{"id":5154,"date":"2025-06-19T23:30:37","date_gmt":"2025-06-19T23:30:37","guid":{"rendered":"https:\/\/ijssass.com\/journal\/nexus-of-loan-re-payment-plans-interest-on-loans-and-the-sustainability-of-small-and-medium-enterprises-in-south-africa\/"},"modified":"2025-06-20T03:19:09","modified_gmt":"2025-06-20T03:19:09","slug":"nexus-of-loan-re-payment-plans-interest-on-loans-and-the-sustainability-of-small-and-medium-enterprises-in-south-africa","status":"publish","type":"post","link":"https:\/\/ijssass.com\/journal\/nexus-of-loan-re-payment-plans-interest-on-loans-and-the-sustainability-of-small-and-medium-enterprises-in-south-africa\/","title":{"rendered":"Nexus of Loan Re-payment Plans, Interest on Loans and the Sustainability of Small and Medium Enterprises in South Africa"},"content":{"rendered":"

This article was originally published as: Nexus of Loan Re-payment Plans, Interest on Loans and the Sustainability of Small and Medium Enterprises in South Africa<\/strong><\/p>\n

Original Article Link: Read Original Article<\/a><\/p>\n

Download PDF: Click Here to Download PDF<\/a><\/p>\n

Abstract<\/h2>\n

This paper examined the influences of interest on loans and loan re-payment plans on the sustainability of small and medium enterprises (SMEs) in South Africa. A quantitative research design that adheres to the positivist paradigm was utilized for this study’s methodology. The study targeted 103 SMEs operating in KwaZulu-Natal, South Africa using purposive sampling. A total of 103 surveys were administered, representing a participation rate of 100 percent. The analysis demonstrated a positive relationship between interest on loans and the SMEs\u2019 sustainability and positive relationship between Loan re-payment plans and SMEs\u2019 sustainability. The study recommended that financial institutions should examine loan re-payment plans for SMEs as necessary in order to minimize loan defaults by SMEs, and financial institutions should cut loan interest rates and the costs associated with loan approvals, which may be accomplished via automation and the utilization of online applications. Furthermore, the study suggested that financial institutions should design a flexible loan re-payment plan for SMEs that considers the nation’s economic realities.<\/p>\n

Authors<\/h2>\n
    \n
  • Thabiso Msomi (Durban University of Technology, South Africa)<\/li>\n
  • Odunayo Magret Olarewaju (Coventry University, United Kingdom)<\/li>\n<\/ul>\n

    Keywords<\/h2>\n

    interest rates, loan payments, sustainability, small business<\/p>\n

    References<\/h2>\n

    References not available for this article.<\/p>\n","protected":false},"excerpt":{"rendered":"

    This article was originally published as: Nexus of Loan Re-payment Plans, Interest on Loans and the Sustainability of Small and…<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[124],"tags":[2153,1932,1933,1934,1346],"class_list":["post-5154","post","type-post","status-publish","format-standard","hentry","category-articles","tag-ajims","tag-interest-rates","tag-loan-payments","tag-small-business","tag-sustainability","wpcat-124-id"],"yoast_head":"\nNexus of Loan Re-payment Plans, Interest on Loans and the Sustainability of Small and Medium Enterprises in South Africa - IJSSASS Repository<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ijssass.com\/journal\/nexus-of-loan-re-payment-plans-interest-on-loans-and-the-sustainability-of-small-and-medium-enterprises-in-south-africa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nexus of Loan Re-payment Plans, Interest on Loans and the Sustainability of Small and Medium Enterprises in South Africa - 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