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The Impact of Financial Inclusion on Female-Owned Small to Medium Enterprises: The Case of Siyaso Market in Harare Urban, Zimbabwe

The Impact of Financial Inclusion on Female-Owned Small to Medium Enterprises: The Case of Siyaso Market in Harare Urban, Zimbabwe

Tofara Audrey Nyoni, Jeffrey Kurebwa
Copyright: © 2022 |Volume: 4 |Issue: 1 |Pages: 16
ISSN: 2572-4819|EISSN: 2572-4827|EISBN13: 9781683183495|DOI: 10.4018/IJAMTR.300346
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MLA

Nyoni, Tofara Audrey, and Jeffrey Kurebwa. "The Impact of Financial Inclusion on Female-Owned Small to Medium Enterprises: The Case of Siyaso Market in Harare Urban, Zimbabwe." IJAMTR vol.4, no.1 2022: pp.1-16. http://doi.org/10.4018/IJAMTR.300346

APA

Nyoni, T. A. & Kurebwa, J. (2022). The Impact of Financial Inclusion on Female-Owned Small to Medium Enterprises: The Case of Siyaso Market in Harare Urban, Zimbabwe. International Journal of Applied Management Theory and Research (IJAMTR), 4(1), 1-16. http://doi.org/10.4018/IJAMTR.300346

Chicago

Nyoni, Tofara Audrey, and Jeffrey Kurebwa. "The Impact of Financial Inclusion on Female-Owned Small to Medium Enterprises: The Case of Siyaso Market in Harare Urban, Zimbabwe," International Journal of Applied Management Theory and Research (IJAMTR) 4, no.1: 1-16. http://doi.org/10.4018/IJAMTR.300346

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Abstract

This study sought to understand the impact of financial inclusion on female-owned small to medium enterprises in Harare urban of Zimbabwe. A mixed methodology was used for the study while a case study of Siyaso Market in Harare was utilized. A total of sixty participants were involved in the study. These participants were selected through purposive sampling. Data was collected using a survey and semi-structured interviews. The study findings indicated that there were a number of factors that lead to profitability for female-owned small to medium enterprises. These included having a bank account, and access to mobile banking services. A number of challenges were also being faced by female-owned small to medium enterprises. These were low-income levels, and lack of documents required when borrowing from financial institutions. There is a need to improve the financial products and delivery models and strengthen financial consumer protection mechanisms, especially for women.