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标题：The survival of business enterprises and access to finance:the case of 4 African countries
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作者：Yohannes Worku ; Mammo Muchie
期刊名称：Problems and Perspectives in Management
印刷版ISSN：1727-7051
电子版ISSN：1810-5467
出版年度：2019
卷号：17
期号：1
页码：326-338
DOI：10.21511/ppm.17(1).2019.28
语种：English
出版社：LLC "CPC "Business Perspectives"
摘要：Microfinance institutions render essential services to start-up small,micro,medium_x005f_x005f_x0002_sized enterprises (SMMEs) by way of extending loans to entrepreneurs.SMMEs oper?ating in South Africa have relatively better access to microfinance loans in comparison with those operating in Nigeria,Kenya and Ethiopia.A survey was conducted in order to compare the relative ease of access to microfinance loans in South Africa,Nigeria,Kenya and Ethiopia based on a survey conducted in the four Sub-Saharan African countries.The ease of access to microfinance loans was assessed based on criteria de?fined by Barry and Tacneng (2014).A total of 401 SMMEs participated in the study.Loan applicants were asked to provide answers to questions that indicated the ease of securing loans and meeting loan repayment conditions.Emphasis was placed on the demand for collateral as a requirement for extending loans to applicants,the assess?ment of entrepreneurial and auditing skills of loan applicants,the difficulty of meeting loan repayment conditions,and adherence to regulations and guidelines recommend?ed by governments.Descriptive,bivariate and multivariate methods of data analyses were used for data analyses.The study found that about 21% of SMMEs were satisfied with the ease of securing loans,whereas the remaining 79% of SMMEs did not.The ease of access to microfinance loans varied by country in which South African loan applicants were the most satisfied in comparison with the remaining three countries.Securing microfinance loans,as well as fulfilling loan repayment conditions were easi?est in South Africa,and most difficult in Ethiopia.In terms of ease of securing loans and meeting loan repayment conditions,the order of nations was ranked as South Africa,Nigeria,Kenya and Ethiopia.In all four countries,the ease of access to microfinance loans was influenced by country of business operation,extent of benefits real?ized by SMMEs,and highest level of formal education.
关键词：Microfinance institutions render essential services to start-up small,micro,medium_x005f_x005f_x0002_sized enterprises (SMMEs) by way of extending loans to entrepreneurs.SMMEs oper?ating in South Africa have relatively better access to microfinance loans in comparison with those operating in Nigeria,Kenya and Ethiopia.A survey was conducted in order to compare the relative ease of access to microfinance loans in South Africa,Nigeria,Kenya and Ethiopia based on a survey conducted in the four Sub-Saharan African countries.The ease of access to microfinance loans was assessed based on criteria de?fined by Barry and Tacneng (2014).A total of 401 SMMEs participated in the study.Loan applicants were asked to provide answers to questions that indicated the ease of securing loans and meeting loan repayment conditions.Emphasis was placed on the demand for collateral as a requirement for extending loans to applicants,the assess?ment of entrepreneurial and auditing skills of loan applicants,the difficulty of meeting loan repayment conditions,and adherence to regulations and guidelines recommend?ed by governments.Descriptive,bivariate and multivariate methods of data analyses were used for data analyses.The study found that about 21% of SMMEs were satisfied with the ease of securing loans,whereas the remaining 79% of SMMEs did not.The ease of access to microfinance loans varied by country in which South African loan applicants were the most satisfied in comparison with the remaining three countries.Securing microfinance loans,as well as fulfilling loan repayment conditions were easi?est in South Africa,and most difficult in Ethiopia.In terms of ease of securing loans and meeting loan repayment conditions,the order of nations was ranked as South Africa,Nigeria,Kenya and Ethiopia.In all four countries,the ease of access to microfinance loans was influenced by country of business operation,extent of benefits real?ized by SMMEs,and highest level of formal education.