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Factors Contributing to the Success of Women Entrepreneurs Benefiting from Microfinance Programs in Algeria

Author

Listed:
  • Belgacem Amel

    (Department of international school, China women’s university, Beijing, China.)

  • Al-Mekhlafi Hesham

    (Business School, University of International Business and Economics (UIBE), Beijing, China.)

Abstract

This study explores the factors contributing to the success of women entrepreneurs in Algeria who have benefited from microfinance programs. It also examines the obstacles these entrepreneurs face. The primary aim of this research is to identify the key elements influencing the success of women who have participated in microcredit schemes. A qualitative methodology is employed, guided by the Lussier model of success, with a sample of nine women entrepreneurs from the Dar El Beida District in Algiers Province. The study investigates the factors behind their entrepreneurial success. The findings highlight several critical success factors, including financial support, family backing, management skills, partnerships, communication, networking, education, and prior experience. These factors are shown to have a significant impact on the success of women entrepreneurs in Algeria. The results further support the applicability of the Lussier model of success both locally and globally. In addition, the study provides valuable insights for policymakers, offering recommendations for developing programs that foster women's entrepreneurship. This research contributes to the existing literature by shedding light on why some women entrepreneurs succeed after benefiting from microfinance programs.

Suggested Citation

  • Belgacem Amel & Al-Mekhlafi Hesham, 2024. "Factors Contributing to the Success of Women Entrepreneurs Benefiting from Microfinance Programs in Algeria," International Journal of Science and Business, IJSAB International, vol. 42(1), pages 138-158.
    • Handle: RePEc:aif:journl:v:42:y:2024:i:1:p:138-158
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