Growth Of Small Enterprises Research Articles

Effect of Commercial Bank Services on the Growth of Small and Medium Enterprises in Rwanda: A Case of Manufacturing Small and Medium Enterprises Bankrolled by Bank of Kigali

Effect of Commercial Bank Services on the Growth of Small and Medium Enterprises in Rwanda: A Case of Manufacturing Small and Medium Enterprises Bankrolled by Bank of Kigali

Determinants of women-owned micro- and small tourism enterprise growth in Bale Zone, South Ethiopia

ABSTRACT Gender gaps in tourism entrepreneurship are wide in Ethiopia, and women entrepreneurs underperform more often than men entrepreneurs. This study aimed to explore the determinants that affect the growth of women-owned micro and small enterprises (MSEs) in the tourism sector. Stratified random sampling was used to select 238 women-owned enterprises and analyse the data collected from them using a logit regression model. The findings show that being an older operator and operating a micro- (instead of small) enterprise have a negative effect, but family size, operator’s experience, credit access, and training received by the operator have positive effects on growth. These findings give useful information to relevant stakeholders, the Government of Ethiopia, and governments in other African countries to promote and empower women to grow their tourism MSEs.

Melalui Workshop Tingkatkan Kreatifitas Remaja Menuju Kemandirian Ekonomi di Gampong Releut Timu Kecamatan Muara Batu Kabupaten Aceh Utara

Releut Timu is a village located in the Muara Batu sub-district of Lhokseumawe City, Aceh Province. This sub-district has a significant population, including a large number of youth aged between 15 and 24 years old. In terms of the economy, the youth in Releut Timu face limited opportunities. The majority of them still rely on their parents or families for financial support. Unemployment rates among the youth are also quite high, making it difficult for them to find decent jobs. This can result in limited access to income and economic opportunities. Furthermore, the economic infrastructure in Releut Timu is also limited, leading to limited business opportunities or job prospects for the youth. Some of them may be forced to work in the informal sector, such as street vendors or daily laborers, which provides unstable and insufficient income. To address these challenges, it is necessary to conduct a workshop that can stimulate creativity and enhance the growth of micro, small, and medium enterprises (MSMEs), thereby increasing income. The outcome of this workshop would be the emergence of creative ideas from the youth, and their ability to implement these ideas into various products, such as flowers, bags, hijab accessories, and more. Key words: Workshop, Creative Ideas, Products, Youth

EFFECT OF FINANCIAL LITERACY, EDUCATION LEVEL AND GENDER ON THE GROWTH OF SMES: EMPIRICAL STUDY ON THE COVID19 PANDEMIC CONDITIONS

This study aims to examine the effect of Financial Literacy, Education Level and Gender on the Growth of Small and Medium Enterprises (SMEs) in the Creative Economy Sector in the Mandalika Special Economic Zone (SEZ). The data was collected using the survey sample method, and the number of samples in this study was 50 SMEs. The sample was taken using a simple random sampling technique. The independent free variables are Financial Literacy, Education Level and Gender, while the dependent variable is SME Growth. Technique Analysis data is multiple linear regression, which conducted using the 2016 version of SPSS. The results showed that financial literacy and education level have a positive and significant effect on SMEs growth. Meanwhile, gender has a positive, but not significant effect on the growth of SMEs.
 Keywords:
 Financial Literacy, Education Level, Gender and SMEs Growth

An Analysis of Government Support Programs for Small Business Development and Growth

<p class="normal">Small and medium-sized businesses (SMEs) are very important for many countries' economic and social growth. They constitute a significant proportion of employment, innovation, and value creation across diverse sectors and regions. But small businesses also have many problems that make it hard for them to grow and be good at what they do. For example, they might not have enough money or the right tools or information to compete. To help small businesses succeed, governments around the world have created programs and policies that give them money, help with their business needs, and help with their organization.</p><p class="normal">The impact of government support programs on SME development and growth holds significant interest and significance for policymakers, researchers, practitioners, and entrepreneurs. Nonetheless, the evidence regarding the efficacy and efficacy of these programs is ambiguous and uncertain. Some studies have shown that government support helps SME performance indicators, such as sales, profits, employment, productivity, innovation, and exports. Other studies have found that government support for SME outcomes is negative or doesn't affect them at all, or that there is a lot of variation among different types of programs, beneficiaries, contexts, and methods.</p>This paper aims to provide a comprehensive and critical analysis of the literature regarding the impact of government support programs on the development and growth of small and medium enterprises. It includes both theoretical and empirical studies that examine the rationale, design, implementation, evaluation, and outcomes of various forms of government support for SMEs. A <em>questionnaire based survey</em> consisting of geographically unique SMEs was conducted. 68 SMEs had opted to provide responses to the questionnaire based on research the hypothesis of this study. In addition, it discusses the main challenges and limitations of the existing literature, and provides recommendations for further research and practice.

Evolutionary Game Analysis of Open Financing Models for Small and Medium-Sized Internet Education Enterprises

The open financing models combine traditional financing and network financing, which plays an important role in alleviating the financing constraints of small and medium-sized education enterprises and is conducive to promoting the growth of small and medium-sized education enterprises. Based on the systematic review of evolutionary game theory, the characteristics of evolutionary game theory and its differences with game theory, this paper first constructs the game process analysis of the open financing mode of small and medium-sized Internet education enterprises, and proposes the stabilization strategies of the participants through the model analysis. On this basis, the financing model is improved by introducing the constraints of individuals, loan companies, government and intermediaries, and the open financing game process is theoretically analyzed and mathematically derived. The conclusions of the study provide an important reference for promoting the open financing model of small and medium-sized Internet education enterprises.

Study on Open Financing Models of Small and Medium-Sized Internet Education Enterprises

Small and medium-sized Internet education enterprises have faced financing difficulties and expensive financing due to their small size, low assets and lack of collateral. The development of the Internet, big data and sharing economy provides new ideas for small and medium-sized Internet education enterprises to alleviate financing difficulties. This paper combines the traditional financing model with the internet financing model to construct an open financing model for small and medium-sized internet education enterprises, which has the characteristics of multi-subject participation, openness, high efficiency, omni-directionality, resource integration, etc., and is able to effectively solve the information asymmetry, reduce the financing risk, and improve the efficiency of financing faced in the financing process. The conclusion of the study provides a reference for solving the financing constraints of small and medium-sized Internet education enterprises, which is conducive to promoting the growth of small and medium-sized Internet education enterprises.

Influence of Social Entrepreneurship Training on Job Creation in Ilorin's Small Business Sector

Small and medium enterprises, particularly micro-businesses have been the rescue platform for the survival and sustainability of the poor, unemployed youths and women as well as being the nursery-bed of entrepreneurship development in the nation. The study analyzes the influence of social entrepreneurship training on job creation in Ilorin's small business sector. The study focuses on understanding the impact of social entrepreneurship training programs on the ability of small business owners in Ilorin to create employment opportunities. The study adopted a descriptive survey research design. The study sampled 226 small business enterprises out of 520 using the Taro Yamane Coefficient of Variation formula. The researcher's instrument for data collection was a well-structured five-point Likert scale questionnaire which was administered to entrepreneurs from each selected entrepreneurial business type comprised of poultry farming, snail rearing, Rabbit rearing and 58 fish farming. The study adopted regression analysis and Pearson product moment correlation coefficient to test the hypotheses. The findings reveal that social entrepreneurship training has a significant positive influence on job creation in Ilorin's small business sector. Small business owners who have received training are more likely to create employment opportunities compared to those who have not undergone any training. It was concluded from the findings of the study that the social entrepreneurship development programs have greatly contributed to the rate of growth of small business enterprises in Ilorin.

Effect of Financial Literacy and Access to Capital on the Growth of Micro, Small, and Medium Enterprises

This study aims to determine and analyze effect of financial literacy and access to capital on the growth of Micro, Small, and Medium Enterprises. This study applies a quantitative research design. Population in this research is Micro, Small, and Medium Enterprises in Medan City. Sampling technique used purposive sampling with a sample of 50 respondents from Micro, Small, and Medium Enterprises in Medan City. Testing the hypothesis in this study using multiple linear regression. The results show that financial literacy has a positive and significant effect on the growth of Micro, Small, and Medium Enterprises. Access to capital has a positive and significant effect on the growth of Micro, Small, and Medium Enterprises.

Measuring Financial Inclusion Index for Developing Countries

This research focuses on the multifaceted realm of financial inclusion within Developing Countries. It unfolds a meticulous exploration by formulating a financial inclusion index based on data extracted from a sample comprising 75 Developing Countries, spanning the period from 2010 to 2018. The index's creation comprises of two distinct stages. In stage one, a principal component analysis is applied to derive sub-indices encapsulating the dimensions of access, utilization of financial services, technological advancements, and infrastructure, drawing from an array of 24 financial indicators. Subsequently, the second stage normalizes values within each dimension, culminating in an overall index through the application of the Euclidean Formula. The findings of this study emphasized the pivotal role of a National Financial Inclusion Strategy in enhancing financial inclusion in each respective country. Customization of these strategies to align with specific economic goals of each nation is paramount. Central to these objectives are primary priorities, which diverge among countries. Notably, countries like Romania, Serbia, and Mauritius place a premium on fostering financial literacy, while others such as Pakistan, Costa Rica, Rwanda, and Guinea emphasize the growth of Small and Medium Enterprises. In contrast, nations like Guatemala, Mauritania, Thailand, and Ukraine concentrate on expanding their financial networks. Furthermore, countries grappling with low levels of financial inclusion attribute this challenge to factors such as deficient financial literacy, the absence of a well-defined financial inclusion strategy, financial constraints, a preference for traditional financial services, and limited awareness surrounding digital innovations. Conversely, nations boasting moderate levels of financial inclusion, yet not progressing towards higher levels, point to the dearth of technological innovation and restricted prudential measures as pivotal stumbling blocks. This comprehensive analysis underscores the necessity of dynamic strategies tailored to individual countries to achieve robust financial inclusion on a global scale.

The interplay of entrepreneurial motivations, job attractiveness and family-owned SMEs growth: evidence from China Pakistan Economic Corridor region

PurposeThe purpose of this study is to provide a nuanced explanation of the linkage between entrepreneurial motivations, job attractiveness and growth of family-owned small and mid-sized enterprises (SMEs) using expectancy and institutional theories.Design/methodology/approachThe data was collected from small family business owners and job seekers in the same companies during interview time using a simple random technique.FindingsThe study found that three EMs among small business owners play a pivotal role in family SME business growth in underdeveloped trade regions like China–Pakistan Economic Corridor. These firms are interested in investing in seaport-related commerce, restaurants or hotels and real estate business.Practical implicationsThe government, small family business owners, universities and regional youth can use this applied research for their benefits alike.Originality/valueThe study contributes in multiple ways. First, the authors brought a unique context in the emerging economies context of an informal economy like Pakistan. Second, the authors have uniquely tested the moderating role of job attractiveness in the least developed regions. Finally, the authors have integrated family SMEs’ expectancy theory and institutional perspective.

The Analysis of the Digital Transformation of Small and Medium-sized Enterprises in China

With the development and broad adoption of digital technology, digital transformation (DT) is becoming an increasingly crucial factor in the long-term growth of small and medium-sized businesses (SMEs). SMEs account for the majority of employment and tax revenue in China. Yet, as a result of COVID-19 and the economic depression, Chinese entrepreneurs are confronted with several hurdles and obstacles. Thus, the purpose of this study is to identify suitable methods for SMEs adoption and applicationof DT by analyzing existing literature and statistics and the successful caseof DT adoptionby existing firms. According to the study, digital assessment, corporate operations and management with DT, digital ecosystem integration, and optimization of DT practices would increase efficiency, expand market reach, enhance competitiveness, and facilitate collaboration. So, the results give the Chinese government policy suggestions for the long-term, sustainable growth of small and medium-sized enterprises (SMEs) and practical advice for dealing with economic changes after an epidemic.

Pentingnya Kesadaran Hukum Masyarakat untuk Meningkatkan Daya Saing Usaha Mikro, Kecil dan Menengah (UMKM) di Era Digital pada Kelurahan Sembulang Kecamatan Rempang Pulau Galang Kota Batam

Purpose: This study discusses the importance of public legal awareness to increase the competitiveness of Micro, Small and Medium Enterprises (MSMEs) in the digital era in Sembulang Village, Rempang District, Galang Island, Batam City.
 Methodology: Through a normative juridical approach, this study analyzes regulations and legal norms related to MSMEs. Using regulatory, historical, and comparative approaches, this study identifies the important role of these regulations in facilitating the growth of MSMEs in the digital era.
 Result: The results show that the Indonesian government has taken diverse and comprehensive actions to support the growth of Micro, Small and Medium Enterprises (MSMEs) in the digital era. Through digital infrastructure policies, tax incentives, personal data protection, regulatory simplification, cooperation with technology companies, access to digital financing, and digital training, the government seeks to create a conducive environment for MSMEs to innovate and compete in the digital economy. With an inclusive approach and strong support, MSMEs have a greater opportunity to utilize digital technology, expand market reach, and contribute significantly to Indonesia's economic growth in this digital era. A deep understanding of the types of standard certificates.

Implications of Indirect Tax, Business Premises Levy, Development Levy and Advertisement Levy on the Growth of Small and Medium Scale Enterprises in South-East, Nigeria

Implications of Indirect Tax, Business Premises Levy, Development Levy and Advertisement Levy on the Growth of Small and Medium Scale Enterprises in South-East, Nigeria

Influence of Knowledge Sharing, Innovation Capacity, Firm Performance in Nigerian Agro-clusters

Collaboration and cooperation among entrepreneurs and enterprises have created strategies to improve well-being and create sustainable businesses to foster regional development. Therefore, this paper investigates the relationship between knowledge sharing, innovation and socio-economic growth of micro, small and medium enterprises (MSMEs) in Nigeria's rabbit farming e-clusters space. The web survey method was adopted by employing five Likert scale questionnaires through social media platforms respondents. 78 valid respondents were collected from MSMEs in rabbit farming e-clusters. The hypothesis was tested using the structural equation modelling (SEM) approach. The finding suggests knowledge sharing, innovation capacity, and firm performance positively influence the socio-economic growth of rabbit farmers in e-cluster. Social media platforms, including WhatsApp, Facebook and Telegram, prove that farmers not in the same geographical location are not a barrier to the benefit of clusters. This study proposes that knowledge sharing, innovation capacity and firm performance within an e-cluster improved the socio-economic growth of farmers. The acceptance of a physical-less business cluster that would reduce the rural-urban migration of agribusiness can be achieved. This study contributes to the literature on knowledge transfer, innovation and firm performance in e-cluster rabbit farming. A new dimension to the Industrial Cluster model by adapting to a virtual agglomeration of business and social media platforms.

Contribution of Microfinance Institutions in the Growth of Small and Medium Enterprises in Tanzania: Evidence from Trade Enterprises in Moshi Municipality

Small and Medium Enterprises (SMEs) in developing and developed countries play a vital role in economic development. Despite their crucial role in the economy, SMEs continue failing in large numbers due to various problems that Microfinance Institutions (MFIs) claim to offer solutions such as access to finance. This study intended to assess microfinance institutions' contribution to SMEs' growth. Precisely, the study aimed at examining the contribution of credit to SMEs, determining the extent to which entrepreneurial training contributes to the growth of SMEs, and examining the contribution of MFIs technological innovations to the growth of SMEs. The study used a cross-sectional research design with a sample size of 231 respondents to collect the information required. Multiple Regression Analysis (MRA) and descriptive statistics were used in data analysis, whereas graphs and tables were used to present the results. It was found that MFIs play an important role in providing services to SMEs. With access to credit, the adjusted R2 was 50.3%, indicating a highly positive relationship between access to credit and SMEs’ growth. The results of entrepreneurial training also showed an adjusted R2 of 38.8%, implying a normal positive relationship between entrepreneurial training and SMEs’ growth. It can, therefore, be concluded that MFIs play an important role in facilitating the growth of SMEs. However, it was also revealed that the SMEs were still struggling to have a high pace of growth due to unfavorable credit terms, less entrepreneurial training, and low awareness of technological innovations. The study recommended that the MFIs improve the credit terms, and the government should also intervene in the activities of MFIs by creating policies aiming to favor the SMEs to improve the sector.

Effect of Ease of Doing Business and Entrepreneurship Training on Sales Growth of Small and Medium Enterprises in Gboko Metropolis, Benue State, Nigeria

The study examined the effect of ease of doing business and entrepreneurial training on sales growth of SMEs in Gboko metropolis, Benue State, Nigeria. The study employed a survey design and hence made use of a structured questionnaire (Four Likert Scale) designed by the researcher to gather data. Four research questions and four hypotheses guided the study. Reliability (Cronbach Alpha) estimate of 0.941 was obtained for the questionnaire. With the aid of Taro-Yamane formula, two hundred and forty-eight (248) SME Managers operating in different sectoral activities were sampled from 650 registered SMEs in Gboko metropolis. Data were analysed using mean and standard deviation, while four hypotheses were tested using Analysis of Variance at 0.05 level of significance. Findings showed that ease of doing business and entrepreneurship training has a significant effect on sales growth of SMEs in Gboko metropolis of Benue State. The research questions were answered using mean and standard deviation, while hypotheses were tested using Analysis of Variance (ANOVA) at a 0.05 level of significance. The study found that all the p-values were less than 0.05, indicating that both variables were statistically significant in affecting sales growth of SMEs in Gboko metropolis, Benue State. The study concluded that both variables have a significant effect on sales growth of SMEs in Gboko metropolis of Benue State. The study suggests, among others, that Government should facilitate productive dialogue with private sector investors to remove barriers to doing business by deploying approaches that promote market access across the country.

Analyzing the Extent of Dollarization and Its Potential Impact on the Growth of Small and Medium Enterprises in Tanzania

The primary objective of this study was to investigate the prevalence of dollarization and its potential impact on the progress of Small and Medium Enterprises (SMEs) in Tanzania. To achieve this, an extensive review of literature was conducted to explore the various causes, types, trends, and global effects of dollarization. The research specifically focused on the Dar es Salaam region in Tanzania, employing a survey strategy that involved the distribution of questionnaires to gather data. A sample size of 160 SME representatives was chosen using stratified random sampling techniques.
 The collected data underwent analysis using the Statistical Package for Social Sciences (SPSS) software, and the findings were presented using tables, charts, figures, and percentages. The results indicated that more than 80% of the respondents were aware of dollarization and its potential implications on their businesses, expressing a predominantly negative perception towards it. However, around 20% of the participants exhibited a lack of comprehensive understanding regarding dollarization and remained uncertain about its benefits. Some respondents argued that dollarization contributes to currency instability, leading to fluctuations in prices for goods and services, as well as creating uncertainties in the foreign exchange market.
 Based on these findings, it is recommended to conduct further research and analysis to investigate the relationship between SMEs and dollarization within the context of development.

Community Empowerment Strategy in Business Capacity Development Program of PT. Permodalan Nasional Madani

This research discusses the impact of the COVID-19 pandemic on the MSME sector in Indonesia and the role of PT Permodalan Nasional Madani (PT. PNM) in facilitating the growth and empowerment of Micro, Small and Medium Enterprises (MSMEs). This pandemic has changed the landscape of the economy and society globally. MSMEs have a crucial role in economic growth and employment in Indonesia. PT PNM, as a financial institution that focuses on empowering less prosperous communities, provides financing, mentoring and training to MSMEs. PT PNM is a financial institution that focuses on empowering underprivileged communities through access to capital, mentoring and training. The PKU Division provides assistance and training to customers, especially in dealing with marketing challenges during the pandemic. This study analyzes the MSME empowerment strategy through the ACTORS theory approach and identifies success factors that contribute to the national economy. With this support, MSMEs are expected to recover and contribute more to Indonesia's economic recovery. The research uses a qualitative approach with primary data from interviews with EVP PNM, Head of PKU Division, business actors. Secondary data: PNM documents, books, articles

Entrepreneurial Networking Relations and Growth of Small and Medium Enterprises in Kenya

Entrepreneurial Networking Relations and Growth of Small and Medium Enterprises in Kenya