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Role of Microfinance for Entrepreneurial Success

Role of Microfinance for Entrepreneurial Success

Mufaro Dzingirai, Neeta Baporikar
Copyright: © 2021 |Volume: 11 |Issue: 1 |Pages: 16
ISSN: 1947-8585|EISSN: 1947-8593|EISBN13: 9781799860846|DOI: 10.4018/IJEEI.2021010101
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MLA

Dzingirai, Mufaro, and Neeta Baporikar. "Role of Microfinance for Entrepreneurial Success." IJEEI vol.11, no.1 2021: pp.1-16. http://doi.org/10.4018/IJEEI.2021010101

APA

Dzingirai, M. & Baporikar, N. (2021). Role of Microfinance for Entrepreneurial Success. International Journal of E-Entrepreneurship and Innovation (IJEEI), 11(1), 1-16. http://doi.org/10.4018/IJEEI.2021010101

Chicago

Dzingirai, Mufaro, and Neeta Baporikar. "Role of Microfinance for Entrepreneurial Success," International Journal of E-Entrepreneurship and Innovation (IJEEI) 11, no.1: 1-16. http://doi.org/10.4018/IJEEI.2021010101

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Abstract

The main objective of the paper is to analyze the influence of microfinance on entrepreneurial success of Zimbabwean SMEs. Adopting explanatory research design with a sample that constitutes 120 business owners of SMEs in Gweru district data collection was through questionnaire administering that used Likert scale-type questions. The hypotheses are analyzed using Spearman's correlation and regression analysis in order to empirically establish the influence of microfinance on entrepreneurial success. The main regression results show a strong positive relationship between microfinance and entrepreneurial success, a weak negative relationship between the business owner's age and entrepreneurial success, and a positive relationship between the level of studies and entrepreneurial success of Zimbabwean SMEs.

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