Effect of Financial Literacy on Entrepreneurship Development in Rwanda: A Case of Green Yard Enterprise in Nyagatare District, Rwanda

Kwizera Nina Nicole & Kato Mahazi Kasozi
University of Kigali
https://orcid.org/0009-0008-4887-4029
Email: ninanicolek@yahoo.fr

Abstract: This research investigated the effect of financial literacy on entrepreneurship development in Rwanda, a case of Green Yard Enterprises. The population was comprised of employees of Green Yard Enterprises in different departments targeting 134 employees. To describe target population of a study as the point of focus from which a generalization was made regarding the research findings. Thus, there was a sample size of 134 respondents. Research used quantitative data analyzed using descriptive and inferential statistics after running the data collected through the Statistical Package for Social Sciences. The findings indicated that for the first statement that stated that “I create written financial objectives detailing my yearly goals for my business” the respondents agreed with a mean of 3.96 and standard deviation of 1.204 with the statement and this indicated that the respondents agreed with the statement as indicated by the strong mean and heterogeneity of answers as indicated by the standard deviation where the respondents had different opinions of the statement”. The second statement evaluated was there is “I create a documented annual budget of my business’s income and expenses” where the respondents strongly agreed with a mean of 4.06 and standard deviation of .994. “This indicated that the respondents strongly agreed with the statement as indicated by the strong mean and heterogeneity of answers as indicated by the standard deviation where the respondents had different opinions of the statement. The relationship between financial literacy and entrepreneurship development in Rwanda is significant and multifaceted.