A Quest for Seeking Microcredit among Youth: Evidence from an Emerging Nation in South Asian Region
Achchuthan. S and
Advances in Management and Applied Economics, 2017, vol. 7, issue 2, 8
The main purpose of the present study is to investigate the youth intention inÂ seeking microcredit in Sri Lankan context. Subjective norms, perceivedÂ behavioural control, knowledge of microcredit, perceived government support,Â tolerance for risk and entrepreneurial desire have been considered as theÂ antecedents that affect the youth intention in seeking microcredit, whilstÂ respondents demographical factors acts as a control variable in terms of measureÂ the intentions of seeking microcredit. The sample comprised 350 youth, aged 18 toÂ 25 selected from the Northern Province of Sri Lanka. Surveys were conducted toÂ facilitate data collection. The findings suggest that Subjective norms, knowledgeÂ of microcredit, perceived government support, tolerance for risk andÂ entrepreneurial desire are statistically enhanced the youth intentions in seekingÂ microcredit. Whereas number of family members in the demographical profileÂ also influenced this intention. From these findings, implications for theory andÂ practice have been discussed. This will help to various stakeholders, like youths inÂ Jaffna region, the government institution, government policy makers and otherÂ commercial µ financial institutions for their decision making and strategyÂ development in the field of microfinance. Additionally, this research adds a newÂ body of knowledge of existing literature in the field of microfinance andÂ entrepreneurship.JEL classification numbers: D91Keywords: Entrepreneurial Desire, Intention to seek microcredit, Knowledge ofÂ Microcredit, Perceived Government Support, Subjective norms, Tolerance forÂ Risk.
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