Challenges and Opportunities Micro, Small and Medium Enterprises; The case of West Shoa Zone, Nono Woreda, Ethiopia

Abstract

The main purpose of this study is to assess the challenges and oppurtunity on growth of the micro small and medium enterprises in Nono woreda., To achieve the overall objective of the study data were collected from both primary and secondary sources. The researcher used systematic and purposive sampling techniques; these sectors were selected with the consultation of the Woreda officials and data obtained from the profile of different enterprises operating in silk amba and Dirre Godo Town. The main instrument of data collection was the questionnaire and supported by interview. The data were presented in tables as frequency, distribution in the data analysis; the techniques of percentages frequencies and maen were used. Accordingly, challenges of financial facilities, appropriate working place, government support, marketing networks, personal related problem, infrastructural facilities as well as leadership efficiencies had very high effects on the success of the studied area MSMEs. Thus Considering the output of the research, the study were recommended the following; to reduce financial related challenges the study recommend MFI, Banks and the concerning bodies come together and discuss this problem and scratch the solution; besides, reconsiders the procedures, to reduced leader efficiency among member groups of MSMEs the study recommend that Nono one place service giving bureau of SMEs may providing experts technical assistance and training according to the nature of the enterprises. Finally, in west shoa zone Nono woreda the research will be conducted continuous to identify the potential challenges of the micro and small enterprises.