Title: Financial literacy and performance of female entrepreneurs in southeast Nigeria
Authors: Chiamaka L. Anaike
Volume: 9
Issue: 7
Pages: 34-46
Publication Date: 2025/07/28
Abstract:
he study examined the extent to which financial literacy (proxy by budgeting literacy) affects the performance of female entrepreneurs in Southeast Nigeria. The study adopted survey design. Out of the population of 5,690 female entrepreneurs in Southeastern Nigeria, a sample size of 374 was determined for the study using Taro-Yamane (1967) formula for finite population. This research made use of primary data which were collected using structured questionnaires. Regression analysis was carried out in the study. The finding revealed that budgeting literacy has a significant and positive effect on the performance of female entrepreneurs in Southeast Nigeria at 5% significance level. Based on the findings, the study recommends, among others, that Women Entrepreneur Networks should facilitate peer-learning initiatives where successful female entrepreneurs mentor others on budget preparation, monitoring, and adjustment strategies, fostering a culture of financial discipline within the group.