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An Appraisal of Performance of Small Scale Enterprises in Community Development; Evidence from Anambra South Senatorial Zone, Anambra State (PDF)

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– An Appraisal of Performance of Small Scale Enterprises in Community Development; Evidence from Anambra South Senatorial Zone, Anambra State (PDF) –

Download An Appraisal of Performance of Small Scale Enterprises in Community Development; Evidence from Anambra South Senatorial Zone, Anambra State (PDF). Business Administration students who are writing their projects can get this material to aid their research work.

Abstract

This study examines an appraisal of the performance of small scale enterprises in community development; evidence from Anambra South senatorial zone, Anambra state.

Specifically, the study provides the reasons for going into SMEs; sources of financing SMEs; the role of SMEs in community development and factors militating against SMEs in community development.

The researchers distributed 143 questionnaires to the respondents that make up the sample size. The research questions were answered using the mean rating under the modified four-point Likert scale.

Result of the investigation reveals that SMEs play the following role in community development: Generation of employment; Service provision; Improve living standards and poverty alleviation.

Introduction

SMEs have been discovered to be a key driver for a country’s economic growth (Schmiemann, 2009) hence, SMEs cannot be overlooked in the economic development of any country.

Okongwu (2001) argues that SMEs are recognized as the main source of economic growth and a major factor in promoting private sector development and partnership, in developed and developing countries.

SMEs help to create employment and are often seen as very important for the growth and innovation of dynamic economies (Mutula and Brakel, 2006). Therefore, economic growth and development in Africa can be achieved through the emergence of strong SMEs, which will later grow to become major players in the developing economy.

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