkatkan BUMDES dan Akses Keuangan di Banten." Journal of Government and Civil Society 1, no. 2 (February 22, 2018): 191. http://dx.doi.org/10.31000/jgcs.v1i2.443.
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Potential villages in Banten amounting to 1,273 and need to be empowered, Shari’ah Micro Financial Institution Baitul Maal Wat Tamwil (LKMS BMT) is a microfinance institution syari’ah targeted at people’s economy trying to develop productive businesses and investments with profit-sharing system. The main objective is to improve the economic quality of micro and small entrepreneurs, as part of efforts to alleviate poverty. Village Owned Enterprises (BUMDes) is a business entity which is completely or partially owned by the Village through direct participation derived from the wealth of the Village separated to manage assets, services and other businesses for the greatest benefit of the small town community. Potential BUMDes will be more prospective when synergized with Shari’ah microfinance institutions Baitul Maal Wat Tamwil (LKMS BMT). This syari’ah financial institution proved able to adapt with the village community. The concept of SDSB, one village one BMT. To achieve this it is necessary to have 5 pillars in support of the process, fostering behavior, fostering brotherhood, building synergy, building funds and market development, and excellent products.Keyword: Village, Shari’ah Micro Financial Institution, Village Owned Enterprises (BUMDes),
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Afoukane, Meryem, Wiwik Utami, and Lucky Nugroho. "Assessing The Adaptability of Islamic Microfinance Loans to The Needs of Small Enterprises in Indonesia." Journal of Islamic Economics and Social Science (JIESS) 2, no. 1 (November 6, 2021): 9. http://dx.doi.org/10.22441/jiess.2021.v2i1.002.
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Islamic microfinance aims to offer alternative financial products and services to the Muslim population through developing innovative microfinance services and products based on Islamic finance principles. Two main Islamic financing methods are used in Islamic microfinance: financings based on profit and loss sharing principle and financings using mark-up. The Muslim population represents more than 23% of the world population. A large part of this population is living with income below the poverty line. According to the Islamic Development Bank (2008), more than 500 million poor (with income below USD 1.25 per day) live in the five largest Muslim-majority countries (Indonesia, Bangladesh, Pakistan, Nigeria, and Egypt). Despite the enormous potential market for Islamic microfinance, Islamic Microfinance Institutions serve only 1.28 million clients, representing only 1% of the total outreach of microfinance. One possible explanation for this low outreach is that the products offered by Islamic microfinance institutions may not be well adapted to the needs of the customers. Therefore, this research aims to examine customers’ satisfaction with Islamic loans. Moreover, the study aimed to identify the loan’s selection criteria, and the areas of improvement, from the customers' perspective. This study focused on small businesses since micro-entrepreneurs have specific needs related to their businesses that differ from the other customers’ needs. The study was conducted in the context of Bank Syariah Mandiri, one of the largest Indonesian Islamic commercial banks. The study proceeded in two steps. The first step was to investigate the relevant literature on Islamic microfinance and customers’ satisfaction in the Islamic microfinance sector. The second step was collecting primary data among the customers of the micro Banking Division of Bank Syariah Mandiri. The literature review on Islamic microfinance revealed a lack of understanding of customers’ attitudes, perceptions, and preferences. Therefore, this study aimed to provide a modest contribution to the field. The survey questionnaire was used to collect primary data, and a random sampling method was used to select the participants for the survey. One hundred questionnaires were distributed to the customers who owned a micro business and had an outstanding loan balance with Bank Syariah Mandiri at the time of the survey. Descriptive and inferential statistics were used to analyze the data. The Statistical Package for Social Science (SPSS) Version 22.0 was used to generate the statistical analysis. The response rate was 100% since questionnaires were distributed to the respondents at their house or business location. The study revealed that most respondents were satisfied with the credit and its features (loan size, cost, collateral requirements, time to process the application, and application form). The credit served their business and helped them improve their sales and incomes. In addition, the study showed that the essential criteria in selecting a credit were the cost, Syariah compliance, and the process easiness. An essential finding of this study was that the religious character of the Islamic Microfinance Institution was not of great importance when selecting a microfinance institution; however, it becomes a significant concern when selecting a credit. This finding suggests the importance of enhancing Syariah compliant product innovation to increase customers’ satisfaction
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Tambunan, Tulus. "The Importance of Microfinance for Development of MSMEs in ASEAN: Evidence from Indonesia." JAS (Journal of ASEAN Studies) 2, no. 2 (December 20, 2014): 80. http://dx.doi.org/10.21512/jas.v2i2.298.
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Despite studies on microfinance (MF) or development of microfinance institutions (MFIs) in Asia developing countries, including countries as member states of the Association of Southeast Asian Nation (ASEAN), are growing, not so much attention have been given to the role of MF in financing micro, small and medium enterprises (MSMEs). Based on a key literature study and analysis of secondary/national data, the main aim of this study is to fill this gap. It shows that in many ASEAN member states (AMS) MF has developed to some significant degree, although the rate of growth (e.g. number of MFIs, number of depositors and debtors, total loans allocated, etc.) as well as the market structure of MF vary across member states. From the Indonesian case this study comes with two most interesting facts. First, majority of MSMEs do not have access to credit from banks and/or other formal non-bank financial institutions. Second, MF services or MFIs are growing fast, and the most popular MF program so far is Kredit Usaha Rakyat (KUR), or people business credit (i.e. a credit scheme without collateral), introduced during the SBY period.
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Koti, Kundai, and Florah Sewela Modiba. "The role of microfinance institutions in enhancing the sustainability of women-owned SMMES." Investment Management and Financial Innovations 19, no. 2 (July 1, 2022): 306–19. http://dx.doi.org/10.21511/imfi.19(2).2022.27.
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Microfinance plays a catalytic role in the sustainability of small, micro, and medium enterprises (SMMEs). Given the prevailing failure rate of SMMEs in South Africa, a holistic view of microfinance institutions (MFIs) regarding microfinance is essential. This paper explores how MFIs enhance women-owned SMMEs’ sustainability in the Gqeberha area focusing on three MFIs subsidized by the South African government in Nelson Mandela Bay municipality. Systems theory was used to explore areas that MFIs should focus on to enhance the sustainability of women-owned SMMEs. A qualitative case study using semi-structured interviews and open-ended questionnaires was employed. The research sample was drawn from three public MFIs in Gqeberha and 21 women-owned SMMEs who are beneficiaries of the MFIs. Coding and thematic analysis were used for data analysis. MFIs encounter challenges in adequately servicing women-owned SMMEs. A mismatch was identified in the provision and demand of microfinance services due to limited funding for MFIs. The non-financial support essential to keeping SMMEs afloat does not meet the needs of women-owned businesses. The microfinance services provided by MFIs play a significant role in supporting SMMEs to achieve sustainability. However, there is a need for a complementary service that should offer sector-specific business support because current services provided by the MFIs are generic, and SMMEs need sector-specific assistance. AcknowledgmentsOur special thanks go to the Department of Development Studies and Nelson Mandela University for the support that contributed to the success of this manuscript. We also acknowledge Dr. Ruth Albertyn for her technical and editorial support.
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Mujiono, Mujiono. "EKSISTENSI LEMBAGA KEUANGAN MIKRO DAN DAMPAKNYA TERHADAP SOSIAL EKONOMI MASYARAKAT KABUPATEN BENGKALIS." Inovbiz: Jurnal Inovasi Bisnis 4, no. 2 (December 1, 2016): 156. http://dx.doi.org/10.35314/inovbiz.v4i2.78.
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Abstract: The existence of microfinance institutions in rural areas plays strategic roles to boost the community socioeconomic development. Microfinance Institution of Rural Economic Enterprises- Savings and Loans (LKM UED-SP) of Bengkalis Regency, until 2016, has been able to develop both cumulative and current year loans volume. The development has also occurred on the poor household loans which continuously increasing every year. The numbers of debtors according to genders have shown a positive development. The average of male debtors were 28,283 people with the ratio average of 66.20% , female debtors were 14, 517 people with the ratio average of 33.80%. In addition, 538 of the debtors were from poor families with the ratio average of 1.28%. Among the business sectors, the debtors including several sectors such as trading, agriculture, plantation, fishery, animal husbandry, small industries and services: with the highest sectors nominated by plantation of 51.96%, trading of 30.77% and service sector of 6.28% - while the other sectors were below 5%. The government capital ratio was in average of 93.72% and from the current year profit of 6.28%. The number of female staff developed in average of 204 people each year. The development on productive business loans was in average of 57.72% and poor household loans of about 32.79%. The staff’s productivity was about 105 people per staff with the average loan volume of Rp. 1.344.881.683,-. The average of staff’s incentive reached Rp. 1.173.720.029,- with the ratio of Rp. 2.558.789,- per staff. Keywords: Micro Finance and Social Performance
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Bongomin, George Okello Candiya, Atsede Woldie, and Aziz Wakibi. "Microfinance accessibility, social cohesion and survival of women MSMEs in post-war communities in sub-Saharan Africa: Lessons from Northern Uganda." Journal of Small Business and Enterprise Development 27, no. 5 (June 30, 2020): 749–74. http://dx.doi.org/10.1108/jsbed-12-2018-0383.
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PurposeGlobally, women have been recognized as key contributors toward livelihood and poverty eradication, especially in developing countries in sub-Saharan Africa. This is due to their great involvement and participation in micro small and medium enterprises (MSMEs) that create employment and ultimately economic growth and development. Thus, the main purpose of this study is to establish the mediating role of social cohesion in the relationship between microfinance accessibility and survival of women MSMEs in post-war communities in sub-Saharan Africa, especially in Northern Uganda where physical collateral were destroyed by war.Design/methodology/approachThe data for this study were collected using a pre-tested semi-structured questionnaire from 395 women MSMEs who are clients of microfinance institutions in post-war communities in Northern Uganda, which suffered from the 20 years' Lord Resistance Army (LRA) insurgency. The Analysis of Moment Structures (AMOS) software was used to analyze the data and the measurement and structural equation models were constructed to test for the mediating role of social cohesion in the relationship between microfinance accessibility and survival of women MSMEs in post-war communities.FindingsThe results revealed that social cohesion significantly and positively mediate the relationship between microfinance accessibility and survival of women MSMEs in post-war communities in Northern Uganda. The results suggest that the presence of social cohesion as a social collateral promotes microfinance accessibility by 14.6% to boost survival of women MSMEs in post-war communities where physical collateral were destroyed by war amidst lack of property rights among women. Similarly, the results indicated that social cohesion has a significant influence on survival of women MSMEs in post-war communities in Northern Uganda. Moreover, when combined together, the effect of microfinance accessibility and social cohesion exhibit greater contribution towards survival of women MSMEs in post-war communities in Northern Uganda. Indeed, social cohesion provides the social safety net (social protection) through which women can access business loans from microfinance institutions for survival and growth of their businesses.Research limitations/implicationsThis study concentrated mainly on women MSMEs located in post-war communities in developing countries in sub-Saharan Africa with a specific focus on Northern Uganda. Women MSMEs located in other regions in Uganda were not sampled in this study. Besides, the study focused only on the microfinance industry as a major source of business finance. It ignored the other financial institutions like commercial banks that equally provide access to financial services to micro-entrepreneurs.Practical implicationsThe governments in developing countries, especially in sub-Saharan Africa where there have been wars should waive-off the registration and licensing fees for grass-root associations because such social associations may act as social protection tools through which women can borrow from financial institutions like the microfinance institutions. The social groups can provide social collateral to women to replace physical collateral required by microfinance institutions in lending. Similarly, the governments, development agencies, and advocates of post-war reconstruction programs in developing countries where there have been wars, especially in sub-Saharan Africa should initiate the provision of group business loans through the existing social women associations. This may offer social protection in terms of social collateral in the absence of physical collateral required by the microfinance institutions in lending. This may be achieved through partnership with the existing microfinance institutions operating in rural areas in post-war communities in developing countries. Additionally, advocates of post-war recovery programs should work with the existing microfinance institutions to design financial products that suit the economic conditions and situations of the women MSMEs in post-war communities. The financial products should meet the business needs of the women MSMEs taking into consideration their ability to fulfil the terms and conditions of use.Originality/valueThis study revisits the role of microfinance accessibility in stimulating survival of women MSMEs as an engine for economic growth in the presence of social cohesion, especially in post-war communities in sub-Saharan Africa where physical collateral were destroyed by war. It reveals the significant role of social cohesion as a social protection tool and safety net, which contributes to economic outcomes in the absence of physical collateral and property rights among women MSMEs borrowers, especially in post-war communities.
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Ranabhat, Deepesh, and Bharat Ram Dhungana. "Micro-credit for the Small Enterprises Development: A Case of Kaski District, Nepal." Prithvi Academic Journal 4 (May 12, 2021): 27–38. http://dx.doi.org/10.3126/paj.v4i0.37007.
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The aim of this paper is to examine the impact of micro-credit on the small or micro-enterprises development with reference to Kaski district of Nepal. The descriptive and analytical research design is used and the research is based on the primary sources of data collected through structured questionnaires. During the study, the researchers selected 170 respondents, who were involved in the micro-credit programme in the last five or more years in the microfinance institutions, using the purposive sampling technique. The study finds that the majority of the clients are involved in agriculture and livestock and the rest are involved in the micro-business and enterprises related to service industry (such as tailoring, beauty parlor, hotel or restaurant), trade or business and small-scale manufacturing sectors. Micro-credit has a positive correlation with initial investment, revenue generation, employment generation, expansion of business and profit generation. The study also finds that micro-credit has encouraged clients to engage in the micro-business and enterprise development activities. The study recommends that it is necessary to adopt an effective utilization policy of micro-credit that may benefit both microfinance institutions for its sustainability and clients for their living standard improvement.
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Vishnyakov, I. P. "THE ROLE OF MICROFINANCE IN ADDRESSING FINANCIAL SERVICES." Scientific bulletin of the Southern Institute of Management, no. 1 (March 30, 2017): 4–9. http://dx.doi.org/10.31775/2305-3100-2017-1-4-9.
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The Article is devoted to present the problem of microlending to small businesses. Microfinance encourages self-employment of the population and the development of domestic small and micro business.based on the methods of analysis, synthesis, generalization and scientific abstraction, we can conclude that domestic MFIs begin to perform the function of satisfaction in the financial services population, small and micro enterprises in terms when these subjects of the economy are unavailable or inaccessible services of credit institutions (both banks and non-Bank credit institutions). Despite the positive impact of MFIs on the domestic economy, their activities could be more effective. Currently, MFIs are not able to fully Udo-uletaite the demand for financial services, including due to the low resource base of the MFIs. Independently MFI can solve this problem at the expense of increase of tariffs for the services rendered that would affect the availability of their services and in result will prevent the solution of the problem of expanding the range of potential customers of financial services. In the interests of further development of MFIs of expanding access to financial services is proposed to develop measures for a substantial increase in the resource base of MFIs, providing them with available funding.
Dissertations / Theses on the topic "Microfinance, Business Development Services, Micro and Small Enterprise Development"
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Almobayyed, Mona. "Micro-enterprise for Women in Guatemala." University of Cincinnati / OhioLINK, 2012. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1342716328.
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Musyoki, Nzilu. "Microfinance and Business Development Service Linkages: Synergies for Micro and Small Enterprise Development in Kenya." Phd thesis, 2010. http://hdl.handle.net/1885/49428.
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Microfinance, the delivery of microcredit to low income people, is a popular development approach among governments in both the developing and developed world. The approach encourages mainly the poor to pursue self-employment by creating micro and small enterprises. Most microfinance institutions, the main providers of microcredit in developing countries, are seemingly taking a minimalist approach in their operations. Against this background it is feared that provision of business development services (BDS) to owner managers of micro and small enterprises is likely to be reduced or neglected. Previous attempts to evaluate the association of microfinance practices with the performance of poor people's micro and small enterprises have resulted in mixed results with little theoretical underpinning. Within the context of the current poverty reduction discourse, this study investigates the association of microcredit and concurrent provision of business development services with micro and small enterprise performance in a developing country. The key question investigated is whether, given access to microcredit, there is a difference in owner-managers' self-assessed performance of their micro and small enterprises contingent on receipt of business development services. This thesis employs two relational conceptions, Pierre Bourdieu's (1977) critical theory on practice and neoinstitutionalism (see Scott, 2008), to isolate and situate the contending logics in the field of microfinance within the anti-poverty discourse. In so doing the thesis provides insights on the existence and nature of forces behind practice variations in the field of microfinance, notwithstanding the claim of poverty alleviation as being the underlying mission. Further, the thesis uses a Q-Squared approach to analyse the views of stakeholders. Stakeholders include micro and small enterprise owner-managers as users of either or both business development services and microcredit. With regard to the primary hypothesis - whether there is a difference in owner-managers' self-assessed performance of their enterprises contingent on their use of both business development services and microcredit - the findings are in the affirmative. Compared to their counterparts who use either or neither business development services or microcredit, perceptions of micro and small enterprise owner-managers in receipt of both business development services and microcredit with respect to the performance of their enterprises are generally higher. The findings indicate that, in general, micro and small enterprise owner-managers in receipt of business development services report skill development as the main benefit accruing. Additionally, for owner-managers of micro and small enterprises who report satisfaction with the delivery of business development services, most record higher scores on self-rated performance of their enterprises. Further micro and small enterprise owner-managers raise concerns that current microcredit terms are not only stringent, but also constrain the operations of their businesses. However in general most micro and small enterprise owner-managers in receipt of microcredit perceive that this access improves the performance of their enterprises. In terms of the theoretical frameworks underpinning this thesis, these results mean that from a Bourdieusian perspective, MSEs belonging to owner managers who concurrently have access to both economic and cultural capital appear to enjoy a synergistic benefit compared to MSEs belonging to owner managers with access to economic capital alone. Further, it appears that combined provision of cultural and economic capital is likely to lead to better perceived MSE performance than supply of cultural capital on its own. However MSE owner managers with exclusive access to cultural capital (BDS) compared to their counterparts with exclusive access to economic capital (microcredit), are likely to report higher performance for their enterprises. From a Bourdieusian point of view, it could be argued that access to cultural capital (BDS) enables MSE owners to acquire the necessary management skills that can enhance their habitus and consequently enlighten their decision making.ANU - ANCAAR
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Sapa, Amarech Bekalo. "The impact of microfinance in the development of micro and small enterprise owned by women in Addis Ababa, Ethiopia." Thesis, 2018. http://hdl.handle.net/10500/26019.
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Poor people benefit from microfinance and positively improve their poverty and socio-economic conditions. Microfinance support serves as development tool to redress the exclusion of the poor from the development process and outcomes in the mainstream intervention frameworks. As developing countries and poverty context are diverse and contextual, comprehensive knowledge about and empirical evidence on the impact of microfinance is scant. Specifically, the impact of microfinance services on the development of micro and small enterprises (MSEs) owned by women is scant. The findings of available studies and policy practice reports on microfinance in Ethiopia are not holistic in terms of a theoretical lens and methodological pluralism. Available studies do not consider the impact of microfinance and non-financial services on women-owned MSEs at household, individual and enterprise levels thereby reducing the poverty context and holistic empowerment at these levels. This study used multiple theoretical and conceptual frameworks: Hulme’s (2000, p. 79 - 81) microfinance impact assessment tool, debates on survivalist and growth-orientation perspectives of MSEs (Harvie, 2003, p. 27; Snodgrass & Biggs, 1996, p. 43; Hallberg, 2001, p. 19; Nichter & Goldmark, 2005, p. 67), women empowerment continuum model of interpretation (Filmon, 2009, p. 87) and policy practice at the epicenter of governance and policy decision-making (Addis Ababa, Ethiopia’s capital). The assessment considered three elements of microfinance impact assessment, generating primary evidence from 120 micro and small business owners (women entrepreneurs) whose firms stayed two years and above in the market and as clients of selected microfinance institutions. The clients considered were those who accessed at least two loan cycles and above. The respondents were randomly selected from three randomly selected microfinance institutions and a survey questionnaire was administered. The data sets were analysed using multiple tests (non-parametric statistical tests such as Pearson Correlation, Paired-Sample, Chi-Square, Wilcoxon Rank and McNemar tests) as well as parametric tests were conducted using logit econometric model. These tests were conducted to determine statistical difference of microfinance services after program intervention and the contribution of total loans taken on expenditure and businesses investment. The results indicated both developmental or survivalist firms. The result also indicated the empowerment of the women (MSEs owners). A significant number of women entrepreneurs owning MSEs improved their living house, cash savings, household income, child education, household health, household food and diet, business investment, and decision making status in their households. In terms of policy support, the study identified that there were specific affirmative interventions (as stipulated in the policy documents) to support women entrepreneurs owning MSEs in terms of targeted financial service, provision of working and selling premises, designing and implementing training and skill development programs, market networking and tax support on their products and sales. The study recommends that different institutions that work on women empowerment and women associations have to design women focused affirmative policy and strategy interventions to scale-up the positive results (growth-orientation of the MSEs) and address the bottlenecks that limit women entrepreneurs who own MSEs from accessing services that can transform the survivalist MSEs to profitable and empowering businesses for women. The recommendations are proposed to link women empowerment with working policy support.Development Studies
D. Ph. (Development Studies)
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Philip, Teresa Kate. "Enterprise development on the margins : Making markets work for the poor?" Thesis, 2008. http://hdl.handle.net/10539/5690.
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This thesis is about the quest to build effective strategies to support the development of enterprise on the margins of the economy, to create jobs and reduce poverty. A core part of this challenge includes grappling with the role of markets in development, and of markets as a critical part of the context in which enterprise development in rural and peri-urban areas can either provide a path out of poverty – or instead serve to lock people into poverty.
The thesis explores these issues by tracking the experience of the Mineworkers Development Agency (MDA) as it attempted to grapple with this challenge. MDA is the development wing of South Africa’s National Union of Mineworkers (NUM) , and was set up to create jobs and support enterprise development for communities affected by the loss of jobs on the mines. The thesis covers a fourteen-year period in MDA’s history, from its inception in 1988 until 2002. It tracks the learning process across several phases in the development of MDA’s approach. These included the development of worker co-operatives, the establishment of business service centres, value-chain work in the craft sector, and the commercialization of a juice product from the indigenous marula berry.
In the process, MDA engaged with an emergent paradigm in the development sector called ‘Making Markets Work for the Poor’. Can markets really be made to work for the poor? Or even just made to work ‘better’ for the poor? Or is the process of inclusion in markets inexorably and inevitably one of making the poor work for markets?
The thesis explores these issues in the context of MDA’s experience, locating this within a wider set of theoretical concerns over the role of markets in society, and the ways in which societies have protected themselves from the negative impacts of the development of market economies. It draws on wider political economy approaches to argue that markets are institutions that are socially constructed, and explores what scope there might therefore be to construct them differently.
While recognising the importance of social protection, the thesis argues that there is a need to go beyond defensive strategies aimed at protecting society from markets, to identify new terms of engagement within markets to shape markets, and to harness their wealth-creating potential in ways that have different distributional consequences, as part of a long-term agenda of eradicating poverty.
Books on the topic "Microfinance, Business Development Services, Micro and Small Enterprise Development"
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Promoting small and micro enterprise in Haiti: Hearing before the Subcommittee on International Monetary Policy and Trade of the Committee on Financial Services, U.S. House of Representatives, One Hundred Eleventh Congress, second session, April 28, 2010. Washington: U.S. G.P.O., 2010.
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Cochin, India) International Convention on Micro finance and Sustainable Enterprise Development (2005. International Convention on Micro finance and Sustainable Enterprise Development: A report. Cochin: Institute of Small Enterprises and Development, 2006.
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Barbera, Filippo, Roberto Paladini, and Marco Vedovato. Venice Original E-commerce dell’artigianato artistico e tradizionale veneziano. Venice: Fondazione Università Ca’ Foscari, 2022. http://dx.doi.org/10.30687/978-88-6969-615-2.
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In the last few years, many researchers have highlighted the economic and cultural impact that crafts have on the development of territories, enhancing local identities and traditions. Various researches also point to the close relationship between trade (sometimes called ‘neighbourhood’ trade), crafts and historic centres, in terms of quality of life, and socio-economic and identity development of territories, showing their new centrality to processes of urban development and regeneration and the formation of social capital. It is evident how enterprise contributes to local development through social interactions based on negotiated and open collaborations between microenterprises, community and network. It was well argued how small business (commerce, crafts and neighbourhood stores) has always played an important role as a social garrison in sparsely populated areas, allowing cities and particularly urban centres to become more lively or livable, being able to give or take away quality from the city and the territory, attributing peculiarity, security and specificity to places or trivialising them in a homogenised landscape. Among the services of social utility recognised to the artisan workshop are: the guarantee of services useful to the livability of the place, the garrisoning of territories and the development of social relations, the promotion of local identity and its know-how, and the creation of employment opportunities through modest initial availability of capital. At the same time, the worsening recessionary dynamics that have occurred in the global economy over the past two decades and the disruptive digital transition have exposed such enterprises to increasing difficulties, disruptively accentuating the decline in competitiveness and propensity to innovate of a large proportion of craft SMEs, of which the socioeconomic literature does not see significant adaptations to the changed environment, such as reconfiguring the business model, adopting a totally new strategic plan adapting to the digital transition, generational transition, and adopting innovative organisational or system behaviours. This volume presents the Venice Original E-Commerce case – a project carried out by the Venice Metropolitan CNA thanks to the support of J.P. Morgan, the support of the Venice Rovigo Chamber of Commerce and the sponsorship of the City of Venice and Ca’ Foscari University of Venice – as a reference project intervention to focus on a possible model of intervention to support culturally-valued artisan micro-enterprises, intervening on the process of strategic renewal and the conditions to foster generational turnover, understood as an opportunity to fill the gap on the digitisation of the artisan sector.
Book chapters on the topic "Microfinance, Business Development Services, Micro and Small Enterprise Development"
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Mikkelsen, Lene. "20. Marketing micro and small enterprise in Latin America." In Business Development Services, 267–78. Rugby, Warwickshire, United Kingdom: Practical Action Publishing, 2000. http://dx.doi.org/10.3362/9781780442808.020.
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Ayopo, Babajide Abiola, Lawal Adedoyin Isola, Taiwo Joseph Niyan, and Akinjare Victoria Bosede. "Microfinance and Entrepreneurship in Nigeria." In Microfinance and Its Impact on Entrepreneurial Development, Sustainability, and Inclusive Growth, 65–84. IGI Global, 2018. http://dx.doi.org/10.4018/978-1-5225-5213-0.ch004.
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Microfinance banks were established to provide diversified, affordable, and dependable financial services to the active poor that would enable them to undertake and develop long-term, sustainable entrepreneurial activities to create employment opportunities, increase their productivity, and thereby increase household's income and standard of living. This chapter employed ordinary least square and vector error correction estimation techniques to establish the contribution and long-run relationship of microfinance to entrepreneurship development in Nigeria for the period 1992-2015. The result shows that a positive significant relationship exists between microfinance gross loan portfolio, total deposit liability, and entrepreneurship proxied by number of newly registered business, while a negative significant relationship exists between microfinance bank asset and entrepreneurship. This therefore suggests that availability of loanable funds for micro and small-scale enterprises provided significant support for entrepreneurship development in Nigeria. The result also shows that a long-run relationship exists between microfinance variables and entrepreneurship in Nigeria. The study therefore recommends that microfinance banks should improve on the quality of their asset by reducing non-performing loans.
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Barman, Bhajan Chandra. "Microfinance, Rural Women Entrepreneurs and Sustainable Development." In Sustainable Entrepreneurship, 11–16. LINCOLN UNIVERSITY MALAYSIA, 2022. http://dx.doi.org/10.31674/book.2022se.002.
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It is undeniable that the emergence of microfinance programme in India in the late 1990s led to a significant portion of rural poor women being able to link with banking services today. As SHG members, poor women now have access to bank deposits and loans. At present, more than 8 crore women are linked with microfinance institutions in India, and a total credit flow of Rs 17,342 crore has been generated within SHGs. Microfinance has a considerable role in encouraging women entrepreneurs to start small businesses in rural areas. In addition to farming and housework, rural poor women are now running small businesses. They work in a broad range of micro-enterprises, including baking, dairy farming, poultry farming, etc. Their contributions include an increase in family income, raising household savings, empowering women, reducing poverty, investing in children's health and education, housing, clean water, improved sanitation, creating new jobs, increasing GDP, and so on. In this way, women entrepreneurs have a great role in positive social change. Thus, the development of the country through rural poor women entrepreneurs is not just a temporary development, it is a sustainable development.
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Adewusi, Adedeji Oluwaseun. "SME Micro-Financing and Business Growth in Rural Nigeria." In Research Anthology on Microfinance Services and Roles in Social Progress, 512–26. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-7552-2.ch028.
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Despite the critical nature of SMEs to the prosperity of less developed countries, evidence has shown that small businesses in Nigeria have not made a significant contribution to the nation's economic growth and development due to finance-related issues. This chapter, identifies the social determinants of microfinance loan accessibility; examines SME owner satisfaction with existing microfinance institutions loan requirements; investigates the relationship between microfinance and perceived business growth; and documents the challenges facing rural SME owners in accessing business loans in microfinance banks. By adopting non-probability sampling techniques, 262 identical questionnaires and 21 in-depth interviews were used to compile data from the study subjects. The data was quantitatively and qualitatively analyzed. The findings of this chapter informs the reader about the direction for further research into interventionist programmes for SMEs in Nigeria.
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Md Saad, Norma, Mustafa Omar Mohammad, and Mohammed Aslam Haneef. "Empowering Community Through Entrepreneurship Training and Islamic Micro-Financing." In Research Anthology on Microfinance Services and Roles in Social Progress, 251–67. IGI Global, 2022. http://dx.doi.org/10.4018/978-1-6684-7552-2.ch014.
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Community economic development is a relatively new strategy employed to increase employment, income, and entrepreneurship activities in small town and communities. The Centre for Islamic Economics, International Islamic University Malaysia (IIUM) has initiated a smart partnership with CIMB Islamic Bank to offer entrepreneurship training and Islamic microfinance facility to the poor in Malaysia. This project adopts several modes of Islamic microfinance financing instruments which include equity-based and debt-based financing. The program aims to educate the communities surrounding the IIUM campus with entrepreneurship knowledge and skill in addition to giving Shariah-compliant micro-financing facility for them to implement their business ideas. CIMB Islamic, which is the main partner for this project, provides funds for Islamic microfinance facilities and IIUM contributes expertise in providing entrepreneurship trainings to the communities located near IIUM campus. It is hoped that this smart partnership would empower the surrounding communities and create more successful entrepreneurs.
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Suleiman, Mustapha Shitu. "Microfinance Banks and their Impact on Small and Medium Scale Industries for Economic Growth." In Green Technology Applications for Enterprise and Academic Innovation, 48–64. IGI Global, 2014. http://dx.doi.org/10.4018/978-1-4666-5166-1.ch004.
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The contribution of Small and Medium Scale Enterprises (SMEs) has been recognized as the main sustenance of an economy because of their capacity in enhancing economic growth and development. SMEs have been lacking access to relatively cheap and effective source of finance, which has been identified as the major factor hindering their contribution to economic growth; however, the advent of microfinance banks has brought a great relief to the sector through their sound, effective, and efficient micro-financing credit facilities. This chapter is survey-based, using primary source to gather data through questionnaire, while the chi-square was used to test the formulated hypotheses. The research found that MFBs have a positive impact on SMEs, which led to economic growth through business expansion and employment creation. The research recommends that there is need to sustain the developmental polices introduced by the government such as the SURE-P programme. In addition, government and multinational companies need to provide basic infrastructure and other alternatives for accessing funds by the SMEs to ensure sustainability of start-up businesses.
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Lopes, Filomena Castro, M. Paula Morais, and Peter Sasvari. "Comparative Analysis on the Usage of Business Information Systems among Portuguese and Hungarian Small and Medium-Sized Enterprises." In Advances in Business Information Systems and Analytics, 265–96. IGI Global, 2014. http://dx.doi.org/10.4018/978-1-4666-5970-4.ch013.
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It has become obvious that corporate management, administration, planning, cash flow, and other business activities could hardly function without information technology in the organization of society. Relationships between human activities and the people themselves are reliant more and more broadly on electronic devices. In terms of using information technology devices and services, the development of enterprises are significantly different in the European Union. This has led to a strong and significant relationship with the added value created by micro, small-, and medium-sized enterprises. In order to meet the needs of corporations, enterprise resource planning and integrated management systems have evolved and have become more and more widespread among small- and medium-sized enterprises as well. Although Portugal in the group of Southern European countries and Hungary in the group of Eastern European countries lag behind the other countries belonging to their group, it turns out that in terms of using and intending to use business information systems, Portuguese enterprises are more advanced in the categories of small- and medium-sized enterprises. This chapter explores this.
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Ortuzar, Guillermo Burr, Elena Mora Sevillano, Claudio Loyola Castro, and Catalina Uribe. "Challenges in Chilean E-Procurement System." In Advances in Electronic Government, Digital Divide, and Regional Development, 170–202. IGI Global, 2017. http://dx.doi.org/10.4018/978-1-5225-2203-4.ch008.
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ChileCompra (CC) is the procurement authority of Chile. Purchases are made independently by the public entities, but CC is responsible for market regulation and management of the electronic platform, where transactions are made. ChileCompra was launched on 2003, within a deep State modernization process which started by the end of the 90s. ChileCompra was born with the mission of generating a substantial change in public procurement, as the previous system was neither responding to market needs nor to the accountability which citizens demanded. The objective was the creation of a transparent, efficient, and – most of all - accessible system, which would create equal business opportunities to companies of all sizes, especially for micro and small ones. ChileCompra manages the public procurement market, facilitating the acquisition of goods and services for public authorities; with high levels of transparency and equal opportunities for every enterprise, especially the smallest ones. Through the electronic platform www.mercadopublico.cl – which is the biggest electronic marketplace in the country – public organizations are connected to suppliers within a transparent and efficient system based on a solid regulatory framework whose governing principles are universality, accessibility, and non-discrimination. ChileCompra is currently a strong system, with high levels of transparency and efficiency. As other public procurement national systems, ChileCompra is now facing second generation challenges, like the strengthening of the public procurement role in the socio economic national development. This chapter focuses on the evolution of the Chilean public procurement system, lessons learned and challenges, and the conditions to make it a complete electronic procurement process.
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Otabor-Olubor, Iyare. "The Evolution of the AU Private Business Structure." In The Emergent African Union Law, 107–29. Oxford University Press, 2021. http://dx.doi.org/10.1093/oso/9780198862154.003.0007.
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To facilitate the implementation of the African Continental Free Trade Agreement (AfCFTA), and the implementation of the Convention on Cross-border Cooperation (Niamey Convention), harmonization of private business structures in the African Union (AU) should be prioritized. This analysis considers whether it is feasible for Africa to achieve continental harmonization of private business registration procedures in line with existing AU regulations. The current challenges in harmonizing business registration include the difficulty of doing business, the number of processes involved in registering a business, type of processes required, and involvement of third-party professionals. Eight jurisdictions in Sub-Saharan Africa and the MENA region are compared, based on recent secondary data from the World Bank Doing Business 2020 report. The discussion proceeds to explore reform initiatives of UNCITRAL Working Group I on Micro, Small and Medium-sized Enterprise reforms regarding its Draft Model Law, Draft Legislative Guide, and Best Practices in Business Registration. In conclusion, a tailor-made Business Registration Agreement under AU law to harmonize private business registration procedures for African businesses is recommended. The Business Registration Agreement, following the recommendations of the Niamey Convention 2014 and the AfCFTA Trade in Services Protocol, will serve as a driving force for Africa to achieve Agenda 2063 vision of inclusive economic growth and development.
Conference papers on the topic "Microfinance, Business Development Services, Micro and Small Enterprise Development"
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Camara, S., and W. D. Olanipekun. "The Rhetoric of Microfinance Bank Services and Performance of Small and Medium Scale Enterprises in the Gambia." In 28th iSTEAMS Multidisciplinary Research Conference AIUWA The Gambia. Society for Multidisciplinary and Advanced Research Techniques - Creative Research Publishers, 2021. http://dx.doi.org/10.22624/aims/isteams-2021/v28n3p2.
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Small and Medium Scale Enterprises (SMEs) in developing countries especially in the Gambia are confronted with several drawbacks and challenges, principal which is lack of access to capital. They have not been able to perform the expected vital role in bringing about economic growth and development. The main aim of most small scale enterprise is to be self reliant but the smallness of capital is making this dream unachievable. The main objective of this study is to examine the impact of microfinance banks provision of finance on SMEs performance. The study made used of primary source of data collection with the aid of a structured questionnaire. The research adopted a descriptive survey research design. Pearson Product Moment Correlation Coefficient was used to test the hypothesis at 5% level of significance. Analysis of data showed that the correlation coefficients of all the independent variables were less than 0.05. Based on the findings of the study, the study concludes that microfinance finance services have significant impact on SMEs performance. The study holistically recommends that micro finance banks continually maintain, sustain and improve on their provision of finance and funding facilities to SMEs are pivotal instrument of economic growth and development and thus occupies a place of pride in virtually every country or state Keyword: Bank, Microfinance, Performance, Small and Medium Scale Enterprise, Sustainability