Please use this identifier to cite or link to this item: https://hdl.handle.net/10321/4633
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dc.contributor.authorMsomi, Thabiso Sthembisoen_US
dc.contributor.authorOlarewaju, Odunayo Magreten_US
dc.date.accessioned2023-02-14T14:29:16Z-
dc.date.available2023-02-14T14:29:16Z-
dc.date.issued2022-
dc.identifier.citationMsomi, T. and Olarewaju, O. 2022. Nexus of loan re-payment plans, interest on loans and the sustainability of small and medium enterprises in South Africa. African Journal of Inter/Multidisciplinary Studies. 4(1): 205-216. doi:10.51415/ajims.v4i1.976en_US
dc.identifier.issn2663-4597-
dc.identifier.issn2663-4589 (Online)-
dc.identifier.urihttps://hdl.handle.net/10321/4633-
dc.description.abstractThis paper examined the influences of interest on loans and loan re-payment plans on the sustainability of small and medium enterprises (SMEs) in South Africa. A quantitative research design that adheres to the positivist paradigm was utilized for this study's methodology. The study targeted 103 SMEs operating in KwaZulu-Natal, South Africa using purposive sampling. A total of 103 surveys were administered, representing a participation rate of 100 percent. The analysis demonstrated a positive relationship between interest on loans and the SMEs’ sustainability and positive relationship between Loan re-payment plans and SMEs’ sustainability. The study recommended that financial institutions should examine loan re-payment plans for SMEs as necessary in order to minimize loan defaults by SMEs, and financial institutions should cut loan interest rates and the costs associated with loan approvals, which may be accomplished via automation and the utilization of online applications. Furthermore, the study suggested that financial institutions should design a flexible loan re-payment plan for SMEs that considers the nation's economic realities.</jats:p>en_US
dc.format.extent12 pen_US
dc.language.isoenen_US
dc.publisherDurban University of Technologyen_US
dc.relation.ispartofAfrican Journal of Inter/Multidisciplinary Studies; Vol. 4, Issue 1en_US
dc.subjectInterest ratesen_US
dc.subjectLoan paymentsen_US
dc.subjectSustainabilityen_US
dc.subjectSmall businessen_US
dc.titleNexus of loan re-payment plans, interest on loans and the sustainability of small and medium enterprises in South Africaen_US
dc.typeArticleen_US
dc.date.updated2023-02-12T08:09:47Z-
dc.identifier.doi10.51415/ajims.v4i1.976-
item.languageiso639-1en-
item.fulltextWith Fulltext-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.grantfulltextopen-
item.openairetypeArticle-
item.cerifentitytypePublications-
Appears in Collections:Research Publications (Accounting and Informatics)
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