Financial literacy and SME loan repayments in South Africa during the COVID-19 era

نویسندگان

چکیده

Small and medium-sized enterprises (SMEs) are the primary victims of COVID-19 outbreak because they lack adequate resources poorly prepared for such interruptions. For SMEs to expand, need financial assistance as loans advances from service providers. However, struggle repay these small in size do not make large turnovers, owners literacy. This study aims investigate relationship between literacy loan repayment SMEs. The followed a positivist paradigm, quantitative approach was employed. A total 110 self-completed Likert questionnaires were distributed, only 107 filled correctly analyzed using SPSS. results Pearson’s correlation coefficient showed strong significant SME repayments at r = 0.324, P < 0.0005. Regression analysis linear repayments, F (1.152) 17.806; 0.0005 is less than independent variable (SME repayments), B imply that if well-versed finance, will be capable repaying outstanding timely.

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ژورنال

عنوان ژورنال: Investment management & financial innovations

سال: 2022

ISSN: ['1810-4967', '1812-9358', '1813-4998']

DOI: https://doi.org/10.21511/imfi.19(4).2022.09