The role of microfinance institutions to the growth of women’s business projects

Abstract:

The goal of the study is to understanding the role of microfinance institutions in the development of women’s business projects in Ho Chi Minh City. Four independent variables make up the research model: savings, microfinance financial access, skill development programs, and business support. SPSS software was used to analyze survey data from 300 female businessmen. The findings of the research indicate that access to microfinance financial access, loan terms, and skill development initiatives are all inadequate. A lack of savings and limited consumption make it challenging to hire more workers. Theoretically, this study has clarified the variables influencing the growth of female-owned businesses in Ho Chi Minh City. According to the research findings, three factors include savings, access to financing, and skill development programs have an impact on encouraging the development of business projects by women. The proposed study suggests some solutions for Vietnamese regulatory agencies and microfinance organizations to assist female entrepreneurs in their business endeavors.