Table 4

Factors that influence formal financing options among micro-entrepreneurs

PropositionPredictor
ICREDIT HISTORY has a positive and significant impact on formal financing options (p = 0.000, β = 0.221)Supported
IIINCOME has a positive and insignificant impact on formal financing options (p = 0.081, β = 0.186)Not supported
IIIASSET has a positive and significant impact on formal financing options (p = 0.000, β = 0.201)Supported
IVFEMALE has a positive and insignificant impact on formal financing options (p = 0.096, β = 0.254)Not supported
VAWARENESS has a positive and significant impact on formal financing options (p = 0.00, β = 0.143)Supported
VINETWORK has a negative and insignificant impact on formal financing options (p = 0.740, β = −0.132)Not supported

Source(s): Compiled by the authors

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