期刊名称：Asian Journal of Economics, Business and Accounting
印刷版ISSN：2456-639X
出版年度：2019
卷号：11
期号：3
页码：1-10
DOI：10.9734/ajeba/2019/v11i330132
语种：English
出版社：Sciencedomain International
摘要：Access to finance is a key determinant for business start-up, development and growth for small businesses. This paper focused on the challenges faced by petty traders in accessing loans within Wa Central in the Upper West Region of Ghana with a sample of eighty-one respondents for both the questionnaire and the interview. The data collected was analysed using descriptive statistics, Pearson correlation matrix and Kendall’s coefficient of concordance. The study showed evidence that high interest rate charged; demand for collateral and poor records keeping by petty traders were the challenges of accessing loans. The paper suggests that petty traders must keep proper records and the need for financial institutions to reconsider its stringent eligibility criteria for petty traders, Finally policy makers must create an enabling operating environment for micro enterprises to flourish.
