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Exploring challenges affecting the growth of women entrepreneurs in the micro- finance sector in Harare, Zimbabwe Josphat Nyoni, Patricia Matore, Martin Dandira & Kandjinga Elias

Exploring challenges affecting the growth of women entrepreneurs in the micro- finance sector in Harare, Zimbabwe

Author (s)

Josphat Nyoni, Patricia Matore, Martin Dandira & Kandjinga Elias

Abstract

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The purpose of the study was to explore challenges affecting the growth of women entrepreneurs in the micro finance sector. This was necessitated by the importance of growth of women entrepreneurs to economic development of countries.  An exploration research design was adopted for this study. Data was collected using a structured questionnaire and interviews from 200 female entrepreneurs in the micro finance sector in Harare. The results showed that the social factors such as too many family responsibilities, segregation in terms of accessing capital resources and gender stereo typing were negatively affecting the growth and success of women owned micro-finance institutions. The study noted that business environment factors such as hyperinflation, weak currency, low demand for loans due to poverty, and unemployment and unpredictable policies were negatively affecting the growth of women owned micro finance institutions. The study also noted that regulations from the Central Bank on the operations, registration and licensing of micro-finance had not significantly affected the growth of women owned micro-finance institutions in Harare. The main limitations of the study are that the findings may not be generalized to all female owned entrepreneurs in Zimbabwe because the sample was drawn from Harare so they may be a need to make use of a larger sample. The findings of this study are of value to the operations and successful growth of women owned financial sector, Reserve Bank of Zimbabwe, the government of Zimbabwe and the women in general. Identification of the challenges will shape and inform all future intervention policies and programs to support the growth of women owned micro-finance sector in Zimbabwe. In addition, the growth of women entrepreneurs will reduce poverty among women, promote economic empowerment and lead to gender equality. The findings of this study are based on the data collected from women who own and operate micro-finance institution in Harare and hence the challenges identified are original and true. This implies that addressing the challenges identified in this study will lead to growth and success of women owned micro-finance institutions.

 Keywords: Female entrepreneurs, growth of women entrepreneurs, Microfinance, economic empowerment , Zimbabwe.

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Title: Exploring challenges affecting the growth of women entrepreneurs in the micro- finance sector in Harare, Zimbabwe
Author: Josphat Nyoni, Patricia Matore, Martin Dandira & Kandjinga Elias
Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.4561669
Media: Online
Volume: 5
Issue: 4
Acceptance Date: 30/01/2021
Date of Publication: 25/02/2021
PDF URL: https://ijsab.com/wp-content/uploads/711.pdf
Free download: Available
Page: 158-165
First Page: 158
Last Page: 165
Paper Type: Research Paper
Current Status: Published

 

Cite This Article:

Josphat Nyoni, Patricia Matore, Martin Dandira & Kandjinga Elias (2021). Exploring challenges affecting the growth of women entrepreneurs in the micro- finance sector in Harare, Zimbabwe. International Journal of Science and Business, 5(4), 158-165. doi: https://doi.org/10.5281/zenodo.4561669

Retrieved from https://ijsab.com/wp-content/uploads/711.pdf

 

About Author (s)

Josphat Nyoni (corresponding author), Women’s University in Africa, Harare, Zimbabwe. Email: jnyoni664@gmail.com

Patricia Matore, Women’s University in Africa, Harare, Zimbabwe.

Martin Dandira, Namibia University of Science and Technology, Namibia.

Kandjinga Elias, Namibia University of Science and Technology, Namibia.

 

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DOI: https://doi.org/10.5281/zenodo.4561669

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Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa Alier Maker Ghai Duk

  Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa

Author (s)

Alier Maker Ghai Duk

Abstract

Poverty eradication is a continuous global incident, however the global severity have never been the same, on that specific note, developing countries such as Sub Saharan Africa countries (SSAC) with wide scale poverty prevalence have employed various poverty reduction institutions such as microfinance institutions as appropriate mechanisms to remove many poor people from poverty trap. A sample of 200 microfinance institutions from 30 Sub Saharan African countries was taken for research investigation with three-stage least square (3SLS) method adopted as appropriate model for investigation, the fondness is owing to the fact that the 3SLS is an amalgamation of the 2SLS and seemingly unrelated regressions (SUR) which produces more efficient results. From our result, as evidence suggest, there is enormous disagreement between sustainability and outreach of MFIs mission as regression results interestingly demonstrates trade-off between sustainability indicators and outreach indicators among MFIs in Sub Saharan Africa. Furthermore, from regression outcome, we found no complementary relationship between sustainability and outreach,  additionally as evidence further suggest, we see that, the degree of different of coefficient on influence of sustainability on outreach is slightly bigger compare to degree of influence of outreach on sustainability, from that view, we deduced that concentrating on sustainability in Sub Saharan Africa is tremendously dangerous to the social goal of microfinance institutions, this therefore concurred with the mission drift emphasized in most literatures. We have also been able to identify major institutional determinants of sustainability and outreach as yield, loan portfolio, operating expense and not-for-profit, the results are particularly important to policy makers and institutional managers in deciding matters of outreach and sustainability. furthermore, by Looking at the possibility on whether MF can lead to poverty alleviation, we found no substantial evidence in support of the fact that microfinance institutions can be final panacea for poverty alleviation in Sub Saharan Africa.

Keywords: Determinants, Sustainability, Outreach, Microfinance, Sub Saharan Africa.

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Title: Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa
Author:

Alier Maker Ghai Duk

Journal Name: International Journal of Science and Business
Website: ijsab.com
ISSN: ISSN 2520-4750 (Online), ISSN 2521-3040 (Print)
DOI: https://doi.org/10.5281/zenodo.3839937
Media: Online
Volume: 4
Issue: 6
Acceptance Date: 20/05/2020
Date of Publication: 22/05/2020
PDF URL: https://ijsab.com/wp-content/uploads/552.pdf
Free download: Available
Page: 21-43
First Page: 21
Last Page: 43
Paper Type: Research Paper
Current Status: Published

Cite This Article:

Alier Maker Ghai Duk (2020). Determinants of Microfinance Sustainability and Outreach to the Poor: Evidence from Microfinance Institutions in Sub-Saharan Africa. International Journal of Science and Business, 4(6), 21-43. doi: https://doi.org/10.5281/zenodo.3839937

Retrieved from https://ijsab.com/wp-content/uploads/552.pdf

 

About Author (s)

Alier Maker Ghai Duk, School of International Trade and Economics, University of International Business and Economics (UIBE), China.

 

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DOI: https://doi.org/10.5281/zenodo.3839937