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Factors affecting women entrepreneurs’ financial performance in Umuahia Ubani Market, Abia State, Nigeria
Abstract
This study examined the factors affecting women entrepreneurs‘ financial performance in Umuahia Ubani market, Abia State Nigeria by investigating their socio-economic characteristics, the financial factors affecting their performance and the financial accessibility challenges facing women entrepreneurs. A simple random technique was used to collect data from 100 women entrepreneurs in the study area, using a well-structured questionnaire. Data were analyzed using ordinary least square regression model and descriptive statistics like frequency table. The regression result showed that co-efficient of business experiences, record keeping and working capital were directly related to performance at 10% level each while age and financial accessibility had indirect relationship with performance at 5% level each. With R2 level of 0.4472 which indicated 44.72% variability in performance was explained by the independent factors. The F value of 2.82 was significant at 5% indicating goodness of fit of the regression line. The study recommends that financial institutions should map out simple ways of accessing financial facilities for women entrepreneurs and also policies aimed at educating women on financial information and accounting techniques to enhance
record keeping should be encouraged by government through seminars, workshops and trainings.
Keywords: Women, Entrepreneur, Financial performance and Nigeria
