Innovative financing model for sustainable entrepreneurship: unlocking funding opportunities for impact-driven ventures in Kaduna state, Nigeria.
Article Abstract
This study examines innovative financing models for sustainable entrepreneurship by identifying novel approaches, analyzing funding challenges, and developing strategic solutions to improve access to finance. Guided by three objectives and corresponding research questions, the study surveyed 200 sustainable SMEs in Kaduna State using structured questionnaires validated by experts and piloted (Cronbach's α = 0.85). Descriptive statistics revealed that lack of collateral and high interest rates are primary barriers to funding. Crowdfunding and impact investing emerged as effective models. The paper recommends capacity-building programs for financial institutions and policymakers to enhance awareness and utilization of these models among sustainable entrepreneurs.
Indexed Terms
Financing model
Entrepreneurship
Sustainability
Impact-driven venture
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How to Cite this Article
Lughu Daniel Kobin. "Innovative financing model for sustainable entrepreneurship: unlocking funding opportunities for impact-driven ventures in Kaduna state, Nigeria.." International Journal of Economics and Business Management , vol. 2 , no. 2 , 2026 , pp. 109-113