SME Financing for Entrepreneurship Development: Evidence from Bangladesh
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 6
Abstract
This study attempts to evaluate the contribution of SME financing for entrepreneurship development in Bangladesh. The study was mainly based on primary sources of data collected through administering semistructured questionnaire at different upazila under Mymensingh district. Some secondary sources of data also used in the study. Dichotomous variable was used to ascertain the contribution. Descriptive statistics like frequency, percentile, and inferential statistics like likelihood-ratio chi-square, Fisher's exact test, and Binary logistic regression was used. Nagelkerke R Square (0.814) indicates that the model is good but not great. The classification result testimony the goodness of the model because the model is able to classify almost 95.2% result correctly. Age of the respondents, business age, number of employees, initial capital, share of loan, training on SME, and livelihood status contribute to the model where as sex of the respondents, education level, ownership type does not contribute to the model. Some valuable suggestions came from the respondents to accelerate the scenario of entrepreneurship development through SME financing. The suggestion includes make loan available, reduce the interest rate, reduce complexity of getting loan, relax the terms of loan, increase training for the entrepreneur, increase training and loan facilities for educated people, expand the scope of SME financing organization, and need to be more cooperative of the employees of the SME financing organizations.
Authors and Affiliations
Dr Shakhawat Hossain Sarkar, Md. Shafiqul Islam, Md. Abdul Khalek
Keywords
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- EP ID EP429978
- DOI 10.9790/5933-0906031430.
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