FINANCIAL LITERACY AND WOMEN ENTREPRENEURSHIP IN SYANGJA DISTRICT

Abstract

The objectives of this research was to factors influencing women entrepreneurship in the Syangja district, focusing on the impact of financial education, cash forecasting, bookkeeping practice, and access to finance. This research was descriptive and casual comparative in nature. The study is based on various statistical tests and analysis. Descriptive statistics is used to calculate mean and standard deviation. Correlation and regression are calculated to analyze and interpret the data. The result is based on 150 respondent‘s response. The population for this study constitutes customer of different sectors women entrepreneurs in Syangja District. The population for this study is unknown since there is no record of individuals who are women entrepreneurs. So, the sample size for the study included 205 women entrepreneurs. The study used convenience-sampling techniques to determine the sample. A structured questionnaire was distributed among the women entrepreneurs by visiting and sending in the social media platforms and other electronic medium. The study reveals critical insights into the factors that drive women entrepreneurship in the Syangja district. The analysis indicates that financial education, cash forecasting, and access to finance are significantly linked to the level of women entrepreneurship, highlighting their pivotal roles in fostering entrepreneurial activities. These findings suggest that interventions aimed at strengthening these areas could substantially benefit aspiring and existing women entrepreneurs. Financial education emerged as a key determinant of entrepreneurial success, reflecting its essential role in equipping women with the knowledge and skills needed to manage their businesses effectively. Improved financial literacy enables entrepreneurs to make informed decisions, plan strategically, and navigate financial challenges more successfully. This underscores the importance of integrating comprehensive financial education programs into support initiatives for women entrepreneurs. In conclusion, the study emphasizes the importance of targeted support in financial education, cash forecasting, and access to finance for enhancing women entrepreneurship.