Investigating the role of financial literacy in the financial sustainability of micro-businesses at Bokamoso Entrepreneurial Centre in Namibia
| dc.contributor.author | Fillipus, David | |
| dc.date.accessioned | 2024-02-12T06:36:10Z | |
| dc.date.available | 2024-02-12T06:36:10Z | |
| dc.date.issued | 2023 | |
| dc.description | A thesis submitted in partial fulfilment of the requirements for the degree of master in business administration- Finance | en_US |
| dc.description.abstract | This study investigated the role of financial literacy on the financial sustainability of micro-businesses at the Bokamoso Entrepreneurial Centre in Namibia. Data was collected from 18 micro-business owners operational in the Centre. The study employed a qualitative method using an interview guide to conduct face-to-face interviews. Results show that 89 percent of micro-business owners are financially illiterate and this affects the financial sustainability of micro-businesses. Furthermore, the study revealed that all micro-businesses in the centre do not have access to funds in the formal financial market. This may be caused by micro-business owners’ low level of financial literacy that reduces their confidence to participate in the formal financial market and this influences their financial decision-making. It was also revealed that politics, high collateral and lack of information are some of the major factors that prevent micro-businesses from accessing funds. The study also revealed that 78 percent of micro-business owners have bad financial attitude. As a result, the study recommends for financial education to be introduced in schools from primary school level. There is also a need for major players in the financial market to conduct seminars to create awareness and make information available to the micro-business owners. | en_US |
| dc.identifier.uri | http://hdl.handle.net/11070/3778 | |
| dc.language.iso | en | en_US |
| dc.publisher | University of Namibia | en_US |
| dc.subject | Financial literacy | en_US |
| dc.subject | Financial sustainability | en_US |
| dc.subject | Micro-businesses | en_US |
| dc.subject | Bokamoso Entrepreneurial Centre | en_US |
| dc.subject | Namibia | en_US |
| dc.title | Investigating the role of financial literacy in the financial sustainability of micro-businesses at Bokamoso Entrepreneurial Centre in Namibia | en_US |
| dc.type | Thesis | en_US |