Women Micro-Entrepreneurs in Bangladesh: Socio-Economic Aspects and Factors Affecting Their Development

Nasima,; Alam, Naznin

doi:10.3329/jbt.v9i1.22778

Cited by 6 publications

(3 citation statements)

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“…Bangladeshi women micro-entrepreneurs face an unfavorable business environment that is characterized by various challenges ranging from low technical, administrative and government support, lack of scope of professional development and bad interpersonal relationship (Nasima and Alam, 2014). The findings also highlight the socio-economic characteristics such as age, marital status; educational status and starting age of business also play a significant role.…”

Section: Literature Reviewmentioning

confidence: 83%

Socio-Economic Factors Affecting the Perception of Women Entrepreneurs towards Bank Loan: A Study on Rajshahi City

2018

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This study conducted to focus the women entrepreneurs' perception of how socio-economic factors influence at the time of taking a bank loan, whereas perception is the process by which an individual selects, organizes, and interprets stimuli into a meaningful and coherent picture of the world. The findings highlighted some socio-economic factors that influence women in taking a bank loan. Data collected from women entrepreneurs' residing in some major areas of the northern part of Bangladesh. A convenient sampling method was applied to collect response from 112 women entrepreneurs' of which 105 found free from errors; those respondents used for the final study.Our study regarding the perception of the women reveals that religious view of our country, gender discrimination, and low educational qualification, lack of family support hinder their opportunity of taking a bank loan. Besides this research identify that advantageous living area & high social status help women at the time of taking a bank loan. Furthermore, the findings have established that financial solvency, bank's rules & regulations, mortgage criteria and the nature of business carry significant influences on women entrepreneur in taking loan. The foremost contribution of the current study is that it focuses women's observation and suggestion to break the barrier of getting the loan and find out a way to establish a positive attitude of the family as well as the society towards women entrepreneurs.

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Section: Literature Reviewmentioning

confidence: 83%

Socio-Economic Factors Affecting the Perception of Women Entrepreneurs towards Bank Loan: A Study on Rajshahi City

2018

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“…Women who own and manage MSMEs require opportunities to get training and obtain knowledge regarding the several aspects of business management, for instance, the technical skills to manage, invest and keep track of finances (Nasima & Alam, 2014). It is proven that productivity and chances for expansion increases with better and improved mechanisms to provide such services; thereby, increasing the overall profit made by the MSME and contributing to economic empowerment.…”

Section: Discussion and Recommendationsmentioning

confidence: 99%

Women Owned MSMEs in the Greater Male’ Region: An Exploratory Study on Their Level of Economic Empowerment

Ahmed

Hassan

2023

Women Stud

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Micro, Small, and Medium Enterprises (MSMEs) is a flourishing sector in the Maldives, with a significant number of women participating in such businesses to support their livelihoods. The purpose of this study is to analyze the impact MSMEs have on women’s economic empowerment in the Greater Male’ Region (GMR) and describe the challenges faced by women to maintain and expand their businesses. Data was collected using semi-structured interviews with 15 women who own a registered business in GMR, and common patterns in datasets were identified using a thematic analysis. Similar to the literature reviewed, women face several challenges in acquiring resources for business operations and face limitations due to factors affecting their level of economic empowerment. The findings show that although factors affecting economic empowerment are not fully achieved, women continue to overcome hurdles given the financial benefits and individual autonomy they gain by being a part of this sector.

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“…In the context of Bangladesh, women's position is important in economic development as women are involved in various entrepreneurial activities such as bakeries, beauty parlors, childcare facilities, repair shops, arts and crafts shops, painting businesses, contracting businesses and small-scale restaurants (Nasima and Alam, 2015). Women's involvement in various entrepreneurial activities has empowered women entrepreneurs in social, economic and cultural fields.…”

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confidence: 99%

Sustainable Development of Women Micro-Entrepreneurs in Malaysia: Factors Affecting Adoption of Rotating Savings and Credit Association (ROSCA)

Azman¹,

Kassim²

2019

Proceedings of the 1st Aceh Global Conference (AGC 2018)

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Rotating savings and credit association (ROSCA) is a form of micro-credit scheme that enables the low-income group to have access to financial services. There is an increasing need for ROSCA especially by women micro-entrepreneurs since this group would normally face difficulties in obtaining financing from the banking institutions. ROSCA can be a sustainable financing tool for the women micro-entrepreneurs in sustaining their business as it enables the available resources to be used efficiently and responsibly. This study applies a qualitative analysis through in-depth interviews with 10 women involving in micro-enterprises that adopted the concept of ROSCA in Eastern regions of Malaysia, namely the Kelantan and Terengganu states. The results showed that ROSCA has enabled the women micro-entrepreneurs to resolve the issues relating to financial shortage in capital while doing business. The women micro-entrepreneurs are found to use ROSCA as an alternative to ensure a sustainable funding for their business, thus increasing financial inclusion in the economy. Keywords-ROSCA; Sustainable development; Women micro-entrepreneurs I. INTRODUCTION According to the UNDP (2014), an entrepreneur can be defined as a person who is alone or with one or two more partners starting or inheriting a business eager to take financial, administrative, social risks and responsibilities, and participating dayto-day management activities. In many countries, women participation in entrepreneurship is showing encouraging growth. Women entrepreneurship development is important in enhancing the economy (Hossain et al., 2009; Nasima and Alam, 2015), and it also increase the financial inclusion in the country. In the USA, for example, women represent around 38 percent of business owners, whereby in Louisana, more businesses are owned by women who stayed longer in business and contributed to the economic growth in USA (Mahajar and Mohd Yunus, 2013). In many countries in the Southeast Asia, in particular, women are dominating the micro-business activities and contributing positively to the family income and living standard. Even in the context of Islamic history, the involvement of women in business can be traced back during the Prophet Muhammad (PBUH) time where his wife was a good example of a successful businesswoman (Azmi et al., 2014). Furthermore, in the Holy Quran, verses An-Nisa; 24 and An-Nalh; 97 also support women to be involved in business if do not exceed the Islamic principles. Generally, women entrepreneurs can be defined as those women who start, own, operate, manage and take risk in their business (Thuaibah et al., 2007). Consequently, women entrepreneurship has become one of the prime topics among the policy-makers in the developing countries since 1980s (Hossain et al., 2009). In Nigeria, women's active participation in micro-enterprises such as agriculture, bakery and retailing has empowered them economically and enabled them to contribute significantly to overall economic development (Balagun, Bustaman and Johari, 2014). Eve...

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Women Micro-Entrepreneurs in Bangladesh: Socio-Economic Aspects and Factors Affecting Their Development

Abstract: This paper is dealing with women's entrepreneurial activities according to socio-economic

Cited by 6 publications

References 6 publications

Socio-Economic Factors Affecting the Perception of Women Entrepreneurs towards Bank Loan: A Study on Rajshahi City

Socio-Economic Factors Affecting the Perception of Women Entrepreneurs towards Bank Loan: A Study on Rajshahi City

Women Owned MSMEs in the Greater Male’ Region: An Exploratory Study on Their Level of Economic Empowerment

Sustainable Development of Women Micro-Entrepreneurs in Malaysia: Factors Affecting Adoption of Rotating Savings and Credit Association (ROSCA)

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