The Effects of Financial Literacy on the Financial Performance of Micro Businesses in Mezam Division

Takoutio Feudjio Virginie ()

International Journal of Finance, 2025, vol. 10, issue 1, 1 - 9

Abstract: Purpose: Over the years, the greatest desire of most people had been that of achieving high financial performance but the access to that requires the knowledge of financial literacy. This article had as aim to investigate the influence of financial literacy on the financial performance of micro businesses in Mezam. Our objective was achieved by breaking down financial literacy into three variables (debt management literacy, budgeting skills, and book keeping). Methodology: Data collected through questionnaires were analyzed using the Ordinary Least Squares as estimation technique. Findings: After regression, the results of the article revealed that all the three variables considered under financial literacy have positive and significant effect on the financial performance of micro businesses. Unique Contribution to Theory, Policy and Practice: Therefore, to succeed in business and increase their financial performance, owners of micro business should make an effort to be train on how to manage their debt effectively, how to keep records and how to plan a budget.

Keywords: Financial Literacy; Financial Performance; Micro Business in Mezam (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://carijournals.org/journals/index.php/IJF/article/view/2461/2885 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bhx:ojtijf:v:10:y:2025:i:1:p:1-9:id:2461

Access Statistics for this article

More articles in International Journal of Finance from CARI Journals Limited
Bibliographic data for series maintained by Chief Editor ().