AN APPRAISAL OF PERFORMANCE OF SMALL SCALE ENTERPRISES IN COMMUNITY DEVELOPMENT; EVIDENCE FROM ANAMBRA SOUTH SENATORIAL ZONE, ANAMBRA STATE

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AN APPRAISAL OF PERFORMANCE OF SMALL SCALE ENTERPRISES IN COMMUNITY DEVELOPMENT; EVIDENCE FROM ANAMBRA SOUTH SENATORIAL ZONE, ANAMBRA STATE

TABLE OF CONTENTS

Approval page                                                                                                                        i

Dedication                                                                                                                   ii

Acknowledgement                                                                                                      iii

Outline            page                                                                                                                  vi

Abstract                                                                                         1

CHAPTER/INTRODUCTION

1.1 Background Of The Study                                                        2

1.2 Statement of  The Problem                                                      4

1.3 Purpose of the Study/Objective Of The Study                             6

1.4 Research Questions                                                                                               6

1.5 Statement Of The Research Hypothesis                                      6

1.6 Organization Of The Study                                                                7

1.7 Significance of the Study                                                          7

1.8 Limitation of the Study                                                             7

CHAPTER TWO/LITERATURE REVIEW

 2.1 Conceptual Issues on SMEs                                                     8

2.2 Government Intervention Policies                                              10

2.3 Reasons for Going into SMEs                                                   13

2.4 Sources of Financing SMEs                                                       14

2.5 Role of SMEs in Community Development                                  21

2.6 Factors Militating Against SMEs in Community Development        22

2.7. Theoretical Framework                                                              23

CHAPTER THREE/METHODOLOGY

3.1 Design of the Study                                                                   28

3.2 Area of Study                                                                            28

3.3 Population of the Study                                                               29

3.4 Instrument for Data Collection                                                    30

3.5 Method of Data Collection                                                          30

3.6 Validation of the Instrument                                                        31

3.7 Method of Data Analysis                                                             31

3.8 Limitation of the Study.                                                              32

CHAPTER FOUR/DATA PRESENTATION AND ANALYSIS

4.1 Introduction                                                                              34

4.2 Respondents’ Characteristics                                                      34

4.3 Analysis of the Research Questions                                              38

CHAPTER FIVE/ SUMMARY ,CONCLUSION AND RECOMMENDATION

5.1 Summary                                                                                                                44

5.2 Conclusion                                                                                                         44

5.3 Recommendations                                                                     45

References                                                                                  47

Appendix                                                                                                                    51

 

Abstract

This study examines an appraisal of 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; 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 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. Consequently this study therefore recommends that: government should re-introduce the small business credit scheme so that beneficiaries can use them to run the micro, small and medium enterprises; government, chamber of commerce and other non-governmental organization should regularly organize seminars for potential and actual small and medium enterprise operators where they should be educated on how to plan, organize, direct and control their businesses there should also be a re-introduction of soft loans for small and medium business by the government and financial institution to enhance the performance of SMEsin community development.

 

 

 

CHAPTER ONE

INTRODUCTION

1.1 Background Of The Study

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. SMEs help to diversify economic activities that have significant contributions to imports and exports, they are flexible and can adapt quickly to changing market demands (Ongori, 2009). Thus, SMEs contribute more and more to the national and international economies of the world.

 

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AN APPRAISAL OF PERFORMANCE OF SMALL SCALE ENTERPRISES IN COMMUNITY DEVELOPMENT; EVIDENCE FROM ANAMBRA SOUTH SENATORIAL ZONE, ANAMBRA STATE

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