JETIREXPLORE- Search Thousands of research papers



Published in:

Volume 7 Issue 10
October-2020
eISSN: 2349-5162

Unique Identifier

JETIR2010058

Page Number

496-506

Share This Article


Title

Financial supporting mode for Small Businesses to coup with COVID-19 lockdown restriction

ISSN

2349-5162

Cite This Article

"Financial supporting mode for Small Businesses to coup with COVID-19 lockdown restriction", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 10, page no.496-506, October-2020, Available :http://www.jetir.org/papers/JETIR2010058.pdf

Abstract

Relatively, small businesses have less liquidity and risk management capacity than large businesses. As such, they are more vulnerable for COVID-19 lockdown restriction impacts. Moreover, the failure of small business may escalated into the entire economic collapse. Thereby, saving this sector can stabilize the impact of COVID-19 on economic as well as social crisis. In this regards, the study focused on the designing of financial supporting schemes that can prevent small business from failure in Ethiopia. Based on other countries experiences and review of literatures, four important component of financial supporting schemes were identified. They are COVID-19 based special loan to cover salary, rent, and other fixed cost; suspension of interest and principal payments; exemption of tax payment and social contribution; and loosening of financial requirements.

Key Words

COVID-19, Financial Model, Small businesses survival, PMIRMA model, Ethiopia

Cite This Article

"Financial supporting mode for Small Businesses to coup with COVID-19 lockdown restriction", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp496-506, October-2020, Available at : http://www.jetir.org/papers/JETIR2010058.pdf

Publication Details

Published Paper ID: JETIR2010058
Registration ID: 301712
Published In: Volume 7 | Issue 10 | Year October-2020
DOI (Digital Object Identifier):
Page No: 496-506
ISSN Number: 2349-5162

Download Paper

Preview Article

Download Paper




Cite This Article

"Financial supporting mode for Small Businesses to coup with COVID-19 lockdown restriction", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 10, page no. pp496-506, October-2020, Available at : http://www.jetir.org/papers/JETIR2010058.pdf




Preview This Article


Downlaod

Click here for Article Preview