Abstract:
This study was carried out to explore the extent to which women entrepreneurs willingness to credit in Kano metropolis and to explore the major problems hindering women entrepreneurs towards fundraising in Kano Metropolis. A total of three hundred and seventy-six (376) women entrepreneurs were selected as the sample of the study. The analysis of the data was done using both descriptive and inferential statistics. The result of the estimated logit modelrevealed that high interest and collateral requirements prevent women entrepreneurs to access loans from financial institutions. Hence, the study recommends that financial institutions should introduce and operate an Islamic finance system, to encourage women entrepreneurs to go for loans as the interest rate is one of the most important constraints to women entrepreneurs seeking financial credits. Additionally, collateral demand attached to a loan for women should be removed to encourage women entrepreneurs to raise capital.
Description:
Entrepreneurship remains the gateway to sustainable wealth creation in Nigeria. Nigeria has serious business and investment potential as aresult of an abundance of dynamic human, vibrant, and natural resources [1]. Entrepreneurship is a process of creating and innovating new businesses and development of new business methods and vision by an entrepreneur to produce incremental value and wealth and thereby contributing to economic growth [2]. Entrepreneurship is often showcased in small and medium scale enterprises (SMEs). The entrepreneurship that is part of SMEs is very relevant, giving adequate opportunities for the use of local raw materials for vertical and horizontal linkages of business
