Paper Title

AN ASSESSMENT INTO THE IMPACT OF MICRO-CREDIT ON PETTY TRADERS IN BO CENTRAL MARKET-SOUTHERN SIERRA LEONE

Authors

SUALIHO SHERIFF , FATMATA SAIDU

Keywords

Key Words: Microcredit, Petty Traders, Market, Impact

Abstract

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?

How To Cite

"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

Issue

Volume 9 Issue 11, November-2024

Pages : 271 - 279

Other Publication Details

Paper Reg. ID: IJSDR_212694

Published Paper Id: IJSDR2411036

Downloads: 000346998

Research Area: Commerce

Country: BO DISTRICT , BO CITY, SIERRA LEONE

Published Paper PDF: https://ijsdr.org/papers/IJSDR2411036

Published Paper URL: https://ijsdr.org/viewpaperforall?paper=IJSDR2411036

DOI: https://doi.org/10.5281/zenodo.14214703

About Publisher

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

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