DOI: 10.11648/j.ijafrm.20251002.13 ISSN: 2578-9376

Financial Technology and Credit Management of Small and Medium Enterprises in Enugu State

Kenneth Omeke
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The study examined the influence of financial technology on credit management among small and medium enterprises (SMEs) in Enugu State. Other specific objectives of the study were to; assess the influence of financial technology on loan accessibility among small and medium enterprises in Enugu State; and examine the influence of financial technology on debt management among small and medium enterprises in Enugu State. The study adopted a descriptive survey design. 10 SMEs operating in Enugu metropolis were purposively sampled for the study, while 65 SME managers were conveniently sampled for the study with the use of structured questionnaire. Z-test statistical tool was used for data analysis. The study found out that financial technology has a significant influence on loan accessibility among small and medium enterprises in Enugu State, <i>Z (95,n = 65), </i>3.312 < 5.416<i>=p. < 0.05</i>]; and financial technology has a significant influence on debt management among small and medium enterprises in Enugu State, <i>Z (95,n = 65), </i>3.774 < 6.185<i>=p. < 0.05</i>]. The study then recommended; financial Literacy and Training Programs of SMEs owners on the usage of financial technology services and mobile applications; and strengthening of regulatory frameworks for FinTech.

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