Informal Financial Services and Women Entreprenuership Performance: Assessing Some Selected Enterprises in Katsina, Katsina State, Nigeria
Keywords:
Informal Finance, Adashe, Rotational Savings, Cooperative Society, Women Entrepreneurship PerformanceAbstract
The study empirically examined the relationship between informal financial services and women entrepreneurship performance among selected enterprises in Katsina, Katsina State. To test the relationship, regressionanalysis was appliedon thecross-sectional survey data collected through mailed questionnaire administered to 212 women entrepreneurs in Katsina state. The study employs multi-stage sampling techniques: purposive sampling, stratified and simple random sampling method for sample selection.Findings from the study revealed a significant relationship between loan from friends/relatives and women entrepreneurship performance as well as a significant relationship between cooperative society’s thrift scheme and women entrepreneurship performance, with both p-value of 0.000.In contrast, there is an insignificant relationship between women entrepreneurship performance and daily contribution with rotational saving. Hence the study concludes that informal financial services are to a large extent significantly related to women entrepreneurship performance in Katsina state. Itis therefore, recommended that the women owned enterprises should give critical attention to the important of loans from friends/relatives and cooperatives societies in financing and developing their businesses. Also, the women owned enterprises must be able to identify and exploit other informal financing opportunities to capture vacant market positions with sustainable profit potential.
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