Performance of micro and small enterprises in Malawi: do village savings and loans associations matter?
Abstract
Village savings and loans has become a prominent financing option for micro and small enterprises in the Lilongwe District, Malawi. Despite this, its impact on the performances of micro and small enterprises (MSEs) are yet to be ascertained. Hence, this study aimed at assessing the effect of VSLAs on the performance of MSEs in Lilongwe, Malawi. The study used a comparative study by comparing VSLA member enterprises with non-VSLA member firms using with and without approach. Test of mean difference and multiple regression analysis was performed on the data obtained. The findings of the study indicated MSEs with access to VSLA services performed better than non-VSLA enterprises. It is, therefore, recommended that owners of micro enterprises join VSLAs to boost their performance through readily available loans and savings and capacity building through training and education.
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Cites
The Determinants of Capital Structure Choice
TITMAN, S., & WESSELS, R. (1988) · The Journal of Finance · doi:10.1111/j.1540-6261.1988.tb02585.x · Cited by 6,112 · cited 3× · see citing works
“In other words, saving opportunities and credit access engenders asset accumulation, sale growth and business expansion (Kester, 1986; Titman & Wessels, 1988).”
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- Authors
- Kaumba, A. A., Wiafe, E. A., & Chawinga, S.
- Affiliations
- University of Malawi (MW)
- Ghana Institute of Management and Public Administration (GH)
- Corresponding author
- Wiafe, Emmanuel Agyapong
- Venue
- Small Enterprise Research
- Publisher
- Informa UK Limited
- Published
- 2021-10-15
- Volume
- 30
- Issue
- 1
- Pages
- 107-128
- ISSN
- 1175-0979 (ISSN-L)
- 1321-5906
- OpenAlex
- W3205884347
- Cited by
- 6
- References
- 1
- Citations by year
- 2026: 1 · 2025: 2 · 2024: 2 · 2022: 1
- FWCI
- 0.53
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Small Enterprise Research (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Microfinance and Financial Inclusion
- Social Sciences › Business, Management and Accounting › Accounting › Financial Literacy and Behavior
- Social Sciences › Business, Management and Accounting › Strategy and Management › Cooperative Studies and Economics
- Keywords
- village savings and loan associations, micro and small enterprises, firm performance, access to finance, microfinance, Lilongwe District, capacity building, savings groups
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