The Impact of Microfinance on Entrepreneurship in Kyrgyzstan

Sultakeev, Kadyrbek; Karymshakov, Kamalbek; Sulaimanova, Burulcha

doi:10.18267/j.aop.599

Cited by 11 publications

(8 citation statements)

References 30 publications

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“…Spinelli & Adam (2012) observed that most of the big businesses available are assumed to have been started as a small business. Microfinance is widely recognized as a crucial tool for poverty alleviation and socio-economic well-being (Sultakeev, Karymshakov, & Sulaimanova, 2105). SMEs play a significant role in stabilizing and in the development of emerging economies.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Microfinance Banks on the Growth of Small and Medium Enterprises in Lagos Metropolis

Aladejebi¹

2019

EJSD

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Small and Medium Enterprises (SMEs) play a major role in the Nigerian economy, especially in terms of Employment, growth, productivity, and poverty alleviation. The purpose of this study was to examine the impact of Microfinance Banks (MFB) on the growth of SMEs in Lagos metropolis The data for this study was collected via questionnaires given to the owners of SMEs that had accounts with microfinance banks in Lagos metropolis. Out of 209 questionnaires distributed, 205 were viable and analyzed using the SPSS package. The questionnaire contained 2 sections. Section 1 for general information while section 2 contains questions on effects of micro-savings on financial performance, effects of microcredit on the financial performance of the SMEs, effects of training on the financial performance of the SMEs and financial performance. The outcome revealed that the savings among SMEs are encouraging because of higher interest rates compared to deposit banks, faster loan disbursement, failure of MFBs to conduct training for SMEs, while the majority of SMEs experienced financial growth using MFB products. Keywords: Small business, Microfinance banks, SME growth, Lagos metropolis

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Section: Introductionmentioning

confidence: 99%

The Impact of Microfinance Banks on the Growth of Small and Medium Enterprises in Lagos Metropolis

Aladejebi¹

2019

EJSD

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“…It is known for providing credit to all people. According to Sultakeev et al (2018), most successful small-to medium-sized entrepreneurs depend on the loans that they are being granted by MFIs.…”

Section: Literature Review the Concept Of Microfinancementioning

confidence: 99%

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Mveku,

Mutero,

Nyamwanza

et al. 2023

Int. J. Manage. Entrep. Soc. Sci. Hum.

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The study was conducted in the Midlands province of Zimbabwe, focusing on four towns: Kadoma, Kwekwe, Gweru, and Zvishavane. The study examines the establishment of microfinance institutions, which results in the growth of small to medium enterprises. Many SMEs in the Midlands province are finding it difficult to grow their business due to a lack of capital and the ability to access bank loans. The study aimed to determine the significance of microfinance establishments on the growth of small- to medium-sized enterprises in Zimbabwe. A descriptive research design was adopted. The study's sample size was 94 SME owners specialising in agriculture, mining, vending, groceries, beauty salons, auto repairs, transport services, and fast foods in the Midlands province. Data was analysed using Pearson correlation and simple linear regression. The study results showed a strong positive relationship between microfinance loans and Small to Medium Enterprise sales growth, as evidenced by a correlation coefficient 0.989. The results showed that microfinance loans positively affect the profitability of SMEs. The study also found that access to finance, competition, hyperinflation, and high taxes are the challenges affecting SMEs' firm size. The study shows several ways which can be done to improve the growth of SMEs, such as the extension of loan repayment tenure, review of lending policies, and lending SMEs higher packages for accomplishing their projects. The government should implement policies that find ways to reduce inflation, lower tax charges on SMEs, and draft policies that promote the development of SMEs in the country.

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“…The research suggests that regulations by micro finance banks to fund young entrepreneurs need to be flexible to fit all the business owners only when banks values and offer technical assistant to the entrepreneurs will be contributing to the entrepreneurs to make sure success in the young entrepreneurs. Sultakeev, Karymshakov and Sulaimanova (2018) performed a study to evaluate the impact of microfinance on entrepreneurial success of China young entrepreneurs. Embracing explanatory study design with a sample which makes up 461 proprietors of SMEs in Shanghai Region data gathering was through questionnaire administering that utilized Likert scale-type questions.…”

Section: Stratford Peer Reviewed Journals and Book Publishing Journal...mentioning

confidence: 99%

Microfinance Banks and Entrepreneurial Growth Among the Youth in Daegu City, South Korea

2022

JEPM

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Entrepreneurial growth is one of the critical determinants of the economic development of a country. Entrepreneurial growth includes the process of improving entrepreneurial skills and knowledge among individuals with the help of providing well-organized training and developing supporting institutions. Raising entrepreneurial growth among the youth can be the foundation of increasing employment opportunities. Microfinance banks have been mainly designed to improve the living conditions of the less fortunate or underprivileged. Hence, the study sought to examine the effect of microfinance banks on entrepreneurial growth among the youth in South Korea. The study adopted the descriptive research design. The collection of the data was done among the youth in Daegu City. The study used purposive sampling to collect the data. Hence, the study sampled 892 youth purposively. The collection of the data was done using questionnaires. The analysis of the information was done using descriptive and inferential statistics. The descriptive statistics entailed describing the study data, while the inferential statistics incorporated the computation of the correlation and regression analyses. The study findings showed that microfinance banks have a positive and significant effect on entrepreneurial growth among the youth in South Korea. The study concluded that microfinance institutions are evident tools for entrepreneurship growth because of the numerous services they provide and their role in developing young entrepreneurs. Young entrepreneurs need to be more receptive to new methods and prepared to make financial decisions to ensure growth. The study recommended that microfinance banks in South Korea should continue supporting the youth. It is recommended that microfinance banks fund youth entrepreneurs without many conditions. Microfinance banks should organize good training programmes for youth business owners. The government should also continue with the entrepreneurial growth among the youth in South Korea.

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The Impact of Microfinance on Entrepreneurship in Kyrgyzstan

Cited by 11 publications

References 30 publications

The Impact of Microfinance Banks on the Growth of Small and Medium Enterprises in Lagos Metropolis

The Impact of Microfinance Banks on the Growth of Small and Medium Enterprises in Lagos Metropolis

The Significance of Microfinance Establishments on The Growth of Small to Medium Enterprises in Zimbabwe

Microfinance Banks and Entrepreneurial Growth Among the Youth in Daegu City, South Korea

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