OWNER FINANCIAL LITERACY CHARATERISTIC: IMPLICATION FOR ACCESS TO FINANCE AMONG SMEs IN KWARA STATE NIGERIA
| dc.contributor.author | Lukman Adebayo Oke | |
| dc.date.accessioned | 2025-02-13T08:59:51Z | |
| dc.date.available | 2025-02-13T08:59:51Z | |
| dc.date.issued | 2018 | |
| dc.description.abstract | Active participation of Small and Medium Enterprises (SMEs) in the financial market, through easy access to financial products and services, does not only enhance their growth but also leads to financial development which is widely recognized as an important determinant of economic growth. The extent of complexity of the current financial landscape, which has unfolded a wide variety of financial products and services, behoves SME owners’ financial literacy for its exploitation. The study investigated the impact of financial literacy on financial access among SMEs in Kwara State, Nigeria. Data were drawn from the primary source through the use of questionnaire to elicit response from sampled SMEs owners or managers. Pearson’s correlation and Multiple Regression were adopted for inferential statistical analysis. The results revealed a significant positive relationship between financial knowledge and financial access; financial attitude and financial access; and financial behaviour and financial access. Based on these findings, the study concluded that financial literacy determines financial access of SMEs in Kwara State. The study therefore recommended branded and SME-targeted financial literacy programmes and schemes, instilling sound financial knowledge and positive financial attitude and behaviour, with emphasis on new technologies with a view to sustaining the sector financially and technically. Also, as their exist many unbanked SMEs in rural areas, penetration of the areas by opening more credit windows together with rolling off literacy training programmes to instill confidence and better usage could go a long way in enhancing financial access. | |
| dc.identifier.issn | 2636 – 526X (Print) | |
| dc.identifier.issn | eISSN: 2636 - 6460 (Online) | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/4370 | |
| dc.language.iso | en | |
| dc.publisher | Osogbo Journal of Management | |
| dc.relation.ispartofseries | Vol. 3, No. 1 | |
| dc.title | OWNER FINANCIAL LITERACY CHARATERISTIC: IMPLICATION FOR ACCESS TO FINANCE AMONG SMEs IN KWARA STATE NIGERIA | |
| dc.type | Article |