Motivation, challenges and strategies of female social entrepreneurs in the micro-lending sector

Chijioke Nwachukwu, Helena Chládková and Hieu Minh Vu

International Journal of Business Environment, 2024, vol. 15, issue 2, 220-237

Abstract: The study highlights the motivations and challenges of female social entrepreneurs and their responses to these challenges. The study employs a qualitative research approach and in-depth interviews of 13 female social entrepreneurs in Southwest Nigeria. We observed that financial empowerment for low-income earners, support for the family, and a better society are main motivation of social entrepreneurship. We observed that women entrepreneurs face business and institutional challenges, like lack of access to fund and infrastructure, gender bias, institutional corruption, lack of awareness about rules and regulations and bureaucratic bottlenecks. The study advances the field by identifying the role of female social entrepreneurs in providing financial services to low-income segments of society and solving societal issues in the emerging market context.

Keywords: female social entrepreneurship; institutional theory; feminist theory; challenges; motivations; strategy; Nigeria. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbenv:v:15:y:2024:i:2:p:220-237

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