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A Quest for Seeking Microcredit among Youth: Evidence from an Emerging Nation in South Asian Region

Kajenthiran. K, Achchuthan. S and Alagathurai Ajanthan

Advances in Management and Applied Economics, 2017, vol. 7, issue 2, 8

Abstract: The main purpose of the present study is to investigate the youth intention in seeking microcredit in Sri Lankan context. Subjective norms, perceived behavioural control, knowledge of microcredit, perceived government support, tolerance for risk and entrepreneurial desire have been considered as the antecedents that affect the youth intention in seeking microcredit, whilst respondents demographical factors acts as a control variable in terms of measure the intentions of seeking microcredit. The sample comprised 350 youth, aged 18 to 25 selected from the Northern Province of Sri Lanka. Surveys were conducted to facilitate data collection. The findings suggest that Subjective norms, knowledge of microcredit, perceived government support, tolerance for risk and entrepreneurial desire are statistically enhanced the youth intentions in seeking microcredit. Whereas number of family members in the demographical profile also influenced this intention. From these findings, implications for theory and practice have been discussed. This will help to various stakeholders, like youths in Jaffna region, the government institution, government policy makers and other commercial µ financial institutions for their decision making and strategy development in the field of microfinance. Additionally, this research adds a new body of knowledge of existing literature in the field of microfinance and entrepreneurship.JEL classification numbers: D91Keywords: Entrepreneurial Desire, Intention to seek microcredit, Knowledge of Microcredit, Perceived Government Support, Subjective norms, Tolerance for Risk.

Date: 2017
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