Examining the Impact of Micro-Credits Financing on Small Scale Enterprises’ (SSEs) Survival in an Emerging Market, Nigeria.
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Date
2019-05-25
Journal Title
Journal ISSN
Volume Title
Publisher
Archives of Business Research
Abstract
There were tens of thousands of small scale enterprises (SSEs) operating within
business environment in Nigeria, but continuous under-development, inability to
access loanable funds, lack of innovation and weak capital base have characterized the
informal market and chances of survival have become doubtful and bleak. To this
extent, the study examined the impact of micro-credits financing on SSEs’ survival in an
emerging market, Nigeria. Primary source of data was through questionnaire. A
regression method - simple Ordinary Least Square (OLS) method was adopted to
analyze the responses gathered through the research instrument. The result showed
that R2 = 0.846, which explained the variations in SSEs survival by micro-credit
behavioral funding pattern of micro-banks; while overall result was statistically
significant (p˂0.05). The paper concluded that SSEs were often used as indices to
measure the level of industrialization. The paper however recommended that
policymakers and other stakeholders sx hould consistently review policies guiding the
establishment and operations of informal market in order to achieve the expected
target of sustainability.
Description
Staff Publication
Keywords
Small scale enterprises,, Survival, Financing,, Micro-credits,, Nigeria.
Citation
Obadeyi, J. A., Adesuyi, I. O., & Olubodun, I. E. (2019). Examining the Impact of Micro-Credits Financing on Small Scale Enterprises’ (SSEs) Survival in an Emerging Market, Nigeria. Archives of Business Research, 7(5), 182-193.