Abstract
This study used Lussier’s model (1995) to identify the level of economic well-being of Amanah Ikhtiar Malaysia’s (AIM) borrowers in the variables of entrepreneurial thinking, entrepreneurial behaviour and entrepreneurial competency. This study used quantitative analysis based on survey research design involving a sample 641 respondents in Terengganu. The alpha reliability value of the whole variable ranges from 0.860 to 0.911. Quantitative data was depicted using mean scores, percentages, standard deviations, ANOVAs and multiple regressions. Correlation analysis showed that there is a strong relationship between entrepreneurial thinking and entrepreneurial competency with the level of economic well-being of the borrowers while there is a weak relationship between entrepreneurial behaviour and the level of family economic well-being of the borrowers. The implications of this study’s suggest that AIM funding should be continued but some weaknesses need to be improved especially from the aspect of education and training for the AIM borrowers. While the implications of this study’s theory show that Bird’s Entrepreneurial Competency Theory (1995) and Nor Aishah’s Entrepreneurial Thinking Model (2010; 2007) has proven that entrepreneurial competency and entrepreneurial thinking have a profound effect on the success factors of AIM borrowers in Terengganu.
Highlights
The main goal of microcredit program is to help poor households generate income through micro-activities improving their well-being (Francis, 2013)
This study focuses on the success factors of Amanah Ikhtiar Malaysia (AIM) entrepreneurs, namely entrepreneurial thinking, entrepreneurial behaviour and entrepreneurial competency which are seen to affect the success and well-being of AIM borrowers based on their the level of satisfaction in the borrowers’ household economy such as satisfaction in asset ownership including housing and vehicles, total income as well as income distribution
In overall, the level of family economic well-being AIM borrowers is at a moderate level
Summary
The main goal of microcredit program is to help poor households generate income through micro-activities improving their well-being (Francis, 2013). Numerous studies have proven that access to financial aid programs such as microcredit program can improve productivity, management skills and the quality of life of low-income households (Morduch & Haley, 2002; Parker & Nagarajan, 2001). It was proven that that microcredit program has successfully reduced income inequality in 61 developing countries (Hisako & Hamori, 2009). This study focuses on the success factors of AIM entrepreneurs, namely entrepreneurial thinking, entrepreneurial behaviour and entrepreneurial competency which are seen to affect the success and well-being of AIM borrowers based on their the level of satisfaction in the borrowers’ household economy such as satisfaction in asset ownership including housing and vehicles, total income as well as income distribution. The aim of this study is to identify the level of AIM borrowers’ well-being in terms of household economy
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