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Title: The impact of microfinance on microenterprise development in Ghana
Author: Salia, Samuel
ISNI:       0000 0004 6058 8723
Awarding Body: Birmingham City University
Current Institution: Birmingham City University
Date of Award: 2015
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Poverty has adverse impact on economic growth, human dignity and wellbeing. Therefore, experiments with microloans to tackle financial exclusion and underinvestment have positive implications for development economic theory and practice. However, drawing on microfinance analysis, often, the three dimensions of microfinance impact-poverty, empowerment and microenterprise development are evaluated together (Hermes and Lensink, 2011; Duvendack and Palmer-Jones, 2012; and Banerjee, et al., 2013). Ledgerwoods (1999) have argued that this recurring theme in impact studies in Ghana shows the existing evaluations and outcomes have lumped microfinance impact (Annim et al., 2008 and; Adjei and Arun, 2009). Moreover, Karlan and Goldberg (2007) suggested that investigating the impact of microfinance on each of the above elements independently is desirable as it enables policy makers to develop more targeted policy tools. Thus, this study investigated the relationship between provision of microfinance services and microenterprise development. This is an empirical study that is carried out using 134 structured questionnaires, 19 semi-structured interviews (Microfinance Institution (MFI) -9 and Microenterprises-10). The research findings suggest there is a significant relationship between provision of microfinance and positive outcomes of microenterprise projects. However, pre-loan induction, conception and nurturing of enterprise ideas and developing their self-esteem are critical for the success of microenterprise activities. The study results have significant positive implications for the wider literature that suggests microfinance aid microenterprise development and promotes human dignity (Karnani, 2007). Furthermore, the study proposes a conceptual model for the development of microfinance and increase of micro-entrepreneurial activities for the poor.
Supervisor: Hussain, Javed G. ; Matlay, Harry Sponsor: Ghana Education Trust Fund (GETFund)
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available
Keywords: N100 Business studies ; N300 Finance ; T500 African studies