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Role of Microfinance for Entrepreneurial Success

Author

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  • Mufaro Dzingirai

    (Midlands State University, Zimbabwe)

  • Neeta Baporikar

    (Namibia University of Science and Technology, Namibia & University of Pune, India)

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.

Suggested Citation

  • Mufaro Dzingirai & Neeta Baporikar, 2021. "Role of Microfinance for Entrepreneurial Success," International Journal of E-Entrepreneurship and Innovation (IJEEI), IGI Global, vol. 11(1), pages 1-16, January.
    • Handle: RePEc:igg:jeei00:v:11:y:2021:i:1:p:1-16
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