Financial Literacy and Business Growth in Women-Led Enterprises: A Study of Koabiga Cooperative in Gasabo Districts, Rwanda

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dc.contributor.authorMukamwezi, Albertine
dc.contributor.authorMwazuan, Alice Ngele
dc.date.accessioned2025-12-18T01:31:50Z
dc.date.available2025-12-18T01:31:50Z
dc.date.issued2025
dc.description.abstractThe business growth is significantly influenced by women's financial attitudes, with positive financial orientations correlating with increased revenue generation and sustainable business scaling. The purpose of the study was to investigate the influence of financial literacy on business growth among women-led enterprises in Koabiga Cooperative in Gasabo District, Rwanda. The study was guided by the specific objectives, namely, to assess the influence of women’s financial attitude on business growth, establish the influence of financial skills on business growth among women-led enterprises, and identify the influence of financial knowledge on business growth among women-led enterprises in Koabiga Cooperative in Gasabo District. This study employed a cross-sectional research design combining both quantitative and qualitative research approaches. The target population was 100, and using the Krejcie and Morgan table, a sample size of 80 businesswomen cooperative members was determined. Data was collected using the questionnaire survey and interview guide method. Results on model summary demonstrates a strong positive relationship between financial literacy and business growth among women cooperatives in Rwanda. The R Square of 0.924 reveals that 92.4% of business growth variance is explained by Financial Literacy (Financial Knowledge, Financial Skills, Financial Attitude), suggesting robust predictive power. The adjusted R Square of 0.854 accounts for model complexity, maintaining strong explanatory capacity. The results revealed a strong positive correlation between financial attitude and business growth (r = 0.763, p < 0.01). Financial skills demonstrated the strongest correlation with business growth among all variables (r = 0.900, p < 0.01). Financial knowledge proved the correlation with business growth (r = 0.746, p < 0.01). Overall, the findings highlight the critical role of financial literacy, particularly skills, in enhancing business growth among women-led enterprises in Koabiga Cooperative in Gasabo District. The government and cooperative development agencies should implement programs that cultivate positive financial attitudes among women entrepreneurs.
dc.identifier.citationMukamwezi, A., & Mwazuan, A. N. (2025). Financial literacy and business growth in women-led enterprises: A study of Koabiga Cooperative in Gasabo Districts, Rwanda. Journal of Emerging Trends in Economics and Management Sciences, 16(6), 238–247.
dc.identifier.issn2141-7024
dc.identifier.urihttp://hdl.handle.net/20.500.12493/3037
dc.language.isoen
dc.publisherJournal of Emerging Trends in Economics and Management Sciences (JETEMS)
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United Statesen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/
dc.subjectFinancial Attitude
dc.subjectFinancial Skills
dc.subjectFinancial Knowledge and Business Growth
dc.titleFinancial Literacy and Business Growth in Women-Led Enterprises: A Study of Koabiga Cooperative in Gasabo Districts, Rwanda
dc.typeArticle

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