...entrepreneur has an important role for development, then this role is achieved through the “institution” that he/she represents. SME activities that would help to propel development and promote the wellbeing of the citizenry most governments are now playing various facilitation roles in collaboration with NGOs and other stakeholders to enable the private sector provide diverse goods and services, including job creation for the people. Many developing countries have shifted their strategic economic focus to embrace the development of an entrepreneural middle-class with the private sector as the engine for attaining sustained economic growth. In Ghana, the private sector is also considered as the engine of growth of the economy and mostly of micro, small and medium size enterprises, generally called the SMEs. The SMEs Sector in Ghana is estimated to be made up of 70% of all industrial establishments. They contribute about 22% to GDP and account for about 92% of...
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...AN ASSESSMENT OF FACTORS INFLUENCING PERFORMANCE OF SMALL SCALE ENTERPRISES IN UGANDA: A CASE STUDY OF KITGUM TOWN COUNCIL BY AYOO ESTER ESO9BO5/028 DISSERTATION SUBMMITTED TO FACULTY OF BUSINESS AND ADMINISTRATION IN PARTIAL FULFILLMENT OF THE AWARD OF A BACHELORS DEGREE IN BUSINESS ADMINISTRATION OF UGANDA CHRISTIAN UNIVERSITY May 2012 DECLARATION I Ayoo Ester do solemnly declare to the best of my knowledge and ability that this Dissertation was prepared by me and never has it been presented to Uganda Christian University or any other institution of higher learning for the award of a degree. Signature………………………….Date………………… AYOO ESTER ESO9BO5/O28 i APPROVAL This research report has been submitted for examination with my approval as the candidate’s supervisor. Sign................................... Mrs Nsiyona Elsie The University supervisor Date.................... ii DEDICATION I dedicate my Research proposal to my beloved Daddy Mr. ORYEMA HENRY MILLY, my Uncle Mr. ONEKALIT KENNTH OBITO, My Mum, my dear friends Brenda, Sharon, Beatrice, Jackie, Dick, Gilbert, Julius, Allan, Moreen, Alex, Odong and also my sisters and brothers for their love and support, who in one way or the other supported me morally, physically, materially and financially in ensuring that my future is a success. May GOD bless...
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... 1.0 INTRODUCTION In the past, government has initiated series of micro programmes targeted at the poor with the overriding objective of making credit readily available to those who were traditionally denied access to credit. Such credits in the world over were used for the development of small and meduim scale enterprise, which has been described as the springboard for sustainable development. In all emerging economies like Nigeria, the government has shown a great concern for the development of small and meduim scale enterprise because of the underlying socio economic factors plaguing the nation. some of the reasons include: the past policies failed to generate efficient self sustaining impetus needed to uplift the country to the ‘take-off’ stage of growth, the increased emphasis on self-reliant approach to the development and the recognition that dynamic and growing petty-business can contribute substantially to a wide range of developmental objectives. However, the full potential of the micro business in the development process have not been realized owing to numerous bottlenecks. In the light of this, the Central Bank of Nigeria (CBN) as part of its reform agenda, initiated Micro Finance Banks, a policy initiative aimed at bringing credit to the door step of the poor who do not have such access under the conventional financial system. The thrust of this project is to articulate the prospects of the micro finance banks towards boosting the performance thereby reducing the...
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...1.0 introduction A small business is a business that is privately owned and operated, with a small number of employees and relatively low volume of sales. Small businesses are normally privately owned corporations, partnerships, or sole proprietorships. The legal definition of "small" varies by country and by industry, ranging from fewer than 15 employees under the Australian Fair Work Act 2009, 50 employees in the European Union, and fewer than 500 employees to qualify for many U.S. Small Business Administration programs. Small businesses can also be classified according to other methods such as sales, assets, or net profits. 1.1characteristics of a small business Not every small business eventually grows to the size of large corporation. Some businesses are ideally suited to operate on a small scale for years, often serving a local community and generating just enough profit to take care of company owners. Small-scale businesses display a distinct set of identifying characteristics that set them apart from their larger competitors. Revenue and Profitability Small-scale business revenue is generally lower than companies that operate on a larger scale. The Small Business Administration classifies small businesses as companies that bring in less than a specific amount of revenue, depending on the business type. Employees Small-scale businesses employ smaller teams of employees than companies that operate on larger scales. The smallest businesses are run entirely by single...
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...this evidence, policy emphasis has shifted to pinpointing complementary policies that will lead an economy from stabilization to growth. The policy debate today focuses on reforms. Ghana immediately after independence made tremendous effort towards achieving full employment and socio economic development through public investment in medium and large scale enterprises. Notwithstanding the direct involvement and the effort of the government, the sector is saddled with a lot of constraints, including scarce capital, intensive technology, foreign exchange constraints, poor management, corruption and inadequate attention to economic viability and market prospects which has resulted in poor performance of the industries in terms of output and employment (Steel & Webster, 1992). Following an economic recession in the 1980’s which resulted in the retrenchment of workers from the civil service, the rationalization of production in the private sector under the Economic Recovery Programme (ERP) was launched in 1983, and the high population growth rate of 2.6% per annum, coupled with the inability of the medium and large scale enterprises to grow and expand over time to absorb the idle labour, the SMEs has become an important option and alternative source of employment. SMEs have been...
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...Study to Explore the Micro-entrepreneurs’ Perspective on the Effectiveness of Borrowing Money from Informal Money Lending Business in Angeles City SUBMITTED BY: A-433 Lleva, Rhindel Medina, Leda Marie Pineda, Reezalyn Pinero, Bianca Camille Romero, Czarina Salas, Jenny Rose SUBMITTED TO: Dr. Albert Morales September 9, 2015 CHAPTER I INTRODUCTION During these rough times, people would really bite the bullet in order for them to satisfy the needs of their families, to fund and support their small businesses and to ease poverty just to survive the daily life. This leads people to seek the help of those engaged in money lending business. Informal credit markets are still important in developing countries. Despite an increase in supply of formal credit, informal lenders remain the dominant source of credit for the people who wish to start-up a small business in their community. This study aims to explore the perspective of micro-entrepreneurs in Angeles City on the effectiveness of informal money lending business. Informal money lending businesses are money lenders who are not licensed to do money lending business. They are well known about this kind of informal lending business which is patronized by some micro-entrepreneurs and people who wants to put-up a new business. They are also called “5-6 money lenders”. 5-6” is the term used in such a reason that they lend money with 20% interest which will be paid within a month or upon the agreed condition. Micro-entrepreneurs are the...
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...PROLOGUE: An MSME (Micro, Small and Medium Enterprise) is defined by RBI/GOI differently for the Manufacturing and the Services Sector, as follows: * Manufacturing Sector: Manufacturing sector refers to enterprises engaged in manufacture or production, processing or preservation of goods. The definition of Micro, Small and Medium Enterprises under the manufacturing sector is as below: | | * A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs.25 lakh; | | * A small enterprise is an enterprise where the investment in plant and machinery is more than Rs.25 lakh but does not exceed Rs.5 crore; and | | * A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore. | * Services Sector: Services sector refers to enterprises engaged in providing or rendering of services. These will include small road & water transport operators, small business and professional & self-employed.The definition of Micro, Small and Medium Enterprises under the services sector is as below: | | * A microenterprise is an enterprise where the investment in equipment does not exceed Rs.10 lakh; | | * A smallenterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs.2 crore; and | | * A medium enterprise is an enterprise where the investment in equipment is more than Rs.2 crore but does not...
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...The Influence of Micro-finance Institutions on the Growth of Agribusiness Oriented Small Scale Enterprises in Kenya Name Tutor University Course Date Table of Content Table of Content 2 Abstract 4 Introduction 5 1.1 Background Information 5 1.2 Problem Statement 6 1.3 Justification 7 1.4 Objectives 7 1.5 Hypothesis 7 2.0 Literature Review 8 2.1 Kenya's Horticultural Sector at a Glance 9 2.1.1 Horticultural Leading Products 10 2.1.2 Top Importers 10 2.1.3 Private Sector Drive 10 2.2 Kenyan Contract Farming At a Glance 11 2.2.1 Definition of Contract Farming 11 2.2.2 Contract Groups 12 2.3 Supply of Microfinance 14 2.4 Types of Enterprises Engaged In By Microfinance Clients 15 2.5 Effect of Microfinance Services on Agribusiness-Oriented Small Scale Enterprises 15 3.0 Methodology 16 3.1 Area of Study 16 3.2 The Sample 16 3.3 Data Collection 16 3.4 Demographic Details for both Study Areas 17 3.5 Data Analysis 18 4.0 Work Schedule 19 5.0 Budget 20 6.0 References 21 7.0 Appendices 23 7.1 Appendix 1: Preliminary Data Analysis: Interview Questions 23 7.2 Appendix 2: Thematic Data Analysis 24 Abstract Micro-financing refers to the provision of financial services to individuals and groups which are not included in the formal financial systems based not only on assets and security but also other demographic, cultural, social, and gender constraints (Sindi, 2008). Microfinance institutions are those informal financial...
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...The International Conference on micro, small and medium enterprises (MSMECON 10) Title of Paper: “Social Responsibility & MSMEs: A study of Corporate Social Responsibility Trends and Practices in India”. Author: Prof. (Mrs.) Mrinal Sanjay Rao Associated with Sinhgad Institute of Business Administration & Research, Pune, as Assistant Professor. Educational Qualifications: LL.M, M.P.M., D.L.L. & L.W. (Pune University) Work Experience Details:- Industry: 3 years. Academics: 4.5 years. Contact: C/o P R Kashikar, flat no. 206, Om Alankar Housing society, Opp. Chintamani Nagar, Bibwewadi, Pune- 411037. Maharashtra. India Ph.- 020- 24281627/ 9049241146. Email: mrinal.rao241@gmail.com Title of Paper: “Social Responsibility & SMEs: A study of Corporate Social Responsibility Trends and Practices in India”. ABSTRACT: The past twenty years have seen a radical change in the relationship between business and society. Key drivers of this change have been the globalization of trade, the increased size and influence of companies, the repositioning of government and the rise in strategic importance of stakeholder relationships, knowledge and brand reputation. Businesses have come under increasing pressure to demonstrably engage in activities which are described as corporate social responsibility (CSR). The term CSR can be defined in terms of the responsiveness of businesses to stakeholders’ legal, ethical, social and...
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...is MSME & Its role in country 2. Problem facing by MSME 3. Solution to the problem 4. Empowerment of macro & micro economy Empowerment of MSME The Government of India has enacted the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is as under: (I) Enterprises engaged in the manufacture or production, processing or preservation of goods as specified below: (i) A micro enterprise is an enterprise where investment in plant and machinery does not exceed Rs. 25 lakh; (ii) A small enterprise is an enterprise where the investment in plant and machinery is more than Rs. 25 lakh but does not exceed Rs. 5 crore; and (iii) A medium enterprise is an enterprise where the investment in plant and machinery is more than Rs.5 crore but does not exceed Rs.10 crore. (II) Enterprises engaged in providing or rendering of services and whose investment in equipment (original cost excluding land and building and furniture, fittings and other items not directly related to the service rendered or as may be notified under the MSMED Act, 2006 are specified below. (i) A micro enterprise is an enterprise where the investment in equipment does not exceed Rs. 10 lakh; (ii) A small enterprise is an enterprise where the investment in equipment is more than Rs.10 lakh but does not exceed Rs. 2 crore;...
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...International Journal of Scientific Engineering and Research (IJSER) www.ijser.in ISSN (Online): 2347-3878 Volume 2 Issue 4, April 2014 Effects of Micro-Financing on Growth of Small and Micro Enterprises in Mombasa County Veronica W. Ngugi1, Dr F. Kerongo2 1 Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, Department of Economics and Commerce, School of Human Resource Development 2 Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya, Department of Economics and Commerce, School of Human Resource Development loans to finance their business operations. The fundamental objective of this study was to assess the effects of Micro financing on growth of small and micro enterprises in Mombasa County. Despite access to credit SMEs growth remains a major problem. Access to credit should enable a business to achieve their growth objective. Despite this it is interesting to note that most of the SMEs could not survive third year of incubation period. Descriptive Survey method was employed in this study. The study adopted stratified and systematic random sampling method. The sample size was 157 SMEs. Semi-structured questionnaire was designed to facilitate the acquisition of data. Data was collected from 102 respondents, a response rate of sixty five percent. Sales, income and competitiveness were used as the independent variable while growth of SMEs as dependant variable. Descriptive statistics was used to analyze data. Results indicated...
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...IMICRO-FINANCE OF MOBILE ENTREPRENEURSHIP IN NIGERIA: AN ANALYSIS OF SELECTED CASE STUDIES IN BENIN CITY BY DADA ADEYINKA PSC0709051 DEPARTMENT OF POLITICAL SCIENCE AND PUBLIC ADMINISTRATION FACULTY OF management SCIENCES UNIVERSITY OF BENIN BENIN CITY. DECEMBER, 2015. MICRO-FINANCE OF MOBILE ENTREPRENEURSHIP IN NIGERIA: AN ANALYSIS OF SELECTED CASE STUDIES IN BENIN CITY BY GLORY PSC0709051 IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE AWARD OF THE BACHELOR OF SCIENCE (B.SC) DEGREE IN POLITICAL SCIENCE AND PUBLIC ADMINISTRATION, FACULTY OF MANAGEMENT SCIENCE OF THE UNIVERSITY OF BENIN DECEMBER, 2015. CERTIFICATION This is to certify that the exercise here by described in the research work was carried out behind the Faculty of Physical Science, University of Benin, under my supervisor. ____________________ ____________________ Dr. B.E. Iyorzor Date Project Supervisor ____________________ ____________________ Dr. E.O Aiyohuyin Date Head of Department DEDICATION I dedicate this project to Almighty God who has always giving me the grace and privilege financially and otherwise to do this project and to my lovely family, who gave me moral courage in the cost of writing this project. ACKNOWLEDGEMENT This completion of this work would not have been possible if not for the support which I received from many people. My thanks...
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...Introduction Rural products of India are unique, innovative and have good utility and values. Large number of these rural products (like handicraft items, food products, embroidery, clothes & other products) sustains a significant segment of the population in the rural areas. Several attributes of rural products can be identified, for which, it has a demand in the market. Out of the lots, ‘ethnic origin’ and ‘indigenous design & appearance’ are two traits of rural products, attracting a premium in the market. But, contrary to this, the non-uniformity of rural products (from one another) and lack of its quality control measures has been creating a negative demand. Besides, the small sized and dispersed production units of these rural products hinder realization of the economies of scale in marketing and result in high transaction costs per unit of output. Niche-based products have no local market. Products in local use are also not marketed horizontally; they often first travel down to market through a long chain of intermediaries and then up to more difficult locations in the rural areas. In...
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... Introduction Rural products of India are unique, innovative and have good utility and values. Large number of these rural products (like handicraft items, food products, embroidery, clothes & other products) sustains a significant segment of the population in the rural areas. Several attributes of rural products can be identified, for which, it has a demand in the market. Out of the lots, ‘ethnic origin’ and ‘indigenous design & appearance’ are two traits of rural products, attracting a premium in the market. But, contrary to this, the non-uniformity of rural products (from one another) and lack of its quality control measures has been creating a negative demand. Besides, the small sized and dispersed production units of these rural products hinder realization of the economies of scale in marketing and result in high transaction costs per unit of output. Niche-based products have no local market. Products in local use are also not marketed horizontally; they often first travel down to market through a long chain of intermediaries and then up to more difficult locations in the rural areas. In the process, the people in rural areas suffer from both low prices as producers and high prices as consumers. In this conflict, rural products loss its equilibrium and the supply side becomes exponentially high. Because of this hazard, rural entrepreneurs face acute economic loss and rural markets become stagnant. Therefore, there is an emergent need for Building...
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...Ghana: Globally, the contribution of Small and Medium Enterprises (SMEs) to the growth of national economies is significant. In the developed economies such as Germany and the United Kingdom small businesses are recognized as the main engines for growth and development. Indeed, studies conducted in recent years in developed markets, including the Freedman studies done in the United Kingdom, confirm that small businesses account for the highest number of registered companies and make significant contributions to economic growth and prosperity. In Ghana, readily available data on SMEs is scarce but statistics from the Registrar General’s Department suggests that 92 per cent of companies registered are micro, small and medium enterprises. SMEs in Ghana have also been noted to provide about 85 per cent of manufacturing employment, contribute about 70 per cent to Ghana’s GDP, and therefore have catalytic impacts on economic growth, income and employment. It is estimated that SMEs employ 22% of the adult population in developing countries (Daniels, 1994; Daniels & Ngwira, 1992; Daniels & fisseha. 1992; Fisseha. 1992; Fisseha & Mcpherson, 1991; Gallagher & Robson, 1995 and Kayanula & Quartey, 2000). The sector employs about 15.5% of the labour force in Ghana (Parker et al, 1994), has experienced higher employment growth than micro and large – scale enterprises. Definition of SMEs There is no single, uniformly acceptable definition of a small firm (storey, 1994). Firms differ in their...
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