Combination of Microcredit and Micro-Training with Mediating Role of Formal Education: A Micro-Enterprise Success Formula

Waseem Ul Hameed, Tanveer Hussin, Muhammad Azeem, Muhammad Arif and Muhammad Farhan Basheer

Journal of Business and Social Review in Emerging Economies, 2017, vol. 3, issue 2, 285-291

Abstract: Purpose:&The purpose of this study is to develop a distinctive formula (framework) for micro-enterprise success. As the success of micro-enterprise is under debate from many decades, however, the researchers and entrepreneurs are unable to find the unique factor to develop a comprehensive framework.Design/Methodology/Approach:&The current study is based on conceptual framework. Prior studies are used to develop the framework and hypothesis. Moreover, conclusion is based on literature review.Findings:&It is investigated that, microfinance factors (i.e., micro-credit and micro-training) has a positive relationship with micro-enterprise success. However, among all other microfinance factors (i.e., micro-saving, micro-insurance, social capital), micro-credit and micro-training have relatively higher effect on microenterprise performance followed by a level of education. Moreover, it is found that education mediates the relation between microfinance factors and micro-enterprise success.Implications/Originality/Value:&This study contributed to the body of knowledge by developing a micro-enterprise success formula for researchers and entrepreneurs, which ultimately improve the performance of micro-enterprises. Hence, the current study is beneficial for microfinance institutions and other practitioners to enhance micro-enterprise success.

Keywords: micro training; education; microfinance; Microcredit; Micro Enterprises (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:src:jbsree:v:3:y:2017:i:2:p:285-291

DOI: 10.26710/jbsee.v3i2.191

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