Access to Finance and Its Challenges for Small Business Enterprises In the Case of Addis Ababa City, Bole Sub-city Administration

Abstract

This study aims at investigating access to finance and its challenges for small business enterprises in the case of Addis Ababa city, Bole sub-city administration. This study has five chapters. The study was use qualitative and quantitative research method. The research design was descriptive research design method. A total number of 130questioners were distributed but to accomplish the objective sample have been taken from 80 small business enterprises owners through judgmental or purposive sampling. The major finding of the study was the demographic characteristic of the respondents were 60% male and 40% female, the majority respondents age were in age of 31-40, according to gender woman owners or managers are more likely to access to finance than male owners or managers. According to employment opportunity 105was created in 3 different sectors. The challenges that affect access to finance are start-up source of finance and capital, lack of business training, lack of managerial skill and knowledge, lack of source of finance and others. The conclusion of the study was the challenge that small business enterprise face is lack of inadequacy in finance. The study recommends to managers or owners to study before starting business, to adapt rules and regulations quickly, adequate finance and others