Revenue: Jurnal Manajemen Bisnis Islam
Vol. 7 No. 1 (2026)

MICROFINANCE, ENTREPRENEURIAL INNOVATION, AND INCOME DISTRIBUTION AMONG SMALL BUSINESSES IN DEVELOPING ECONOMIES

NAGERI, Kamaldeen Ibraheem (Unknown)



Article Info

Publish Date
30 Jun 2026

Abstract

This study examines entrepreneurship development and income dynamics among micro-entrepreneurs in Ilorin, Nigeria, with emphasis on income mobility and entrepreneurial innovation. Using a cross-sectional survey of 430 respondents selected through purposive sampling, the study employed descriptive statistics, cross-tabulations, and chi-square analysis to assess income changes before and after entrepreneurial engagement and to explore the relationship between income levels and innovation adoption. The results show a significant shift in income distribution, with the proportion of low-income respondents declining from 75.60% to 63.25%, while middle-income and high-income groups increased by 95.34% and 91.66% respectively. Findings further indicate that 67.7% of respondents engage in innovation activities, although the relationship between income and innovation is only marginally significant (χ² = 13.51, p = 0.05342). The study concludes that entrepreneurship enhances income mobility but in a non-uniform manner, while innovation is influenced by multiple structural and capability-based factors. Policy recommendations emphasize financial inclusion, institutional strengthening, and innovation support systems for micro-entrepreneurs.

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Journal Info

Abbrev

RJMBI

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Aims: An objective of Revenue Journal is to promote the wide dissemination of the result of systematic schoolarly inquires into the broad field of business, management and entreprenuer research. Revenue Journal intended to be the journal for publishing articles reporting the results of research on ...