Introduction
Literature review
Growth of microenterprises
Access to finance and microfinancing
Research question
The hypothesized model
Research methods
Design
Results and findings
Descriptive statistics
Respondents’ profile
Control variables | N = 582 | % | Category | N = 582 | Percentage |
---|---|---|---|---|---|
Gender | Age of Firm | ||||
Female | 352 | 60 | 0–1 year | 85 | 15 |
Male | 230 | 40 | 2–5 years | 224 | 38 |
6–10 years | 114 | 20 | |||
More than 10 years | 159 | 27 | |||
Total | 582 | 100% | Total | 582 | 100% |
Age of the Owner | Educational accomplishment | ||||
15–24 | 68 | 12 | Elementary graduate | 35 | 6 |
25–34 | 125 | 20 | HS level | 30 | 5 |
35–44 | 161 | 28 | HS graduate | 115 | 20 |
45–54 | 143 | 25 | Vocational | 39 | 7 |
55–64 | 68 | 12 | College level | 84 | 14 |
65 and Over | 17 | 3 | College graduate | 279 | 48 |
Total | 582 | 100% | Total | 582 | 100% |
Civil Status | Ownership | ||||
Single | 160 | 27 | Family owned | 353 | 61 |
Married | 363 | 62 | Individually owned | 169 | 29 |
Separated and widow | 59 | 11 | With partner | 60 | 30 |
Total | 582 | 100% | Total | 582 | 100% |
Summary statistics
Indicators | M | SD | Number | SEM | Skewness | Kurtosis |
---|---|---|---|---|---|---|
Growth of Microenterprises | ||||||
Change in income | 2.64 | 0.59 | 582 | 0.02 | -1.41 | 0.95 |
Change in capital | 2.59 | 0.59 | 582 | 0.02 | -1.12 | 0.24 |
Change in products | 2.56 | 0.60 | 582 | 0.03 | -1.04 | 0.05 |
Change in the number of employees | 2.45 | 0.58 | 582 | 0.02 | -0.48 | -0.71 |
Access to finance | ||||||
Access—bank | 3.59 | 1.51 | 582 | 0.06 | -0.32 | -0.92 |
Access—non-bank | 4.01 | 1.51 | 582 | 0.06 | -0.55 | -0.51 |
Inferential analysis
Correlation coefficients
Variable | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
1. Age | – | |||||||||
2. CS | 0.56 | – | ||||||||
3. HEA | − 0.02 | − 0.09 | – | |||||||
4. AGEF | 0.33 | 0.23 | − 0.02 | – | ||||||
5. Gender | − 0.00 | − 0.05 | 0.09 | 0.08 | – | |||||
6. Community | − 0.11 | − 0.14 | 0.35 | 0.02 | 0.22 | – | ||||
7. Ownership | − 0.10 | − 0.06 | 0.06 | − 0.03 | 0.08 | 0.05 | – | |||
8. Location | − 0.05 | 0.02 | 0.04 | 0.14 | 0.06 | 0.13 | 0.18 | – | ||
9. BUSACT | − 0.03 | − 0.06 | 0.04 | − 0.21 | − 0.02 | 0.06 | − 0.13 | − 0.15 | – | |
10. ACCESS_FIN | 0.18 | 0.19 | − 0.04 | 0.16 | − 0.07 | − 0.14 | − 0.02 | − 0.10 | − 0.08 | – |
Variable | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
---|---|---|---|---|---|---|---|---|---|---|
1. Age | – | |||||||||
2. CS | 0.56 | – | ||||||||
3. HEA | − 0.02 | − 0.09 | – | |||||||
4. AGEF | 0.33 | 0.23 | − 0.02 | – | ||||||
5. Gender | − 0.00 | − 0.05 | 0.09 | 0.08 | – | |||||
6. Community | − 0.11 | − 0.14 | 0.35 | 0.02 | 0.22 | – | ||||
7. Ownership | − 0.10 | − 0.06 | 0.06 | − 0.03 | 0.08 | 0.05 | – | |||
8. Location | − 0.05 | 0.02 | 0.04 | 0.14 | 0.06 | 0.13 | 0.18 | – | ||
9. BUSACT | − 0.03 | − 0.06 | 0.04 | − 0.21 | − 0.02 | 0.06 | − 0.13 | − 0.15 | – | |
10. AVEGROW | 0.01 | 0.08 | 0.10 | − 0.04 | − 0.08 | − 0.17 | 0.00 | 0.06 | − 0.03 | – |
Linear regression
Variable | B | SE | 95% CI | β |
t
|
p
|
---|---|---|---|---|---|---|
(Intercept) | 2.63 | 0.04 | [2.56, 2.70] | 0.00 | 74.22 | < .001 |
Microfin-external financing | − 0.25 | 0.05 | [− 0.35, − 0.14] | − 0.24 | − 4.67 | < .001 |
Microfin-internal financing | − 0.09 | 0.05 | [− 0.18, 0.01] | − 0.08 | − 1.82 | .069 |
(Intercept) | 2.32 | 0.06 | [2.20, 2.44] | 0.00 | 38.04 | < .001 |
Microfinancing | 0.08 | 0.02 | [0.04, 0.12] | 0.17 | 4.21 | < .001 |
(Intercept) | 2.46 | 0.06 | [2.34, 2.57] | 0.00 | 42.26 | < .001 |
Access To Finance | 0.03 | 0.01 | [− 0.00, 0.06] | 0.08 | 1.88 | .061 |
Mediation analysis
Dependent | Independent | B | SE |
t
|
p
|
---|---|---|---|---|---|
Regression 1 | |||||
AVEGROW | Access | 0.04 | 0.02 | 2.19 | .029 |
Regression 2 | |||||
Microfinancing | Access | 0.12 | 0.03 | 3.83 | < .001 |
Regression 3 | |||||
AVEGROW | Access | 0.02 | 0.02 | 1.51 | .133 |
Microfinancing | 0.10 | 0.02 | 4.39 | < .001 |