标题：Investigating Factors that Influence SME’s Choice of Services Rendered by Microfinance Institutions: Evidence from La-Nkwantanang Municipality in Ghana
期刊名称：International Journal of Economics and Finance
印刷版ISSN：1916-971X
电子版ISSN：1916-9728
出版年度：2019
卷号：11
期号：2
页码：p98
DOI：10.5539/ijef.v11n2p98
语种：English
出版社：Canadian Center of Science and Education
摘要：There is a recent wave of collapsing Microfinance Institution's in Ghana which causes SMEs to think critically about the MFI's they choose to bank with. This has given birth to the investigation of factors that influence SMEs choice of services rendered by microfinance institutions in Ghana. The study adopted the descriptive research design. Stratified random sampling technique was used to select the SMEs for this study and data was collected from a sample of 384 using questionnaires and 279 were returned. The study revealed that electronic banking, convenience and security influences, reputation and legal regulation, interest rate and service provided by the microfinance institution are essential factors that influence the choice of SMEs. The study concludes that the reputation of a business is also essential to its survival, the trust and confidence of the SME can have a direct and profound effect on microfinance institutions. The study recommended that, microfinance institutions should make it a must to obtain all necessary banking licenses from Bank of Ghana before they commence business in order to avoid the embodiment of fear of collapse into potential SME's who might be willing to transact business with them and also educate those who render services on behalf of the bank. Customer service is very important and should be considered as the first priority of the bank.
