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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

Item Type: Book Section


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.

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Final Manuscript - Factors thar affect Microbusiness Development.pdf - Accepted Version
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Related URLs:
Depositing User: Yahaya Alhassan


Item ID: 14190
Identification Number:
ISBN: 9781799874997
Official URL:

Users with ORCIDS

ORCID for Yahaya Alhassan: ORCID iD
ORCID for Samuel Salia: ORCID iD

Catalogue record

Date Deposited: 26 Nov 2021 11:54
Last Modified: 25 Jan 2022 08:49


Author: Yahaya Alhassan ORCID iD
Author: Samuel Salia ORCID iD
Author: Uzoechi Nwagbara

University Divisions

University of Sunderland in London


Business and Management > Accounting and Finance
Business and Management > Business
Business and Management > Business and Management

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