A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria

This study investigated the various factors that impede both the access to and use of the requisite financial resources for entrepreneurial development in Ilorin, Nigeria. Data was collected via a survey questionnaire administered on Muslim micro-entrepreneurs in the study area. A measurement mode...

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Main Authors:	Adeyemi, Adewale Abideen, Pramanik, Ataul Huq, Mydin Meera, Ahamed Kameel
Format:	Article
Language:	English
Published:	IIUM Institute of Islamic Banking and Finance 2012
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/26252/ http://irep.iium.edu.my/26252/ http://irep.iium.edu.my/26252/1/A_measurement_model_of_the_determinants_of_financial_exclusion_among_micro-entrepreneurs_in_Ilorin%2C_Nigeria.pdf

id	iium-26252
recordtype	eprints
spelling	iium-262522016-04-17T23:24:52Z http://irep.iium.edu.my/26252/ A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria Adeyemi, Adewale Abideen Pramanik, Ataul Huq Mydin Meera, Ahamed Kameel HG Finance This study investigated the various factors that impede both the access to and use of the requisite financial resources for entrepreneurial development in Ilorin, Nigeria. Data was collected via a survey questionnaire administered on Muslim micro-entrepreneurs in the study area. A measurement model using the structural equation modelling approach was adopted. The paper concluded that both the voluntary and involuntary financial exclusion factors significantly account for financial exclusion among the respondents. However, voluntary exclusion signals a relatively serious problem. This is because it is a reflection of lack of use, rather than lack of access to financial services by the Muslim poor. In this regard, religious consideration as well as debt phobia as a reflection of the presence of Islam in the area had statistically significant factor loadings. Recommendations were also offered. IIUM Institute of Islamic Banking and Finance 2012 Article PeerReviewed application/pdf en http://irep.iium.edu.my/26252/1/A_measurement_model_of_the_determinants_of_financial_exclusion_among_micro-entrepreneurs_in_Ilorin%2C_Nigeria.pdf Adeyemi, Adewale Abideen and Pramanik, Ataul Huq and Mydin Meera, Ahamed Kameel (2012) A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria. Journal of Islamic Finance, 1 (1). pp. 30-43. ISSN 2289-2117 (O), 2289-2109 (P) http://www.iium.edu.my/iiibf/research-publication/journal-1
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance
spellingShingle	HG Finance Adeyemi, Adewale Abideen Pramanik, Ataul Huq Mydin Meera, Ahamed Kameel A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
description	This study investigated the various factors that impede both the access to and use of the requisite financial resources for entrepreneurial development in Ilorin, Nigeria. Data was collected via a survey questionnaire administered on Muslim micro-entrepreneurs in the study area. A measurement model using the structural equation modelling approach was adopted. The paper concluded that both the voluntary and involuntary financial exclusion factors significantly account for financial exclusion among the respondents. However, voluntary exclusion signals a relatively serious problem. This is because it is a reflection of lack of use, rather than lack of access to financial services by the Muslim poor. In this regard, religious consideration as well as debt phobia as a reflection of the presence of Islam in the area had statistically significant factor loadings. Recommendations were also offered.
format	Article
author	Adeyemi, Adewale Abideen Pramanik, Ataul Huq Mydin Meera, Ahamed Kameel
author_facet	Adeyemi, Adewale Abideen Pramanik, Ataul Huq Mydin Meera, Ahamed Kameel
author_sort	Adeyemi, Adewale Abideen
title	A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
title_short	A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
title_full	A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
title_fullStr	A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
title_full_unstemmed	A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
title_sort	measurement model of the determinants of financial exclusion among micro-entrepreneurs in ilorin, nigeria
publisher	IIUM Institute of Islamic Banking and Finance
publishDate	2012
url	http://irep.iium.edu.my/26252/ http://irep.iium.edu.my/26252/ http://irep.iium.edu.my/26252/1/A_measurement_model_of_the_determinants_of_financial_exclusion_among_micro-entrepreneurs_in_Ilorin%2C_Nigeria.pdf
first_indexed	2023-09-18T20:39:07Z
last_indexed	2023-09-18T20:39:07Z
_version_	1777409246181195776

A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria

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