EFFECT OF START-UP CAPITAL ON THE OUTCOME OF ENTREPRENEURSHIP BUSINESS AMONG WOMEN IN JOS NORTH LOCAL GOVERNMENT AREA OF PLATEAU STATE

Abstract

Inadequate capital has been a major challenge facing entrepreneurship development and its
outcome in our society. This study therefore explores the impact of start-up capital on
entrepreneurship outcomes among women in Jos North Local Government Area of Plateau State. It
highlights the critical role of financial resources, specifically bank loans and personal savings, in
fostering business success for women entrepreneurs. Utilizing a survey research design, data were
collected from a sample of 422 women entrepreneurs, employing the Cochran sampling formula to
ensure validity. A structured questionnaire gathered demographic information and assessed
perceptions of start-up capital's influence on business performance using a five-point Likert scale.
Data analysis was analyzed using Partial Least Square - Structural Equation Modelling (PLSSEM) to evaluate the complex relationships between start-up capital and entrepreneurial outcomes.
The findings indicated strong positive effect between Personal savings, bank loans on
entrepreneurship outcomes among women in Jos North Local Government Area of Plateau State,
emphasizing the need for enhanced access to capital and support for women entrepreneurs. The
study recommended that financial institutions should design tailored loan products specifically for
women entrepreneurs, offering lower interest rates and flexible repayment terms to encourage
more women to access start-up capital. Encourage a savings culture among women entrepreneurs
through workshops and community initiatives.