scholarly journals Impact of Covid-19 Pandemic on Mses and Cooperatives and Strategic Recovery in New Normal Era

2021 ◽  
Vol 12 (3) ◽  
pp. 220-231
Author(s):  
Dahri Tanjung ◽  
Yeti Lis Purnamadewi
Keyword(s):  
Interest Rates ◽  
Profit Sharing ◽  
Primary Data ◽  
Small Enterprises ◽  
Microfinance Institutions ◽  
New Normal ◽  
Before And After ◽  
Household Assets ◽  
Micro And Small Enterprises ◽  
Cooperative Institutions

The purpose of this study is to examine the economic impact of Covid-19 on the performance of micro, and small enterprises (MSEs) and cooperative institutions; how the strategies and formulate a recovery strategy in the new normal era. The main data used are primary data collected through interviews to MSE and microfinance institutions. The analytical method used is descriptive statistics and econometric models. The before and after analysis shows the significantly different costs and benefits of MSEs before and after the pandemic.  The analysis shows that in the pandemic Covid-19 period, all MSEs decreased performance, most experienced a decrease in business turnover (6 percent) and similarly with cooperative institutions, their turnover decreased to 55%. The strategy of the cooperatives to maintaining its performance is to provide relaxation, improve efficiency by reducing employees, and ask for a reduction in profit-sharing payments to creditors; while the MSE strategy if the cooperatives does not provide loans for a while is 60 percent of MSEs seeking loans from relatives, 25 percent borrowing from other microfinance despite high-interest rates and 15 percent selling their household assets.

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 Poverty reduction through women employment in farms and rice mills in an area of Dinajpur district

1970 ◽  
Vol 9 (1) ◽  
pp. 131-140
Author(s):  
MS Rahman ◽  
MR Hasan
Keyword(s):  
Household Income ◽  
Poverty Reduction ◽  
Family Income ◽  
Significant Proportion ◽  
Educational Status ◽  
Sampling Procedure ◽  
Primary Data ◽  
Male And Female ◽  
Before And After ◽  
Household Assets

The study was undertaken to examine the socio-economic profiles of women participated in farms and rice mills activities; to examine contribution of women to household income which reducing their poverty; to identify the factors influencing the level of family income in farms and rice mills labourers; and to identify the problems and constraints of farms and rice mills. Bochagonj Upazila of Dinajpur district was selected purposively for the study considering the availability of large number of farm and rice mill labourers. Sixty samples of each category have been selected by random sampling procedure and primary data were collected by direct interview through a pre-tested survey schedule. The educational status, land holding and other household assets position were improved due to the women’s contribution to overall family income. Patterns of family expenditure remained same before and after the women involvement in farm and rice mill works but increased over time that indicated some significant changes in the level of poverty of the households. Age of the respondents, family size, land holding, number of earning members and respondents’ income contributed significantly to the variability of income and employment. Major problems were nature of the work and the variation in the salary level between male and female labourers. Finally, women contributed a small amount but a significant proportion of their family income and the socioeconomic status of the women farm and rice mill labourers should be improved through direct participation in income generating activities by reducing the male and female discriminations. Keywords: Poverty; Women employment; Farm; Rice mills; Income DOI: http://dx.doi.org/10.3329/jbau.v9i1.8755 JBAU 2011; 9(1): 131-139

scholarly journals Co-Production in Business Counselling in Microfinance Setting: A Conceptual Approach

2015 ◽  
Vol 23 (03) ◽  
pp. 299-319 ◽  
Author(s):  
Ruwan Abeysekera ◽  
Dean Patton ◽  
Andrew Mullineux
Keyword(s):  
Conceptual Model ◽  
Empirical Studies ◽  
Small Enterprises ◽  
Microfinance Institutions ◽  
Conceptual Approach ◽  
Dyadic Relationship ◽  
Policy Makers ◽  
Recent Developments ◽  
Micro And Small Enterprises ◽  
Literature Highlight

Recent developments in service literature highlight the importance of co-production between the firm and the client in order to create value. This paper presents a model of co-production within the context of microfinance provision and investigates the dyadic relationship between Counsellors from Microfinance Institutions (MFIs) and the Owner Managers of Micro and Small Enterprises (MSEs). The paper develops a conceptual model that identifies the factors that facilitate co-production between Counsellors and Owner Managers. It also identifies co-production outcomes relating to MSEs and MFIs concerned. The model offers researchers a framework for empirical studies in the microfinance setting. Furthermore, microfinance policy makers can use this model to formulate strategies that offer many benefits to both MFIs and Owner Managers.

scholarly journals Socio-Cultural Factors and Growth of Women-Owned Micro and Small Enterprises in Likuyani Sub County, Kakamega County

2020 ◽  
Vol 5 (1) ◽  
pp. 44-58
Author(s):  
Dorothy Sikolia ◽  
Rev. Dr. Paul . Mathenge ◽  
Dr. Joseph Ntale
Keyword(s):  
Social Networking ◽  
Gender Equity ◽  
Division Of Labour ◽  
Positive Influence ◽  
Cultural Factors ◽  
Primary Data ◽  
Small Enterprises ◽  
Validity And Reliability ◽  
The Social ◽  
Micro And Small Enterprises

Purpose: This study focused on the social- cultural factors and growth of Micro and Small enterprises owned by women in Likuyani Sub County, Kakamega County, Kenya. The study sought to investigate the social –cultural factors that influence the growth of women-owned MSE enterprises in Likuyani sub County, Kakamega County, Kenya. The specific objectives for the study were :-To determine the influence of literacy on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County, determine the influence of discrimination on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County, find out the effects of domestic commitments on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County and to establish the influence of social networking on the Growth of women-owned MSEs in Likuyani Sub County, Kakamega County.Methodology: The study adopted a descriptive research design. The study targeted a population of 729 women-owned MSEs in Likuyani Sub County who were sampled using Stratified sampling to arrive at an adequate sample of 252 respondents. A structured questionnaire was used as a tool to collect primary data. Validity and reliability tests were done on the research tool through piloting before administration. The data collected was analyzed using quantitative analysis to produce descriptive statistics and inferential analysis to predict a study model.Findings: The study findings showed that; literacy, discrimination, domestic commitments and social networking, had a significant positive influence on the Growth of women-owned MSEs in Likuyani Sub County. In conclusion, the study revealed at 5% level of significance, 67.7% of variation in Growth of women-owned MSEs in Likuyani Sub County being explained by literacy levels, discrimination, domestic commitments, and social networking.Unique contribution to theory, practice and policy: The study recommended that; women in Kakamega County should seek to access basic secondary school education at minimum to  attain some basic entrepreneurial skill and business skills access; the county government of Kakamega should take stringent measures for ensuring that section of the constitution of Kenya relating to gender equity and rights of women are keenly observed for eliminating discrimination; there should  be equal sharing of domestic commitments and promotion of women rights through equal gender division of labour between husband and wife or within the family, women within the county should build strong social networking

The COVID-19 pandemic and its impact on microfinance institutions in Indonesia

2021 ◽  
Vol 32 (1) ◽  
pp. 93-106
Author(s):  
Tuti Ermawati ◽  
Agus Eko Nugroho ◽  
M. Soekarni ◽  
Nur Firdaus ◽  
Jiwa Sarana ◽  
...  
Keyword(s):  
Online Survey ◽  
Response Rate ◽  
Small Enterprises ◽  
Microfinance Institutions ◽  
Focus Group Discussions ◽  
Group Discussions ◽  
Adaptation Measures ◽  
Mitigation And Adaptation ◽  
Micro And Small Enterprises ◽  
The Government

The paper aims to analyse the impacts of the COVID-19 pandemic on microfinance institutions (MFIs) and identify mitigation and adaptation measures to cope with the situation. An online survey and focus group discussions were employed to capture how far the COVID-19 pandemic affects MFIs’ business. The results show that MFIs’ performance is negatively affected due to the COVID-19 crisis as their major customers, micro and small enterprises (MSEs), have experienced a contraction. MFIs have implemented several mitigation and adaptation measures to cope with the situation and future shocks. These results provide an overview of how far the COVID-19 crisis affects MFIs which can help the government design policies that can support MFIs and MSEs to survive. However, some issues related to methodology, such as the inability to capture complex and profound information, survey monitoring, and response rate, influenced the analysis so that the research may lack generalizability. Thus, a more holistic methodology is needed to investigate the impacts of the COVID-19 pandemic comprehensively.

scholarly journals Determinants of the continuous operations of micro and small enterprises during COVID-19 pandemic in Ethiopia

2021 ◽  
Vol 10 (1) ◽  
Author(s):  
Erstu Tarko Kassa
Keyword(s):  
Regression Analysis ◽  
Sampling Technique ◽  
Small Enterprise ◽  
Primary Data ◽  
Small Enterprises ◽  
Economic Factors ◽  
Cross Sectional ◽  
Correlation And Regression Analysis ◽  
Micro And Small Enterprises ◽  
Cross Sectional Design

AbstractThe main objective of this study is to assess determinant factors for the continuous operations of micro and small enterprises during COVID-19 pandemic. The study adopted a cross-sectional  design, with both descriptive and explanatory research design. To achieve the objectives of the study, 276 respondents were selected from 890 micro and small enterprise owners. The sample of the study was selected through proportional stratified random sampling technique from the business types (manufacturing, construction, urban agriculture, service and trade). To collect the primary data, questionnaires were dispatched to owners/operators of micro and small enterprises. The collected data were analyzed through descriptive, correlation and regression analysis techniques. The finding of the study revealed that people and administrative factors, regulatory factors, economic factors, partnerships, leadership of owner have a positive relationship to micro–small enterprise continuous operations during COVID-19 pandemic with the value of r = 0.457, 0.558, 0.572, 0.519 and 0.654, respectively. The study regression analysis result assured that partnership, economic factors, and leadership of the owner has a positive statistical significant effect on the continuous operations of the micro and small enterprise during COVID-19 pandemic with the value of (p < 0.05). The researcher recommended that strenghtening partnership with stakeloders and excersing best leadership practices are essential to ensure the continuous operations of the micro and small enterpreses.

scholarly journals FINANCIAL MANAGEMENT AND ACCOUNTING PRACTICES OF MICRO AND SMALL ENTERPRISES (MSEs) IN MANIPUR

2021 ◽  
pp. 10-18
Author(s):  
Jangkholam ◽  
A. Rajmani Singh
Keyword(s):  
State Government ◽  
Financial Management ◽  
Management Practices ◽  
Annual Report ◽  
Secondary Data ◽  
The State ◽  
Primary Data ◽  
Small Enterprises ◽  
Efficient Management ◽  
Micro And Small Enterprises

Micro and Small Enterprises are a very important sector that continues to contribute enormously for the economic development of the country and to the state of Manipur in particular. The success and failure of these enterprises depends a lot on the efficient management of its financial resources. This paper therefore attempts to study the accounting and financial management practices followed by the Micro and Small Enterprises (MSEs) in Manipur and to make an awareness about the importance of accounting and financial management practices in their business conduct. For the purpose of the study both primary and secondary data are used. Secondary data were collected from the related available literature like books, articles, magazines, MSME annual report, directory of MSME Manipur, etc. Primary data is obtained by distributing questionnaire to 100 respondents who are owner/manager of the MSEs. The collected data were analysed using various statistical tools to get meaningful conclusion. The results of the study revealed that majority of the MSEs do not maintain proper accounting records of their business which made it difficult for the owner-manager to measure the performance of their business. The main reason for the failure of the enterprises to keep proper accounting records is their lack of knowledge in accounting. The financial management practices followed by the MSEs in Manipur are only fire-fighting in nature and no standard rules or procedures are followed for managing their finance. Finally, the study suggested that both the Central and the State Government should make strict rules and regulations to adopt accounting and financial management practices to each and every MSEs operating in the state. KEYWORDS: Accounting practices, Accounting records, Financial management, Micro and Small Enterprises (MSEs), Manipur

scholarly journals Determinants of Financial Management Practice: The Case of Micro and Small Enterprises in East Gojjam Zone, Ethiopia

2020 ◽  
Author(s):  
Gedefaw Asres ◽  
Beza Muche Teka
Keyword(s):  
Financial Management ◽  
Management Practice ◽  
Multiple Linear Regression Model ◽  
Management Training ◽  
Small Enterprise ◽  
Primary Data ◽  
Systematic Sampling ◽  
Small Enterprises ◽  
The Status ◽  
Micro And Small Enterprises

Abstract PurposeFinancial management is defined as the overall arrangement for planning, directing, monitoring, organizing, and controlling of the economic resources of an organization, with a view to efficient accomplishment of the enterprise objectives. It is well recognized that financial management practice has a key reason for the success of those enterprises and it is the main issue for any business type. However, the status of effective financial management practice in developing countries especially in Ethiopia is at its infant stage. Thus, the main objective of the study is to investigate the determinants of financial management practice of micro and small enterprises in East Gojjam Zone. MethodThe type of research applied in this study is explanatory/causal/ in nature. Questionnaires were used to collect primary data. The combination of purposive stratified and systematic sampling techniques were applied to select respondents. A multiple linear regression model was used to test the casual relationship between the study variables.FindingsThe findings indicated that financial management knowledge, financial management attitude, size of enterprise, locus of control, and use of information technology have positive and significant effect on financial management practice. However, gender, owner’s age, and enterprise age have no statistically significant effect on financial management practice of micro and small enterprises.SuggestionThe study suggested that financial management experts should provide financial management training for micro and small enterprise owners/managers.

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