International Journal of Entrepreneurship (Print ISSN: 1099-9264; Online ISSN: 1939-4675)


Enhancing the Ecosystem for Micro, Small, and Medium-sized Enterprises in Liberia: A Holistic Analysis of Financial and Non-Financial Factors for Sustainable Growth and Economic Development

Author(s): Lemuel Kenneth David, Nosheen Amjad, Meiling Luo, Vanessa Angel

Micro, Small, and Medium-sized Enterprises (MSMEs) play a significant role in global economies, contributing to GDP and employment. However, there is a need to enhance their contribution to the global economy, particularly in terms of exports and international investment. This research aims to investigate the perspectives of entrepreneurs regarding the financial and non-financial support systems in the Republic of Liberia. By examining these factors, the study provides insights into how entrepreneurs perceive and utilize various forms of support in the MSME sector, informing policymakers and stakeholders about the effectiveness of existing support systems and identifying areas for improvement. The research explores the financial and non-financial factors that contribute to the success of MSMEs, highlighting the importance of tailored strategies that consider industry diversity and growth potential. The study also examines the institutional framework supporting MSMEs, including government policies, financial institutions, industry associations, and other non-governmental entities. The findings contribute to the sustainable growth and development of MSMEs in Liberia and provide valuable insights for policymakers, entrepreneurs, and stakeholders in fostering an enabling environment for entrepreneurial endeavors.

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