Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa

Getnet Mamo Habtie; Abel Lema

doi:doi:10.11648/j.scidev.20220302.11

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Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa

Getnet Mamo Habtie, Abel Lema

Published in Science Development (Volume 3, Issue 2)

Received: 6 April 2022 Accepted: 16 May 2022 Published: 24 May 2022

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Abstract

MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically.

Published in	Science Development (Volume 3, Issue 2)
DOI	10.11648/j.scidev.20220302.11
Page(s)	50-56
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2022. Published by Science Publishing Group

Keywords

Finance, Development, Business, Small Scale, Plan

References

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[5]	Federal Democratic Republic of Ethiopia (FDRE) & Ministry of Trade and Industry (MoTI). (2002). Micro and Small Enterprises Development Strategy, Addis Ababa,
[6]	Hafez G. (2013), “The Role of Micro and Small Enterprises in Egypt’s Economic Transition,” Brookings Global Working Papers, No. 52.
[7]	Hailey, J. (1993). Training for Entrepreneurs: International perspectives on the design of Enterprise Development Programs.
[8]	Hamilton, R. T. & Fox, M. A. (1998). The Financing Preference of Small Firm Owners, International Journal of Entrepreneurial Behavior & Research, 4 (3), 239-248.
[9]	ILO, (2003). Ethiopian women entrepreneurs: going for growth, ILO, Addis Ababa.
[10]	Jining Song, Junjie Wu (2008). An empirical Evidence of Small Business Financing in China. School of Accountancy and Financial Services.
[11]	Khan and Manopichetwattana (1989). Evaluating the Role, Prospects and Problems Faced by Women in this Emergent Sector, Gender in Management: An International Journal Vol. 23 No. 2, pp. 120-136.
[12]	Kuratko, D. F. (2007). Entrepreneurial leadership in the 21st century: Guest editor's perspective. Journal of Leadership & Organizational Studies, 13 (4), 1-11.
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APA Style

Getnet Mamo Habtie, Abel Lema. (2022). Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Science Development, 3(2), 50-56. https://doi.org/10.11648/j.scidev.20220302.11

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ACS Style

Getnet Mamo Habtie; Abel Lema. Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Sci. Dev. 2022, 3(2), 50-56. doi: 10.11648/j.scidev.20220302.11

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AMA Style

Getnet Mamo Habtie, Abel Lema. Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Sci Dev. 2022;3(2):50-56. doi: 10.11648/j.scidev.20220302.11

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@article{10.11648/j.scidev.20220302.11,
  author = {Getnet Mamo Habtie and Abel Lema},
  title = {Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa},
  journal = {Science Development},
  volume = {3},
  number = {2},
  pages = {50-56},
  doi = {10.11648/j.scidev.20220302.11},
  url = {https://doi.org/10.11648/j.scidev.20220302.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.scidev.20220302.11},
  abstract = {MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically.},
 year = {2022}
}

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TY - JOUR
T1 - Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa
AU - Getnet Mamo Habtie
AU - Abel Lema
Y1 - 2022/05/24
PY - 2022
N1 - https://doi.org/10.11648/j.scidev.20220302.11
DO - 10.11648/j.scidev.20220302.11
T2 - Science Development
JF - Science Development
JO - Science Development
SP - 50
EP - 56
PB - Science Publishing Group
SN - 2994-7154
UR - https://doi.org/10.11648/j.scidev.20220302.11
AB - MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically.
VL - 3
IS - 2
ER -

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Author Information

Getnet Mamo Habtie

Department of Statistics, College of Natural Science, Samara University, Samara, Ethiopia
Abel Lema

Department of Statistics, College of Natural Science, Samara University, Samara, Ethiopia

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APA Style

Getnet Mamo Habtie, Abel Lema. (2022). Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Science Development, 3(2), 50-56. https://doi.org/10.11648/j.scidev.20220302.11

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ACS Style

Getnet Mamo Habtie; Abel Lema. Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Sci. Dev. 2022, 3(2), 50-56. doi: 10.11648/j.scidev.20220302.11

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AMA Style

Getnet Mamo Habtie, Abel Lema. Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa. Sci Dev. 2022;3(2):50-56. doi: 10.11648/j.scidev.20220302.11

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@article{10.11648/j.scidev.20220302.11,
  author = {Getnet Mamo Habtie and Abel Lema},
  title = {Determinates on the Development of Micro and Small Enterprises (MSEs) in Kolfe Keranio Sub City, Addis Ababa},
  journal = {Science Development},
  volume = {3},
  number = {2},
  pages = {50-56},
  doi = {10.11648/j.scidev.20220302.11},
  url = {https://doi.org/10.11648/j.scidev.20220302.11},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.scidev.20220302.11},
  abstract = {MSEs are fruitful and beneficial to economic development and poverty minimization. The definition of microenterprise, also called a microbusiness, refers to a small business that hires few people. The main objective of this study was to assess the factors disturbing the development of MSEs in kolfe keranio sub city Addis Ababa Ethiopia. Using a survey of 314 MSEs managers/owners were involved. Stratified random sampling was used. primary and secondary data was used as the source of data, which is cross-sectional data that has been obtained by preparing questionnaire. Descriptive statistics method was applied to analyze in this study. Most of the variables were significant factor on this study. As the findings of mangers profile indicates, males’ participation in MSEs is 61.8 percent compared with females. The age of participants mostly falls in between 36-40 years signifying 33.4 percent. As indicated the result that there was lack market information in their enterprises, insufficient access of market, Deficiency of knowledge related to marketing strategies lack of multi- skill training to perform multiple tasks and lack of providing convincing business plan to get loan. Recommendations for corrective measures to develop the progress, MSEs feasible and money-spinning, adding the capacity and skill of the operators through continuous trainings, experience sharing from successful enterprises. The concerned body should help and support finically.},
 year = {2022}
}

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