Branding: Jurnal Manajemen & Bisnis
Vol 1 No 2 (2022): BRANDING: Jurnal Manajemen dan Bisnis

THE ROLE OF MICROFINANCE IN ENHANCING ENTREPRENEURIAL GROWTH IN SUB-SAHARAN AFRICA: A COMPARATIVE ANALYSIS OF NIGERIA AND KENYA

Abubakar, Abdulsalami (Unknown)



Article Info

Publish Date
19 Dec 2022

Abstract

This study explores the role of microfinance in enhancing entrepreneurial growth in Sub-Saharan Africa, focusing on a comparative analysis between Nigeria and Kenya. Microfinance has emerged as a crucial tool for economic empowerment in developing regions, particularly for fostering entrepreneurship. The research is grounded in existing literature, examining how access to microfinance services impacts entrepreneurial development in both countries. Nigeria and Kenya serve as significant case studies due to their distinct economic landscapes and microfinance penetration levels. The findings suggest that microfinance significantly contributes to entrepreneurial growth, albeit with varying degrees of effectiveness influenced by local economic policies and infrastructure. The study also highlights the challenges faced by microfinance institutions, such as high-interest rates and inadequate financial literacy among borrowers. The comparative analysis reveals that while both countries benefit from microfinance, Kenya demonstrates more robust outcomes due to better regulatory frameworks. This paper contributes to the ongoing debate on optimizing microfinance for sustainable entrepreneurial growth in emerging economies. Future research should focus on policy interventions that can enhance microfinance effectiveness across different contexts.

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Journal Info

Abbrev

branding

Publisher

Subject

Economics, Econometrics & Finance

Description

BRANDING: Jurnal Manajemen & Bisnis (issn: 2963-8852) is a peer-reviewed journal published two times a year (April and October) by Department of Management, Faculty of Economic and Islamic Business. This journal is intended to be the journal for publishing articles reporting the results of research ...