Authors : Samuel Koroma; Joseph Davies; Mohamed Sallu Turay

Volume/Issue : Volume 11 - 2026, Issue 3 - March

Google Scholar : https://tinyurl.com/57972r9k

DOI : https://doi.org/10.38124/ijisrt/26mar1645

Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.

Abstract : In recent years, the role of commercial banks in fostering entrepreneurship has gained significant attention, particularly in developing economies where access to financial services is limited. This study examines the importance of banking concepts in supporting entrepreneurial activities, with a specific focus on the impact of commercial banks on entrepreneurship in Sierra Leone. Using a case study approach, the research explores how financial inclusion, access to credit, and banking services influence the growth and sustainability of small and medium enterprises (SMEs) in the country. The findings reveal that commercial banks play a crucial role in enabling entrepreneurs to access the necessary financial resources, thereby enhancing business viability and economic development. However, challenges such as limited financial literacy, inadequate infrastructure, and regulatory barriers remain significant obstacles to effective banking support for entrepreneurship. This study contributes to the growing body of literature on the intersection of banking and entrepreneurship, highlighting the need for policy interventions that enhance financial inclusion and support entrepreneurial ecosystems in Sierra Leone and similar developing contexts. The results underscore the importance of strengthening the relationship between commercial banks and entrepreneurs to promote sustainable economic growth and poverty reduction.

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