International Journal of Economics and Business Management

Effect of financial record keeping on the financial sustainability of women entrepreneurs in Mjini Magharib, Zanzibar Tanzania

IJEBM ID: ij0002xdbf3a May 28, 2026

Effect of financial record keeping on the financial sustainability of women entrepreneurs in Mjini Magharib, Zanzibar Tanzania

Khamis M. Haji, Biruk Ayalew Wondem, Namungo Hamzah
Published May 28, 2026 Pages 44-58

Article Abstract

Financial record keeping is an essential capacity that strongly supports the management of funds, providing evidence summarized in accuracy, transparency, and compliance to improve business continuity (Zaniarti et al., 2022; Khan, and Afridi., et al., 2022). Financial sustainability is the condition of an individual, firm, or association to keep its financial health over the long term, ensuring it can fulfill its obligations in investing for future growth (Smith et al., 2023; Johnson and Lee, 2024). The purpose of this study is to examine the effect of record keeping on the financial sustainability of women entrepreneurs in Mjini Magharib, Zanzibar. Women entrepreneurs participate a crucial position in addressing societal challenges, through the human capital theory; entrepreneurs applied a combination of knowledge and skills to sustain financial resources for future business growth. The regression approaches used to analyze primary data collected show that the records keeping components, which are accuracy and transparency has relationship to financial sustainability, to conclude that financial record-keeping plays a significant role in ensuring that achieving business goals through knowledge and increasing financial sustainability. Ministry concerns that collaboration with financial institutions continues to organize seminars for women entrepreneurs to open their minds on financial literacy. Further study shall focus on compliance, timeliness, and willingness of women entrepreneurs on financial sustainability.

Indexed Terms

Accuracy Transparency Education level Financial behavior change and financial sustainability
Citation

How to Cite this Article

Khamis M. Haji, Biruk Ayalew Wondem, Namungo Hamzah. "Effect of financial record keeping on the financial sustainability of women entrepreneurs in Mjini Magharib, Zanzibar Tanzania." International Journal of Economics and Business Management , vol. 2 , no. 2 , 2026 , pp. 44-58

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Author Profiles

Biruk Ayalew Wondem
Department of Finance and Accounting, College of Economics and Management, Kampala International University, Uganda Uganda