A Structural Equation Modeling (SEM) Analysis of the Development and Challenges of Micro, Small and Medium-Sized Enterprises (MSEMs) in Rural Indigenous Communities of Guyana
Year: 2025
Type: article
Abstract: This research examines the experiences, in terms of growth patterns and challenges Micro, Small, and Medium-Sized Enterprises (MSMEs) in rural indigenous communities of Guyana, from the perspectives of owners of these businesses.Employing Structural Equation Modeling (SEM) approach, the key factors that contribute to the growth of MSMEs were analyzed.These factors include market barriers, infrastructure, access to funding, entrepreneurial acumen, government policies and other related initiatives.A Likert Scale data collection instrument was employed to gather pertinent data related to the experiences and performance of MSMEs.The findings show that while market limitations, poor infrastructure, and restricted access to funding severely impair MSMEs ability to operate successfully, they also can benefit from government assistance, and business training.These findings underscore the need for targeted policy interventions, increased access to finance, and infrastructure development to improve the resilience and growth of MSMEs in indigenous communities.This study adds to the larger conversation about economic empowerment, rural development, and indigenous entrepreneurship within Sustainable Development Theory, Agency Theory, and Innovation Systems Theory.
Language: English
Subfield: Management of Technology and Innovation
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4413808406