AN ASSESSMENT INTO THE IMPACT OF MICRO-CREDIT ON PETTY TRADERS IN BO CENTRAL MARKET-SOUTHERN SIERRA LEONE
SUALIHO SHERIFF
, FATMATA SAIDU
Key Words: Microcredit, Petty Traders, Market, Impact
Abstract The study's primary aim is to assess microcredit's impact on petty traders in Bo Central Market, Sierra Leone. The specific objectives of the study include: i) to evaluate how access to microcredit influences the expansion of petty traders' businesses in Bo Central Market, ii) to analyze the effects of microcredit on the financial stability of petty traders in Bo Central Market, and iii) to identify the primary challenges petty traders face when attempting to access microcredit. The study combined qualitative data analysis and insights to explore how access to microcredit transforms the economic landscape for these traders. This research paper is helpful in the following ways: i) This study holds significant importance for several reasons, as it addresses critical gaps in understanding and implementing microcredit programs for petty traders in Bo Central Market. iii) the findings of this study will inform policymakers about the specific needs and challenges faced by petty traders in accessing and utilizing microcredit in Bo Central Market. Therefore, providing petty traders access to microcredit facilities in the Bo Central Market would affect their business growth, income level, and living standards. However, only a few studies have been conducted to determine the impact of this intervention and which steps can be taken at the policy level to improve it or invent other restructuring mechanisms. This study, therefore, seeks to address the following questions: How does access to microcredit influence the business operations and financial outcomes of petty traders in the Bo Central market? What are the primary challenges these traders encounter when accessing and managing microcredit?
"AN ASSESSMENT INTO THE IMPACT OF MICRO-CREDIT ON PETTY TRADERS IN BO CENTRAL MARKET-SOUTHERN SIERRA LEONE", IJSDR - International Journal of Scientific Development and Research (www.IJSDR.org), ISSN:2455-2631, Vol.9, Issue 11, page no.271 - 279, November-2024, Available :https://ijsdr.org/papers/IJSDR2411036.pdf
Volume 9
Issue 11,
November-2024
Pages : 271 - 279
Paper Reg. ID: IJSDR_212694
Published Paper Id: IJSDR2411036
Downloads: 000346998
Research Area: Commerce
Country: BO DISTRICT , BO CITY, SIERRA LEONE
DOI: https://doi.org/10.5281/zenodo.14214703
ISSN: 2455-2631 | IMPACT FACTOR: 9.15 Calculated By Google Scholar | ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 9.15 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
Publisher: IJSDR(IJ Publication) Janvi Wave
