Kapepiso Summary of APPROVED proposal 2013 Final
INVESTMENT POLICY AND THE ROLE OF BANKING SECTOR IN SUPPORT OF SMALL AND MEDIUM-SIZED ENTERPRISE FINANCING
A SUMMARY OF A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILMENT
OF THE REQUIREMENTS FOR THE DEGREE OF
MASTER OF SCIENCE IN ACCOUNTING AND FINANCE
OF
THE UNIVERSITY OF NAMIBIA
BY
FELIS MUHAU KAPEPISO
STUDENT NO: 200114891
AUGUST 2013
Main Supervisor: Dr Udai Lal Paliwal
Small and Medium-sized Enterprises (SMEs) are universally recognized as a key force in driving forward the economic development (Migiro, 2005; Ramsden, 2010). Hence, the role of SMEs in the development process continues to be high on the agendas of policy makers and researchers. However, Namibia is struggling with access to formal financial services for its citizens specially the SMEs and the informal sector. Family and friends remain the main source for business loan in the informal and / or micro business sector (Stork, 2010). Many challenges and weaknesses have been identified by policy makers in Namibia within the financial sector (Republic of Namibia, 2012). SMEs in Namibia lack access to finance especially during start-up phase (Ramsden, 2010). Previous studies on SMEs in Namibia have focused mainly on the whole financial system; therefore this study aims to analyze the trend of SME access to bank finance and investigate the relationship between bank finance and SME success. This study proposes to address two specific objectives, the first objective will be to review investment policy of banking sector and trend of SME access to bank finance and the second objective will be to determine to what extent bank finance is contributing to success of SMEs.
This study proposes to use both qualitative and quantitative methods, to make sure the results are reliable and measures what the researcher desires by striking a balance between the two methods. Under qualitative method, descriptive research design will be used for reviewing the investment policy of banking sector,
A SUMMARY OF A RESEARCH PROPOSAL SUBMITTED IN PARTIAL FULFILMENT
OF THE REQUIREMENTS FOR THE DEGREE OF
MASTER OF SCIENCE IN ACCOUNTING AND FINANCE
OF
THE UNIVERSITY OF NAMIBIA
BY
FELIS MUHAU KAPEPISO
STUDENT NO: 200114891
AUGUST 2013
Main Supervisor: Dr Udai Lal Paliwal
Small and Medium-sized Enterprises (SMEs) are universally recognized as a key force in driving forward the economic development (Migiro, 2005; Ramsden, 2010). Hence, the role of SMEs in the development process continues to be high on the agendas of policy makers and researchers. However, Namibia is struggling with access to formal financial services for its citizens specially the SMEs and the informal sector. Family and friends remain the main source for business loan in the informal and / or micro business sector (Stork, 2010). Many challenges and weaknesses have been identified by policy makers in Namibia within the financial sector (Republic of Namibia, 2012). SMEs in Namibia lack access to finance especially during start-up phase (Ramsden, 2010). Previous studies on SMEs in Namibia have focused mainly on the whole financial system; therefore this study aims to analyze the trend of SME access to bank finance and investigate the relationship between bank finance and SME success. This study proposes to address two specific objectives, the first objective will be to review investment policy of banking sector and trend of SME access to bank finance and the second objective will be to determine to what extent bank finance is contributing to success of SMEs.
This study proposes to use both qualitative and quantitative methods, to make sure the results are reliable and measures what the researcher desires by striking a balance between the two methods. Under qualitative method, descriptive research design will be used for reviewing the investment policy of banking sector,