The Roles of Microfinance Factors Aligning with Business Success: A Case Study of Women Entrepreneur
Year: 2024
Type: article
Abstract: The Malaysian government are in recognition of potential contribution to the country’s economy with the commencement of woman participation in business, despite the low rate of women’s entrepreneurship. This can be substantiated by the different and myriad forms of support and assistance provided by the administration to nurture the sector. Encompassing various focuses, they include the materialization of national policy that spurs women’s economic involvement, availability of business advice, and access to financial funding and entrepreneurial skill development. These initiatives are all targeted towards reducing barriers and obstacles hindering women from becoming a successful entrepreneur. The journey towards business success among these women entrepreneurs, especially those from developing countries, may be further complicated by the lack of competencies and the need for continuous assistance. Thus, this study is aiming to examine the role of microfinance factors (credit, saving, training and social capital) aligning with women business success. Microfinance dimensions are credit and saving, and social capital and training. Structural Equation Modeling (SEM) will been employed as the main statistical technique in this study. A total of 392 women entrepreneurs under the microfinance’s scheme have been involved in this study. Lastly, this study will contribute towards the development of literature review related to the favourable outcome for women entrepreneurs.
Institution: Universiti Teknologi MARA
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4402525254