Abstract
Financial literacy level of MSMEs (Micro, Small, and Medium Enterprises) is only 15.68% and majority of the actors are unbanked. The level of MSMEs actors’ financial literacy is important in business sustainability. This study aims to measure level of MSMEs financial literacy and determine its correlation with demographic and economic variables as well as designing models to increase the literacy.Results show that 51 (25.5%) actors of MSMEs have low literacy level, 105 (52.5%) have moderate level, and the rest of 44 (22%) have high literacy level. Contingency Coefficient of <0.6 indicates that demographic and socioeconomic correlation is less strong in level of literacy.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.