Factors Influencing Access to Debt Financing among Small and Medium Agribusiness Enterprises in Beni Town, Democratic Republic of the Congo
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Date
2019
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Economics, Commerce and Management
Abstract
The objective of this study was to examine the influence of firm-level factors on access to debt financing among Agribusiness-SMEs in Beni, DRC. The study’s target population consisted of 91 employees working in the respective finance departments of the 27 small and medium-sized agribusiness enterprises operating in Beni, DRC. A self-administered questionnaire was used to collect primary data which was analysed using the Statistical Package for Social Sciences (SPSS) version 23.0. Both descriptive and inferential statistical analysis were conducted. Findings showed that firm-specific factors, financial factors, and manager/owner factors play a significant role as far as access to debt is concerned. The study indicated that the three categories of factors combined together explain 66.4% of the access to debt financing among Agribusiness-SMEs in Beni. The study recommended that Agribusiness-SMEs have proper accounting in order to increase their chances of accessing debt financing.
Description
Keywords
Access to Debt Financing, Small and Medium Agribusiness Enterprises, Beni Town, Democratic Republic of the Congo, Firm-specific factors, Financial factors, Manager/owner-specific factors
Citation
Katuka, T. Kagwaini, D., & Waweru, J. (2019). Factors Influencing Access to Debt Financing among Small And Medium Agribusiness Enterprises in Benitown, Democratic Republic of the Congo. International Journal of Economics, Commerce and Management, VII (7), 1-17, ISSN 2348 0386. http://ijecm.co.uk/wpcontent/uploads/2019/07/7716.pdf