N. Baporikar, Susan Akino
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引用次数: 17
Financial Literacy Imperative for Success of Women Entrepreneurship
Womenentrepreneurshipcanbethedrivingforcetosteernationsgloballytowardstheachievement ofeconomicandsocialdevelopmentgoalsthroughjobcreationandpovertyalleviation.However, financialliteracyisanessentialandintangibleresourcethatiscriticalforgrowth,success,andsustained competitiveadvantage.Yet,lackoffinancialliteracyisoneofthekeychallengesaffectingthebusiness growthofwomenentrepreneurs.Hence,adoptingaqualitativeapproachanddatacollectedthrough theinterviewmethodfromtwenty-threewomenentrepreneursselectedthroughpurposivesampling basedonthecriteriaofanestablishedbusinessforfiveyearswithatleastthreeemployees,thestudy aimedatinvestigatingthefinancialliteracyimperativeforthesuccessofwomenentrepreneurship. Findingsindicatethatfinancialliteracygreatlyinfluencesthesuccessofwomenentrepreneurship andhencerecommendsgroup-basedandfocusedtrainingforwomenentrepreneursthroughsuitable programstoequipandenhancefinancialliteracyamongwomenentrepreneurs. KEyWoRDS Abilities, Competences, Creators, Entrepreneurs, Finance, Government, Wealth
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