Abstract
This study investigated on challenges facing growth of small business at Ngongongare Village in Arusha, Tanzania. Through stratification and systematic random sampling procedures, 60 respondents filled the questionnaire which was validated through expert judgment. Reliability test yielded Cronbach''s Alpha above 0.6 meaning reliable for data collection. Data analyzed descriptive inferential statistics to determine that face businesses. The concluded loan accessibility a major challenge faced businesses Village. indicated by fact owners depended profit from their source capital. Lack innovative skills run another due did not have opportunities attend workshops seminars how Based these conclusions, it is recommended there need establish SACCOS near educate importance accessing loans banks other financial institutions instead depending only as Finally, Faculty Business University Arusha should organize regular surround university order instill knowledge marketing strategies effectively.
Cite
CITATION STYLE
Nzumbi, N. E., & Misungwi, L. (2019). Challenges Facing Growth of Small Business: A Case of Ngongongare Village in Arusha, Tanzania. International Journal of Academic Research in Business and Social Sciences, 9(10). https://doi.org/10.6007/ijarbss/v9-i10/6457
Register to see more suggestions
Mendeley helps you to discover research relevant for your work.