The Impact of Entrepreneurship Institutions on Access to Micro-Financing for Sustainable Enterprise in an Emerging Economy

Abstract

The emergence of entrepreneurship institutions, as a mechanism, is not only for sustainability, but access to micro-financing for entrepreneurs has also become pivotal owing to the heightened spate of economic degradation, growing poverty rates, and an upsurge in rural–urban migration, all currently occurring across the globe. This study adopted a descriptive survey research method, gathering data by using a questionnaire that served as the basis for analysis. Regression analysis techniques from the Statistical Package for Social Science were used to test the hypothesis. The study’s participants and research population, respectively, comprised 711 active National Youth Service Corps members from the Aniocha-North Local Government Area in the Delta State in Nigeria. The results indicate that entrepreneurship institutions impact entrepreneurs’ access to micro-financing and enterprise sustainability in emerging economies. Hence, the study recommends, as a policy implication, that entrepreneurship institutions should be established with capacity to provide for micro-finance enterprises, which will guarantee their sustainability, productivity and viability.