• Credit market participation by women-owned small scale enterprises in Wa and Jirapa districts of the Upper West region of Ghana

    Author(s):

     Benjamin Musah Abu*#, Paul Bata Domanban* and Samuel Sekyi*


    abmusah@uds.edu.gh, pdomanban@uds.edu.gh and ssekyi@uds.edu.gh
    2024-08-01 06:29:44

    47 Downloads 89 Views

    Abstract

    This study looks at owner, enterprise and credit institution characteristics that may influence access to credit, source of credit and the quantum of the credit by small scale enterprises operated by women. Literature so far has overly concentrated on access to credit by households in general. Those that focus on women do not usually look at women as entrepreneurs and how their entrepreneurial environments affect access to credit. This study in response investigates the theme of credit in a triple hurdle fashion. Primary data were collected from a representative sample of 250 women entrepreneurs using structured questionnaires. Probit model with sample selection and tobit model were employed in analysing the data. The results indicated that characteristics surrounding the entrepreneur and the enterprise such as entrepreneur’s age, education and size of business among other economic activities affect access to credit. The results confirm that owner, enterprise and credit institution characteristics influence access to credit as has been established in literature. The study recommends that the Business Advisory Centre of the National Board for Small Scale Industries should be more proactive and well-resourced to enable it perform its core mandate of facilitating the growth of micro and small scale industries to ensure access to credit.

    Keywords
    Access, credit, women, small scale enterprises, triple-hurdle approach

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