The Impact of Money Lending Institutions on Small and Medium Enterprises:A Case Study of Shalom Lending Enterprise
Keywords:
small and medium enterprises; microfinance institutions; lending
Abstract
Small and Medium enterprises are the promoters for economic growth in many economies and a key component for their success is the availability and provision of finance for their operations. The study examined the impact of money lending institutions on Small and Medium Enterprises (SMEs) in Ghana. Simple random sampling technique was employed in selecting 100 SMEs that constituted the sample size of the research. Structured questionnaire was designed to facilitate the acquisition of relevant data which was used for analysis. Descriptive statistics which involved simple tables were strategically applied in data presentations and analysis. The study revealed that significant number of SMEs benefitted from loans even though only few of them were capable enough to secure the required amount needed. Majority of SMEs accepted positive contributions of loans towards increasing their profits, stock and sales, thus placing them on a competitive ground.
Downloads
- Article PDF
- TEI XML Kaleidoscope (download in zip)* (Beta by AI)
- Lens* NISO JATS XML (Beta by AI)
- HTML Kaleidoscope* (Beta by AI)
- DBK XML Kaleidoscope (download in zip)* (Beta by AI)
- LaTeX pdf Kaleidoscope* (Beta by AI)
- EPUB Kaleidoscope* (Beta by AI)
- MD Kaleidoscope* (Beta by AI)
- FO Kaleidoscope* (Beta by AI)
- BIB Kaleidoscope* (Beta by AI)
- LaTeX Kaleidoscope* (Beta by AI)
How to Cite
References
J Abor, P Quartey (2010) Issues in SME Development in Ghana and South Africa. 39, 222.
A Advani (1997) Colombia : Bank Financing to Small- and Medium-Sized Enterprises (SMEs) in Colombia. 32.
O Amoafo (2009) The Role of Banks in the Ghanaian Economy.
E Aryeetey (1998) Informal Finance for Private Sector Development in Africa. 41.
E Aryeetey, A Baah-Nuakoh, T Duggleby, H Hettige, W Steel (1994) Supply and Demand for Finance of Small Scale Enterprises in Ghana. 251.
P Cook, F Nixson (2000) Finance and Small and Medium-Sized Enterprise Development.
T Gibson, H Van Der Vaart (2008) Defining SMEs: A Less Imperfect Way of Defining Small and Medium Enterprises in Developing Countries.
Kristin Hallberg (2001) A Market-Oriented Strategy for Small and Medium Scale Enterprises.
C Frimpong (2013) Strengthening SMEs In Ghana.
C Kauffmann (2005) Financing SMEs in Africa. 20(7), 5-7.
D Kayanula, P Quartey (2000) The Policy Environment for Promoting Small and Medium-Sized Enterprises in Ghana and Malawi: Finance and Development Research Programme Working Paper Series. 15.
Quader Manzur, Abdullah (2008) The geography of Swedish SMEs' investments.
M Mensah (2009) The Role and Challenges of Savings and Loans Companies in Ghana.
S Mensah (2004) A Review of SME Financing Schemes in Ghana. 5(12), 198.
F Olawale, M Obert (2010) Does Debt Really Matter On the Profitability Of Small Firms? A Perspective on Small Manufacturing Firms in Bulawayo, Zimbabwe.
Alicia Robb, David Robinson (2009) The Capital Structure Decisions of New Firms.
M Tau (2013) Empowering Small and Medium Enterprises (SMEs) for economic self-sufficiency in Ghana.
John Watson (2006) External funding and firm growth: Comparing female- and male-controlled SMEs. 8(1), 33-49.
G Zaney (2013) Supporting forest sector micro, small and medium enterprises at scale. 8.
Published
2014-10-01
Issue
Section
License
Copyright (c) 2014 Authors and Global Journals Private Limited
This work is licensed under a Creative Commons Attribution 4.0 International License.