International Journal of Academic Management Science Research (IJAMSR)
  Year: 2022 | Volume: 6 | Issue: 2 | Page No.: 56-65
Financial Obstacles and How to Overcome Them: The Case of Young Congolese Graduates with Entrepreneurial Projects. Download PDF
Dr. Jean Kahuisa Makina

Abstract:
Objective: This study was undertaken to study the financial obstacles to youth entrepreneurship as well as the measures to overcome them, particularly among young Congolese graduates. Methodology: A research approach composed of quantitative techniques, specifically, the survey by questionnaire made it possible to collect the data. The data collected comes from an exploratory study conducted in Kinshasa among 588 young Congolese graduates of higher education and university, all aged 15 to 35. Results: The results reveal that the difficulties of obtaining funds to finance the entrepreneurial project are enormous for young Congolese graduates. This is the main source of vulnerability, a constraint and an important blocking element during the creation of a business by young Congolese graduates. Indeed, these young people experience difficulties in accessing financing and credit during business creation. Moreover, young graduates lack personal funds to create their own business. Thus, access to financing is important to facilitate the start-up of new businesses by young graduates. Originality/relevance/value: The originality of this study is based on the field analyzed, namely developing countries, specifically the Democratic Republic of Congo (DRC), a country less studied on the entrepreneurial level, and on its operational aim of development of entrepreneurship and the realization of entrepreneurial projects of young Congolese. Practical implications: Knowledge of financial barriers and the means to overcome them can have important implications for the creation, development and growth of small, micro and medium enterprises for young entrepreneurs in general and for young graduates in the Democratic Republic of the Congo. The fight against these obstacles can help encourage the realization of entrepreneurial projects through the creation of businesses by young Congolese graduates.