Dec'23

Articles

Examining Women Entrepreneurs' Attitude Towards Informal Funding Sources and Their Empowerment in Tamil Nadu: An SEM Analysis

Toopalli Sirisha
Professor, Department of Management Studies, Sri Venkateswara College of Engineering, Tirupati, Andhra Pradesh, India; and is the corresponding author. E-mail: thopallisirisha@gmail.com

Nalla Bala Kalyan
Professor, Department of Management Studies, Sri Venkateswara College of Engineering, Tirupati, Andhra Pradesh, India. E-mail: drnallabala@gmail.com

The main objective of the study is to examine women entrepreneurs' attitude towards informal sources of funding and its impact on their empowerment in Kanchipuram district of Tamil Nadu, India. The study uses structural equation modeling (SEM) for analysis by adopting quota sampling with convenient sampling technique. The respondents were selected from three segments- agriculture-related, dairy and weaving businesses. The results show that the five factors used in the study-loan procedure and processing time, loan amount and interest rate, repayment schedule, flexibility in terms and conditions and easy collection method-have a significant impact on women entrepreneurs' attitude towards informal sources of funding, leading to their economic and social empowerment.

Introduction