出版社：LLC “Consulting Publishing Company “Business Perspectives”
摘要：The aim of the study is to find out the relationship between micro enterprises'period in trading and methods of funding operations as well as the effect period in trading has on the choice of the form of funding.This is necessitated by the problems small businesses face in accessing finance despite the critical roles they play in many economies.A structured questionnaire is used to collect data from a randomly selected sample of 150 street traders in the Johannesburg central business district(CBD).A Pearson's correlation test is used to measure the relationship between period in trading and the use of informal financial sources while a chi-square test is used to establish the effect period in trading has on the adoption of different informal forms of funding;savings,borrowing from friends and relatives and rotating credit schemes.Results show that there is a positive and significant correlation between period in trading and use of savings to finance business operations.There is also a significant but negative correlation between period in trading and membership of an informal rotating credit scheme.Results also show that there is no significant difference between new and old firms in terms of the use of the three methods of informal business funding.The study recommends the development of microfinance to improve SMMEs access to finance.The important contribution the small business sector makes to economies of different countries should be recognized and better strategies adopted to improve the sector's access to formal financing.
关键词：micro enterprises;street traders;period in trading;savings;family and friends;rotating credit scheme;micro finance;SMMEs;South Africa.
