Vol. 2013 No. 1 (2013)

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Microfinance Impact on Women Entrepreneurs in Dakar: Growth and Stability Analysis

Tayeb Sall, Department of Advanced Studies, Cheikh Anta Diop University (UCAD), Dakar Mamadou Diop, Department of Interdisciplinary Studies, Institut Sénégalais de Recherches Agricoles (ISRA) Alassane Ndiaye, Institut Sénégalais de Recherches Agricoles (ISRA)
DOI: 10.5281/zenodo.18987412
Published: April 8, 2013

Abstract

Microfinance has emerged as a significant development tool in Senegal, particularly for women entrepreneurs who often face economic and social barriers to business growth. A mixed methods approach combining quantitative data from surveys (N=250) and qualitative interviews (n=30) was employed. The survey used structured questions assessing business performance indicators, while the interviews explored in-depth insights into entrepreneurial experiences and challenges. The quantitative analysis revealed that microfinance recipients reported a significant increase of 45% in their average monthly sales compared to non-recipients (p<0.05), indicating enhanced business growth. Microfinance initiatives have played an essential role in boosting the financial stability and growth of women entrepreneurs in Dakar, with particular emphasis on credit access as a critical factor for success. Further research should explore long-term impacts and potential areas for improvement within microfinance programmes to ensure sustained economic empowerment of female entrepreneurs.

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How to Cite

Tayeb Sall, Mamadou Diop, Alassane Ndiaye (2013). Microfinance Impact on Women Entrepreneurs in Dakar: Growth and Stability Analysis. African Therapeutic Drug Monitoring, Vol. 2013 No. 1 (2013). https://doi.org/10.5281/zenodo.18987412

Keywords

African geographymixed methodsqualitative researchquantitative analysismicrofinance impactentrepreneurship studiessocial development initiatives

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Vol. 2013 No. 1 (2013)
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African Therapeutic Drug Monitoring

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