Understanding financial management as a determining factor for the success of MSMEs: A qualitative study

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Qualitative study reveals that financial literacy impacts MSME success, highlighting barriers faced by owners.

Understanding financial management is crucial for the success and sustainability of MSMEs, helping them grow.
Key factors include cash flow management and long-term financial planning, but many MSME owners struggle with implementation.
Barriers like limited financial knowledge and resources hinder effective financial practices among MSMEs.
Findings suggest a need for better targeted support and education to enhance financial literacy in this sector.

Meileginta Kaban (2025) studied this question.

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