Jacqueline Siwale|Chrine C. Hapompwe|Crispin Kukano|Nelson C.Kabanda|Newton Phiri
Analysis of the Impact of Financial Illiteracy on Small and Medium Enterprises’ (?ME?) Growth in Lusaka’s Central Bu?ine?? District, Zambia
Cavendish University Zambia|Cavendish University Zambia|University of Lusaka|Cavendish University Zambia|Texila American University
purpose tudy analyse impact financial illiteracy mebusiness ucce lusakas central business districtthe study used quantitative paradigm selfadministered questionnaire main data collection instrument cross section smes namely hardware hair dreing barbershops computer servicebuine centre supermarkets retaurantbar photo studios health service boutiquefashion stores electronicelectrical stores butcheries constituted target populationthe nonprobabilistic probabilistic sampling techniques used particularly purposive random sampling criteria respectivelyout 500 target population n smes subject matter area review per record local authority study sampled 10 50 sample size selected systemticallypurpoive ampling wa also ued research select business owners interviewed random ampling used select interviwees various firmstratified ampling technique used various stages study study involved heterogeneous populationdata analyzed using computer based statistical data analysis package spss version 160the study revealed among others record keeping kill poitive ignificant effect growth tudiedit also revealed people debt management literacy skills able generate wealth management reource optimally le financial cot hence need deliberate debt management literacy among methe tudy also found poor budgeting kill major caue failure metherefore concluded financial literacy ha positive impact ucce lusaka owner le financial literacy le profitability thoe higher financial literacy