Impact of the Consulting Fair on the Financial Literacy of Microentrepreneurs in Lubango-Angola: An Analysis of University Extension

International Journal of Humanities and Social Science

© 2025 by SSRG - IJHSS Journal

Volume 12 Issue 5

Year of Publication : 2025

Authors : Amílcar Sawindo Sanjimbi, Justino Lekwa Somandjinga, Altino Isaias Silvano

10.14445/23942703/IJHSS-V12I5P102

How to Cite?

Amílcar Sawindo Sanjimbi, Justino Lekwa Somandjinga, Altino Isaias Silvano, "Impact of the Consulting Fair on the Financial Literacy of Microentrepreneurs in Lubango-Angola: An Analysis of University Extension," SSRG International Journal of Humanities and Social Science, vol. 12,  no. 5, pp. 10-17, 2025. Crossref, https://doi.org/10.14445/23942703/IJHSS-V12I5P102

Abstract:

This article addresses the gap by analyzing the impact of a university extension action – the Consulting Fair of the Faculty of Economics-Mandume Ya Ndemofayo University (FEMNU) – on the financial literacy of microentrepreneurs in Lubango. In detail, this research aimed to analyse the effects of participation in the economic-financial consulting fair, knowledge perception (financial literacy), and the intention of microentrepreneurs to adopt new management practices in Lubango. Specifically, to diagnose the main financial management challenges faced by the microentrepreneurs; to assess the perceived change in knowledge levels on topics such as cost control, pricing, and cash flow, following the consultation; to measure the participants' intention to apply the management tools and strategies discussed during consultation; and to identify areas of consultation, perceived as most valuable by the entrepreneurs. The investigation adopted an empirical framework, structured as a single-case study, to gather post-intervention data from a cohort of 50 micro-entrepreneurs via a purpose-built survey instrument. The study´s primary outcome establishes a powerful explanatory model, demonstrating that a combination of perceived financial literacy and the participants' appraisal of the intervention accounts for 80.3% of the variance in their stated intention to modify business practices.

Keywords:

Financial Literacy, Microentrepreneurs, University Extension, Angola, Financial Management.

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