期刊名称:Asian Journal of Business and Management Sciences
电子版ISSN:2047-2528
出版年度:2013
卷号:2
期号:09
页码:17-23
出版社:Society for Business Research Promotion
摘要:The paper evaluates the challenges Small and Medium Scale Enterprises (SMEs) face in financing new or existing businesses in Gombe State. The population of the study consists of all SMEs operating in Gombe State. However, the study adopted purposive and simple random sampling techniques to draw the sample from the population. SMEs were then randomly drawn from three (3) local government areas; namely, Akko, Dukku and Gombe. Out of ninety (90) questionnaires distributed, Sixty five (65) were returned and analyzed using chi-square method. The result of the analysis revealed that: There is no significant difference in the difficulties SMEs face when accessing finance from various sources, there is a significant difference in the level of awareness of MFIs by SMEs. The research however, recommends that government policy of initiating various intervention funds for entrepreneurial development should be encouraged; SMEs in the state should be sensitized on the activities of Micro Finance Institutions (MFIs). Full Text