scholarly journals Impact of Microfinance Banks on Micro and Small Enterprises in Ogun State, Nigeria

2018 ◽  
Vol 9 (2) ◽  
pp. 163-169 ◽  
Author(s):  
Richard O. Akingunola ◽  
Enitan O. Olowofela ◽  
Lateef Yunusa
Keyword(s):  
Financial Services ◽  
Negative Relationship ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Microfinance Institutions ◽  
Ogun State ◽  
Research Problems ◽  
Simple Regression Analysis ◽  
Micro And Small Enterprises ◽  
The Impact

This research investigated the impact of microfinance on Micro and Small Enterprise (MSE) in Ogun State, Nigeria. There were two research problems. First, it was whether microfinance bank (financial intermediation services) assists MSEs in Ogun State, Nigeria. Second, it was whether microfinance banks assist MSEs in improving the volume of trade they engaged in Ogun State, Nigeria. The purposive and stratified sampling method was used. The survey obtained 408 respondents in MSEs in Ogun State. The research problems were tested with simple regression analysis. Findings from the first problem show that there is a negative relationship between intermediary financial services (credit disbursement) and MSEs. The second finding also shows there is a positive relationship between microcredit and business expansion. The research concludes that businesses that access microcredit have grown averagely regarding business expansion. Therefore, it is recommended that microfinance banks should increase the size of loan and interest charged to MSEs, so they have enough funds to finance their operations. The researchers further recommend that government should review the activities of microfinance institutions.

scholarly journals Impact of Management Practices on Micro and Small Enterprise (MSEs) Performance in Marinduque, Philippines

2021 ◽  
Vol 1 (1) ◽  
pp. 84-97
Author(s):  
Michael V. Capiña
Keyword(s):  
Rural Communities ◽  
Human Resources ◽  
Work Experience ◽  
Management Practices ◽  
The Philippines ◽  
Small Enterprise ◽  
Poor People ◽  
Small Enterprises ◽  
Micro And Small Enterprises ◽  
The Impact

In the Philippines, micro and small enterprises (MSEs) comprise the largest part of the business economic undertakings and are among the most important development agents in rural communities like Marinduque. MSEs offer opportunities to poor people the possibility of earning income, training, work experience and employment. However, most of the micro and small enterprises in the country perform behind the neighboring ASEAN countries. Thus, assessing the impact of their management practices on operational functions (marketing, production, financial, human resources) and the significant relationship to MSEs performance (sales, production, and income) as the basis for government interventions. The study disclosed that management practices of 35 selected manufacturing MSEs on operational function is doing well with an overall mean of 3.70 interpreted as "Mostly Practiced". Of all the variables, marketing emerged to have the highest mean of 3.95, interpreted as "Mostly Practiced". What is alarming is the findings on human resources, which got the lowest mean of 3.40, interpreted as "Practiced". Overall performance in terms of sales, production, and income is 3.64, interpreted as "very satisfactory". Using Pearson, the operational business function has a positive correlation to performance. Based on the operational management practices, the following have a vital role for the success of MSEs such as type of business organization, decision-making process, creation of policy, rules, and regulations, planning and implementation, and management directions of the enterprise. As to these findings, programs of government will need to give emphasis on the weak areas and highlight the good practices as a basis for crafting tailored interventions for each MSEs.

scholarly journals Link Program: Evidence from Micro-finance Institution in Jordan

2018 ◽  
Vol 8 (4) ◽  
pp. 6-13
Author(s):  
Bashar Al-Zu’bi
Keyword(s):  
Growth Rate ◽  
Data Analysis ◽  
Financial Services ◽  
Financial Support ◽  
Small Enterprises ◽  
Standard Data ◽  
Micro And Small Enterprises ◽  
The Government ◽  
The Impact ◽  
Micro Enterprises

This paper studies and assesses the methodology of the “Link Program”, i.e., a process which the owners of micro-enterprises can undergo to help them grow their micro-enterprises into small and medium sized concerns. We evaluated the impact on the performance of micro entrepreneurs as a function of financial and non-financial support provided by a microfinance bank – NMB. The paper established specific criteria for enterprises’ graduation, namely: completing 3 loan periods with outstanding credibility and dedication of repayment, continuous profit growth rate obtained as a result of activities (revenue) expansion, formalizing the enterprise by registering it with the government, and generating jobs for local candidates. The paper made use of a sample of 8,000clients who took business loans and had accessed non-financial support provided by the NMB during a period of six to eighteen months. We employed a standard data analysis against graduation criteria and found the “AS IS” non-financial services (counseling and networking) have affected the performance of a few micro and small enterprises; only 13.7% of NMB’s clients grew. Although many micro and small enterprises do not usually grow as would be expected, the result from Jordan is below the international practices which showed that 50% and 60% of modern MSE in Latin America and Asia grew from low entrepreneurs. It was therefore concluded that NMB should design and deliver a more comprehensive and innovative non-financial services (“TO BE” approach).  

scholarly journals TO ASSESS THE POSITION OF SMALL MANUFACTURING ENTERPRISES IN ECONOMIC DEVELOPMENT IN ETHOPIA

2019 ◽  
Vol 7 (8) ◽  
pp. 478-488
Author(s):  
Shefali Gupta
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Informal Economy ◽  
Poverty Alleviation ◽  
Small Enterprise ◽  
Tax Revenue ◽  
Small Enterprises ◽  
Corporate Sector ◽  
Manufacturing Enterprises ◽  
Micro And Small Enterprises

Development of micro and small enterprises holds the attraction of being the most important component of broader economic development and poverty alleviation. They are seen as a key and sustainable generator of employment and income for citizens and tax revenue for the state. They also serve as a bridge between informal economy and the formalized corporate sector in developing countries. Likewise, if they are able to meet the required export quality and standards, for some countries they are a source of foreign exchange earnings. It is also believed that a variant micro and small enterprise sector helps to encourage competition since they are favorable to bring about economic growth.

scholarly journals The Development of Digital in the Covid-19 Pandemic

2021 ◽  
Author(s):  
Maria Digna R. Nahak
Keyword(s):  
Raw Materials ◽  
Small And Medium Enterprises ◽  
Asian Development Bank ◽  
Small Enterprises ◽  
Domestic Economy ◽  
Development Bank ◽  
Micro And Small Enterprises ◽  
Medium Enterprises ◽  
Almost All ◽  
The Impact

The global Covid-19 pandemic that has plagued all countries of the world has affect all sectors of people's lives. In Indonesia, almost all sectors experience impacts, especially the economic ecosystem which has been become the focus of society. Furthermore, the Covid-19 pandemic has made the slowdown in the economic sector in Indonesia with its various derivatives. The Micro, Small and Medium Enterprises (MSME) sector which is part of the most important sector of the economy is very important feel. This is what worried by all parties, because it has made the MSME sector experienced a significant decline. Moreover, currently many MSMEs are experiencing various problems such as: decrease in sales, capital, hampered distribution, difficulty in raw materials, decreased production and the occurrence of many layoffs for workers and hunting which later became a threat to the national economy. MSMEs as a driver of the domestic economy and a middle labor absorber face a decline in productivity which results in a decrease in profits significant. Even based on the related Asian Development Bank (ADB) survey, the impact of the pandemic on MSMEs in Indonesia, 88% of micro businesses run out of cash or savings, and more than 60% of these micro and small enterprises have reduced their workforce work.

scholarly journals Challenges and Opportunities of Micro and Small Enterprises Strategy in Ethiopia Urban development, the case of Ambo Town, Oromia, Ethiopia#

2018 ◽  
Vol 9 (2) ◽  
pp. 55
Author(s):  
Yared Teshome Geneti
Keyword(s):  
Social Development ◽  
Good Governance ◽  
Local Governance ◽  
National Development ◽  
Small Enterprise ◽  
Primary Data ◽  
Small Enterprises ◽  
Market Place ◽  
Challenges And Opportunities ◽  
Micro And Small Enterprises

In Ethiopia, Micro and Small Enterprise (MSE) is prioritised as important means of economic diversification, job creation, income generation and equity distribution as indispensable poverty reduction sector since 2006. Despite the great attention given to micro and small enterprises, little research exists that examines challenges and opportunities of the Sector in the implementation trajectory. With the new initiative of National Development Programme to Accelerate Sustainable Development to Eradicate Poverty (PASDEP) in 2006-2010, the government has been commencing a new Micro and Small Enterprises Development Strategy. However, the blue prints strategy would be able to prove in the process to achieve the goals and target through timely evaluation of its implementations. It has been long time and common to listen and observe complains of MSEs on the overall sectoral performance and strategic incompatibility both among the unemployed societies and existing MSEs. Based on this rationale, the study was intended to assess the challenges and opportunities of the existing MSE strategy in Ambo town. In this descriptive research primary data were collected from 135 MSEs in Ambo using stratified and purposive sampling design.<br />MSEs in Ambo town are facing different challenges. These challenges are identified as marketing, financial, good governance, i.e., lack of market place; inadequacy credit facilities and inefficient service delivery. The study shows that the long and delayed procedure to establish MSEs is the most common challenges observed in both the old (2006) and new (2011) strategies. These are mainly as a result of inefficient human resource capacities of the sector and cumbersome procedures of credit and saving institution in the town. Moreover, a little understanding of unemployed society on the strategy is the main gap creating misunderstandings. Findings indicated that, the above challenges are a bottle-neck to the goal set by the strategy to create jobs for unemployment and being urban base of local economic and social development. In prospect wise, the study asserted that, the 2011 strategy has been improving MSEs to have a clear definition, typical set ups and structure arrangements as enterprise. Therefore, the strategy has identified as the means to change the societal structure by creating broad local economic and social development to the extent of medium investors. Finally, promoting awareness to active unemployed citizens by giving continues capacity building for both office staff and members of enterprises, local governance reforms and the rechecking of MSE establishment procedures are important in alleviating the problems at implementation stage.

scholarly journals THE IMPACT AND THE ROLE OF THE SMALL AND MEDIUM ENTERPRISES ON THE EMPLOYMENT IN THE REPUBLIC OF MACEDONIA

2018 ◽  
Vol 28 (1) ◽  
pp. 105-110
Author(s):  
Snezana Bardarova ◽  
Marija Magdincheva-Shopova ◽  
Monika Markovska ◽  
Bozhidar Milenkovski
Keyword(s):  
Economic Growth ◽  
Small And Medium Enterprises ◽  
High Rate ◽  
Small Enterprise ◽  
Small Enterprises ◽  
Republic Of Macedonia ◽  
Area Of Interest ◽  
The Republic ◽  
Medium Enterprises ◽  
The Impact

Current developments in the global and national economics point to a number of problems faced by real entities in the real sector, and as a special area of interest for the scientific public there is a need to provide conditions for the smooth running of the reproduction processes in the enterprise and the realization the positive results of the operation. Enterprises are drivers of inclusive economic growth in the Republic of Macedonia and in creating productive and sustainable jobs.The new conception of the small enterprise as a carrier and engine of economic development is quite persuasive with its economic logic and reaffirms the small enterprise as a significant economic sector. The activities within the small enterprises are aimed at intensifying the results of the work by achieving a balance between objective possibilities and good working principles. The monitoring of the small enterprise, through the prism of its influence on economic growth and development, rejects the traditional view for small enterprises as security guards.The SME sector is a driver of inclusive economic growth in Macedonia and the creation of sustainable jobs increasing productivity. It also does not agree with the notion that small enterprises are economically inefficient organisms.With the third technological revolution in the countries with a developed market economy, the domination of the so-called. small economy, that is, the sector of small and medium enterprises. Today, small enterprises have a growing number of supporters who believe that small enterprises are carriers of innovation and entrepreneurship and are able to react quickly to changes in the environment. For years, the Republic of Macedonia has faced a high rate (29%, June 2013) of general unemployment, which remains a key challenge for stabilizing the economic and social development of the country. The subject of research in this paper is focused on conducting analysis of the active enterprises in the Republic of Macedonia by size, by sector and by number of employees, as well as analysis of the activity of the population and employment by sectors and by type of ownership of the enterprise in the period from 2013-2017.

Sustainable Performance of Tunisian SMEs in Industry 4.0

2020 ◽  
pp. 65-77
Author(s):  
Abdullah Abdulaziz Alhumaidan ◽  
Noor Hazlina Ahmad
Keyword(s):  
Random Sampling ◽  
Industry 4.0 ◽  
Social Performance ◽  
Sampling Technique ◽  
Organizational Level ◽  
Future Research ◽  
Small Enterprises ◽  
Sustainable Performance ◽  
Micro And Small Enterprises ◽  
The Impact

The research aims to know the impact of sustainability orientation on sustainable performance. The data has been collected through a survey and the probability-random sampling technique has been employed. The study sample is micro and small enterprises in Tunisia. The organizational level is the unit of analysis, which are the owners of these enterprises. It has been concluded that managers' orientations have an influence on environmental and social performance, but their orientations towards sustainability did not impact economic performance. The study has suggested that future research could investigate different organizations irrespective of their size and industry that would make it easy to generalize results.

scholarly journals The impact of social media on the performance of microfinance institutions in developing countries: a quantitative approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ahmad Daowd ◽  
Muhammad Mustafa Kamal ◽  
Tillal Eldabi ◽  
Ruaa Hasan ◽  
Farouk Missi ◽  
...  
Keyword(s):  
Social Media ◽  
Developing Countries ◽  
Performance Indicators ◽  
Financial Services ◽  
Microfinance Institutions ◽  
Poverty Level ◽  
Content Type ◽  
Media Platform ◽  
Media Applications ◽  
The Impact

PurposeOver the last few decades, microfinance industry is argued to have played a constructive role in alleviating poverty level and providing the underprivileged with access to financial services. Statistics from the World Bank reveal that, currently, only 4% of the underprivileged have been served out of the 3 billion+ potential clients. Such results are due to several claims, particularly the operational and financial challenges faced by microfinance institutions (MFIs) in the constant flux inviting more attentions towards its performance. While explicit attention is given by many researchers towards mobile banking and information and communication technology (ICT) in improving the MFIs’ performance, the study on how social media, as a rapidly growing online phenomenon, can impact on the MFIs’ performance remains scarce. As such, this study aims to investigate this impact based on four dimensional performance indicators: efficiency, financial sustainability, portfolio quality and outreach.Design/methodology/approachA model is proposed and tested to ascertain the relationship between social media applications and organisational performance. In so doing, web-based questionnaires have been used to collect data from MFI employees in developing countries. Results reveal a significant influence of the social media over the MFIs’ performance, offering valuable insights into both researchers and practitioners in the domain of microfinance, as well as social media—conforming that the adoption of social media as marketing, advertising and communication tools may significantly improve the MFIs’ performance.FindingsThe results demonstrate that there is a positive and significant impact of social media use within microfinance on the key indicators of MFIs. They also show that the highest impact of social media usage within the microfinance is on the portfolio quality. In addition, it was found that marketing and advertising; communication and sales and distribution are the main areas where social media is able to support while social networking websites are the most popular platforms employed in MFIs.Originality/valueThis study adds to the existing literature few theoretical and practical aspects. First, this study developed a model for assessing the value of social media as a new phenomenon within this type of organisation. Second, it offers microfinance sponsors, managers and policy makers with a frame of reference to understand what social media platform can be deployed for each purpose. Third, with the identification of the main MFIs’ performance indicators, this research provided a reference of performance measurement guide for microfinance industry when assessing different technological employment.

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