International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Open Access | Fully Refereed | Peer Reviewed

ISSN: 2319-7064


Downloads: 76

Survey Paper | Finance | Somalia | Volume 9 Issue 12, December 2020


The Impact of Microfinance on Entrepreneurship Development in Mogadishu, Somalia

Kong Yu Sheng, Abdishakur Mahdi Mohamed


Abstract: The purpose of this study was to investigate the impact of microfinance on entrepreneurship development in Mogadishu. A cross-sectional survey design was employed to gather primary data from selected 120 respondents. The data were analyzed using both descriptive statistics and inferential statistical techniques. This study concluded that microfinance programs are effective instruments for the advancement of entrepreneurship due to the diverse services they provide and the roles they serve in the growth and development of small businesses. This study suggested that microfinance institutions should facilitate the lending requirements of small businesses and also provide training and technical assistance to small businesses to improve the efficiency and effectiveness of small businesses.


Keywords: Microfinance, Entrepreneurship Development, Microfinance Institutions, Small Businesses, Mogadishu, Somalia


Edition: Volume 9 Issue 12, December 2020,


Pages: 1010 - 1013


How to Cite this Article?

Kong Yu Sheng, Abdishakur Mahdi Mohamed, "The Impact of Microfinance on Entrepreneurship Development in Mogadishu, Somalia", International Journal of Science and Research (IJSR), https://www.ijsr.net/get_abstract.php?paper_id=SR201211141941, Volume 9 Issue 12, December 2020, 1010 - 1013

How to Share this Article?

Enter Your Email Address


Similar Articles with Keyword 'Microfinance'

Downloads: 0

Research Paper, Finance, Kenya, Volume 9 Issue 11, November 2020

Pages: 203 - 208

Influence of Microfinance Services on the Growth of Women Owned Enterprises in Bondo Town, Kenya

Quenter Adhiambo, Dr. Ofwa Joanes Otieno Wu'Adongo, Dr. Michael Nyagol

Share this Article

Downloads: 113

Research Paper, Finance, India, Volume 9 Issue 6, June 2020

Pages: 1047 - 1051

Micro Finance a Key Ingredient in Promoting Micro Entrepreneurship in Uttarakhand: A Case Study

Dr. Prakash Garia

Share this Article

Similar Articles with Keyword 'Microfinance Institutions'

Downloads: 0

Research Paper, Finance, Kenya, Volume 9 Issue 11, November 2020

Pages: 203 - 208

Influence of Microfinance Services on the Growth of Women Owned Enterprises in Bondo Town, Kenya

Quenter Adhiambo, Dr. Ofwa Joanes Otieno Wu'Adongo, Dr. Michael Nyagol

Share this Article

Downloads: 128

Research Paper, Finance, Uganda, Volume 6 Issue 4, April 2017

Pages: 2283 - 2289

The Effect of Loan Appraisal Process Management on Credit Performance in Microfinance Institutions (MFIs): A Case of MFIs in Uganda

Ronald Aliija, Bernard Wakabi Muhangi

Share this Article

Similar Articles with Keyword 'Mogadishu'

Downloads: 139

Research Paper, Finance, Somalia, Volume 8 Issue 1, January 2019

Pages: 1147 - 1149

The Relationship Between the Credit Risk Management and Profitability in Salam Somali Bank

Liban Abdi Sheikh Mohamed

Share this Article

Downloads: 146

Research Paper, Finance, Somalia, Volume 8 Issue 2, February 2019

Pages: 1008 - 1012

Credit Risk Management and Bank Performance Case Study Commercial Banks in Mogadishu Somalia

Anab Ali Farah

Share this Article

Similar Articles with Keyword 'Somalia'

Downloads: 139

Research Paper, Finance, Somalia, Volume 8 Issue 1, January 2019

Pages: 1147 - 1149

The Relationship Between the Credit Risk Management and Profitability in Salam Somali Bank

Liban Abdi Sheikh Mohamed

Share this Article

Downloads: 146

Research Paper, Finance, Somalia, Volume 8 Issue 2, February 2019

Pages: 1008 - 1012

Credit Risk Management and Bank Performance Case Study Commercial Banks in Mogadishu Somalia

Anab Ali Farah

Share this Article
Top