Analysis of Factors that affect the use of Microfinance for Microbusiness Development in Ghana

Alhassan, Yahaya, Nwagbara, Uzoechi and Salia, Samuel (2021) Analysis of Factors that affect the use of Microfinance for Microbusiness Development in Ghana. In: Microfinance and Sustainable Development in Africa. IGI Global Publishing. ISBN 9781799874997

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Abstract

This chapter examined the factors that affect the use of microfinance for microbusiness development in Ghana. The study employed semi-structured survey questionnaire to determine whether an entrepreneur’s personal attributes impede or facilitate microbusiness development in Ghana. Multiple linear regression analysis was conducted to determine the effects of entrepreneur’s personal attributes on the monthly sales, number of employees, business assets and capital stock of microbusinesses that received credit from a microfinance provider in the northern region of Ghana. The findings of the study suggest that the micro-entrepreneurs prior work experience, occupation and prior income facilitate the use of microfinance for microbusiness development. These findings have policy implications for the government of Ghana and other agencies that are interested in using microfinance as a catalyst for economic growth in deprived communities in the country.

Item Type: Book Section
Subjects: Business and Management > Accounting and Finance
Business and Management > Business
Business and Management > Business and Management
Divisions: University of Sunderland in London
Related URLs:
Depositing User: Yahaya Alhassan
Date Deposited: 26 Nov 2021 11:54
Last Modified: 26 Nov 2021 11:56
URI: http://sure.sunderland.ac.uk/id/eprint/14190
ORCID for Yahaya Alhassan: ORCID iD orcid.org/0000-0001-6700-635X
ORCID for Samuel Salia: ORCID iD orcid.org/0000-0002-5651-5009

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