Repositioning Small and Medium Scale Enterprises for Growth: Focus on Rural Women Entrepreneurs in Abia State, Nigeria
Journal Title: International Journal of Home Economics, Hospitality and Allied Research - Year 2022, Vol 1, Issue 2
Abstract
Entrepreneurship is a potential tool for economic transformation, considering the impact it has on employment, wealth generation, and spurring local entrepreneurship. Thus, women entrepreneurs the world over, have continued to contribute significantly to the growth and development of their economies through this medium. This paper assessed the ways in which rural women SMEs can be repositioned for maximum growth, based on two objectives: to examine the factors that affect rural women SMEs; and to ascertain the determinants of growth of rural women SMEs. The paper utilized survey research method, and deployed a structured questionnaire based on the 5-point Likert scale. 250 participants were drawn for the study, while face and content validity techniques were employed. Reliability rate was determined using Pearson’s Correlation Coefficient Statistical Procedure. Findings revealed that rural women entrepreneurs are plagued with challenges ranging from lack of quality education, poor state of infrastructure, ineffective credit system as well as a harsh business climate. As a result, factors such as improved market access, ensuring an effective value chain, increased competitiveness, enhanced market entry, quality education/skill acquisition, efficient credit system, adequate infrastructure, and a friendly and enabling business environment were advocated for. The paper recommended among others, the need for financial inclusion and efficient credit system for rural women to enhance the growth of their SMEs.
Authors and Affiliations
Elsie N. Alozie
Keywords
Related Articles
- EP ID EP712733
- DOI https://doi.org/10.57012/ijhhr.v1n2.005
- Views 51
- Downloads 0
Coping Strategies Families Can Adopt to Manage Challenges of Climate Change in Adamawa State, Nigeria
Climate change is one of the most critical environmental challenges confronting human existence in the 21st century. This study investigated the coping strategies that families can adopt to manage challenges of climate c...
Assessment of Proximate, Minerals and Amino Acids Content of Black Plum (Vitex doniana) Young Leaves as Dietary Vegetable Substitute
Vegetables have been widely used for their health-promoting properties, as they have been found to be rich in minerals, and phytochemicals. The utilization of available leaves rich in essential nutrients is limited in th...
Cost-Effective Meal Planning Strategies for Maintaining Nutritional Quality in Financial Hardship among Families in Plateau State, Nigeria
This study addresses the issue of maintaining nutritional quality amidst financial hardship faced by families in Plateau State, Nigeria. Surveys research designed was used for the study. The study covers 3 local governme...
Determination of Shelf Life of Instant Melon (Citrulluscolocynthis) Soup Powder for Working-Class Mothers in Lagos, Nigeria
The study developed and determined instant melon (Citrulluscolocynthis) soup powder’s shelf life for working-class mothers in Lagos, Nigeria. The study adopted research and development design. The population for the stud...
Attitude and Electricity-Saving Behaviors among Household Users of Electricity in Nsukka, Nigeria
Household electricity consumption rates are increasing globally. However, saving electricity can decrease energy use, avoid wastage, and save financial resources for households. Therefore, this study was conducted to det...