Conference Proceedings

Fifth International Conference on Advances in Computing, Communication and Information Technology - CCIT 2017

An Investigation into Credit Accessibility For Small and Medium Scale Enterprise In Construction Industry of Gauteng Province in South Africa. Literature Review

Author(s) : AIGBAVBOA CLINTON , JUSTUS NGALA AGUMBA, NAZEEM ANSARY, OLANREWAJU ABDUL BALOGUN, WILLINGTON THWALA

Abstract

This paper focuses on determining the socio - economic and demographic factors that predict credit accessibility from financial institutions (banks) in South Africa. Data was obtained through, questionnaire survey from 179 small and medium enterprises (SM C Es) who were conveniently sampled. The questionnaire was developed from literature review. The socio - economic and demographic determinants predicting credit accessibility were identified. The data was analysed using statistical package for the social sciences (SPSS) ve rsion 22. The results indicate that credit was predicted by age group, current position in the organization, tax number and location. The gender of the respondent, type of business ownership a nd collateral (security) . This study informs SM C Es owners and man agers to provide, their age, current position in the organization when applying for credit. Furthermore, they should provide the tax number and the location of the business in orde r for them to obtain credit from banks.

Conference Title : Fifth International Conference on Advances in Computing, Communication and Information Technology - CCIT 2017
Conference Date(s) : 02-03 September, 2017
Place : Novotel Zurich City-West Schiffbaustrasse 13, 8005 Zurich, Switzerland
No fo Author(s) : 5
DOI : 10.15224/978-1-63248-131-3-68
Page(s) : 141 - 145
Electronic ISBN : 978-1-63248-131-3
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