The impact of microfinance on microenterprise development in Ghana

Salia, Samuel (2015) The impact of microfinance on microenterprise development in Ghana. Doctoral thesis, Birmingham City University.

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Abstract

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.

Item Type: Thesis (Doctoral)
Additional Information: This thesis is dedicated to my mother, Alice Benson Salia (late). Her exceptional guidance provided to me as a child and prayers for me to date, has earned me this achievement. I am grateful to my supervisors; Prof. Javed Hussain and Prof. Harry Matlay. I wish to thank you all for encouraging me and for the support to complete my research. Discussions with you about both my research and career have so far proved to be positive. In particular, Cath Eden has provided all the administrative support that proved to be extremely helpful throughout my PhD studies. I am particularly grateful to my family. Words cannot explain my gratitude to my father, Aunty and the entire family for all of the sacrifices they have made on my behalf. I would especially like to thank Bernard Anbataayela Mornah; I have received generous support from you, for which I am eternally grateful. At the end I wish to extend my appreciation to all my friends especially, the Nang-Bayi`s who supported me at my difficult moments. I wish to express special appreciation to the Ghana Education Trust Fund (GETFund) for sponsoring my PhD studies.
Subjects: N100 Business studies
N300 Finance
T500 African studies
Divisions: REF UoA Output Collections > Doctoral Theses Collection
Depositing User: Kip Darling
Date Deposited: 13 Mar 2019 11:09
Last Modified: 13 Mar 2019 11:09
URI: http://www.open-access.bcu.ac.uk/id/eprint/7214

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