The Impact of Microfinance Institution Services on the Growth of the Small and Medium Enterprises(SMEs) İn Mogadishu Somali̇a

Mohamed, A. A. G.

doi:10.2139/ssrn.3419459

Cited by 2 publications

(3 citation statements)

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“…This finding implied that during the period of the study, increased provision of the three services offered by microfinance institutions led to a corresponding growth in sales revenues among MSMEs in Kirinyaga County. This finding of the study mirrored those of the studies carried out by Cooper (2012) and Bran & Woller (2010) which found the services provided by Microfinance institutions among the SMEs to significantly influence their financial performance in Kenya and India respectively. The finding was nonetheless at variance with those provided by the study by Coleman (1999) which posited that microfinance services had no relevance to the financial performance of SMEs in the USA because the high interest rates charged on loans countered the prospective financial gains derived from these services.…”

Section: Multiple Linear Regression Analysissupporting

confidence: 83%

“…In 2013, the Government under the Access to Government Procurement Opportunities (AGPO) programme set aside 30 percent of all Government procurement for youth, women, and persons with disabilities. The programme aimed to facilitate the youth, women, and persons with disability-owned enterprises to participate in government procurement and therefore increase their market access along the production value chain (Cooper, 2016). Public funds advanced to the sector to address the access to credit challenges have included the Youth Enterprise Development Fund, Small and Medium Enterprise (SME) Fund, Uwezo Fund, and Women Enterprise Fund.…”

Section: Introductionmentioning

confidence: 99%

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Influence of Microfinance Services on Financial Performance of Micro, Small and Medium Enterprises in Kirinyaga County, Kenya

Muigai,

Muriithi

2023

EJEFR

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This study sought to ascertain the influence of microfinance services on the financial performance of MSMEs in Kirinyaga County. Specifically, the study sought to determine how microcredit services, micro-saving services and business consultancy services offered by Microfinance institutions influenced the financial performance of MSMEs within the county as operationalized by growth in their sales turnover. The study was anchored on the theories of Information Asymmetry and Financial Intermediation. The study’s target population comprised the MSMEs operating within Kirinyaga County and adopted the descriptive research design. The studied MSMEs were purposively selected from the townships of Sagana, Kerugoya, Kutus, Kagio, and Kagumo. Primary data was collected using structured questionnaires and analysis of the collected data was performed using descriptive and inferential statistical techniques. The results were presented using tables and charts. The study found that all the services offered by microfinance institutions had a positive and significant influence on the financial performance of MSMEs. Effectively, the study recommended that the owner-managers of the MSMEs should have more strategic engagement with the Microfinance institutions in tapping the services extended by them. Further, sustained efforts should be made by policy formulators to promote and strengthen microfinancing in pursuit of Vision 2030. JEL: L10; L20; M10; G20 Article visualizations:<img src="/-counters-/soc/0018/a.php" alt="Hit counter" />

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Section: Multiple Linear Regression Analysissupporting

confidence: 83%

Section: Introductionmentioning

confidence: 99%

Influence of Microfinance Services on Financial Performance of Micro, Small and Medium Enterprises in Kirinyaga County, Kenya

Muigai,

Muriithi

2023

EJEFR

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“…The SMEs mostly engage in manufacturing, mining, commerce, and services, which are non-farm economic activities. A productive activity that is mostly carried out in the unorganized sector is what Momba (2013)…”

Section: The Concept Of Smesmentioning

confidence: 99%

The Challenges and Opportunities of Post-COVID Situation for Small and Medium Enterprises (SMEs) in Bangladesh

Bhuiyan

2023

PMISR

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Similar to the rest of the world, Bangladesh has been affected by the current and ongoing pandemic COVID-19 crisis. Small and medium enterprises (SMEs) are the fundamental economic pillar for business development in Bangladesh. The main purpose of the research paper is to determine the post-COVID challenges and opportunities on SMEs in Bangladesh. Before staring the pandemic situation, the main barriers to the establishment of SMEs included access to formal credit, a lack of qualified labor, high operational costs, poor product quality, a lack of financial literacy, etc. SMEs are experiencing a capital constraint, increased operating costs, and employee layoffs as a result of this global epidemic. Both primary and secondary data are conducted to identify the findings of the study. Statistical analysis has been conducted by using the Microsoft Excel software. Sample size is 300 respondents from the study area (Dhaka and Narsingdi District) in Bangladesh. The findings of the study are that 52% of businesses have completely shut down its operation because of COVID-19. Moreover, 78% people in Bangladesh enable to run business activities on online platform that is possible only for COVID-19 problems, otherwise, people are unwilling to accept technology. To keep SMEs in business, emphasis must be placed on using government stimulus monies properly. Moreover, the real possibilities and opportunities of Bangladesh remain in the SMEs and therefore the sector should get more concentrating on the sustainable growth and development of the country through overcoming the pandemic COVID-19.

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The Impact of Microfinance Institution Services on the Growth of the Small and Medium Enterprises(SMEs) İn Mogadishu Somali̇a

Cited by 2 publications

References 0 publications

Influence of Microfinance Services on Financial Performance of Micro, Small and Medium Enterprises in Kirinyaga County, Kenya

Influence of Microfinance Services on Financial Performance of Micro, Small and Medium Enterprises in Kirinyaga County, Kenya

The Challenges and Opportunities of Post-COVID Situation for Small and Medium Enterprises (SMEs) in Bangladesh

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