TY  - JOUR
T1  - The Impact of Entrepreneurs’ Levels of Education, Age and Years in Business on Their Decision to Obtain Finance for Small and Medium Enterprises (SMES) from Rotating Savings and Credit Associations (ROSCAS) in Lahore
AU - Salim Ullah, Mir AU - Naimi, Nasri Bin AU - Md Yusoff, Rosylin Binti 
JO  - The Social Sciences
VL  - 11
IS  - 13
SP  - 3252
EP  - 3256
PY  - 2016
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2016.3252.3256
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2016.3252.3256
KW  - age
KW  -finance
KW  -entrepreneur
KW  -ROSCA
KW  -SME
AB  - SMEs share only 6.5% of Pakistan’s formal loan portfolio. A greater part of their finances are obtained from ROSCAs. This study, was intended to determine the impact of entrepreneurs’ education, age and years in business on their decision to use ROSCAs. Primary data obtained from responses of 433 SMEs to a questionnaire is used. The SMEs were randomly selected from market committees’ lists. The study found that entrepreneurs’ level of education had a positive correlation with the volume of investment in ROSCAs. It was also found that their ages did not have an impact. Entrepreneurs of all ages participated in ROSCAs equally. The study also established that entrepreneurs’ years in business had a positive correlation with ROSCAs. Entrepreneurs accumulate larger retained earnings and confidence in ROSCAs over time.
ER  -