IMPACT OF MICRO FINANCE SERVICES ON WOMEN ENTREPRENEURIAL SUCCESS

Abstract

The women population of Sri Lanka is 53% out of total population and the majority of women are below the poverty line. Therefore, the women are doing micro level businesses to increase the living standard of their families. The Micro Finance Institutes provide both financial and non-financial services to enhance the women entrepreneurs. The objective of this study is to examine the impact of micro finance services on women entrepreneurial success. Micro Credit, Micro Savings and Skill Development Programmes were used as independent variables and the women entrepreneurial success was the dependent variable. The purposive sampling technique was applied to obtain the quantitative data from 103 women entrepreneurs out of 123 women entrepreneurs registered in Gampaha Divisional Secretariat using structured questionnaires with likert scale questions. Correlation and Multiple Regression were used to analysis the data. The finding reveals that there is a statistically significant positive impact of both Micro Credit and Micro Savings on Women Entrepreneurial Success. The researcher used Skill Development Programmes as non-financial services with Micro Credit and Micro Savings to identify the impact on Micro finance services on women entrepreneurial success rear the previous researchers have not use. It is recommended to the policy makers to provide convenient repayment procedures in micro credit and providing attractive product options in micro savings. There are numbers of researches done on the above topic and in Sri Lankan contest this research is done for specifically.