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Determinants of Access to Credit by Women Owned SMEs in Migori Town, Kenya

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dc.contributor.author Kweyu, Joyce N.M.
dc.date.accessioned 2018-01-12T13:39:09Z
dc.date.available 2018-01-12T13:39:09Z
dc.date.issued 2017
dc.identifier.uri http://erepo.usiu.ac.ke/11732/3511
dc.description A Project Report Submitted to the Chandaria School of Business in Partial Fulfilment of the Requirement for the Degree of Masters in Business Administration (MBA) en_US
dc.description.abstract Small and medium-sized Enterprises (SMEs) have a crucial role in an economy and are key source of economic growth. This is because of their dynamism and flexibility and can adapt quickly to changing market demand and supply situations. SMEs also generate employment, help diversifying economic activity and make significant contribution to export trade. SMEs in market economies are the engine of growth and development. SMEs contribute to sustainable growth and employment generation in a significant manner due to their private ownership, entrepreneurial spirit, flexibility and adaptability as their potential to react to challenges and changing environments in a competitive market frame-work. Women occupy pivotal positions in SMEs. Financial Institutions, to establish a foothold in the SME space, need to increasing access to finance for women-owned or women operated businesses as this is a sound strategy for them. Therefore, supporting women entrepreneurship by means of training and granting financial support is a key step to take towards guaranteeing the contribution of women to national economic development. Though women constitute 52% of the total Kenyan population, majority of them in the SME sector have been excluded from the formal financial services – for example, few have bank accounts, can access loans and money transfer service. The rural women are more disadvantaged than their urban counterparts as such they are constrained to venture in income generating activities by social cultural factors, credit product features as well as SME firm’s characteristics. The general objective of this study was to establish the determinants of access to credit by women owned SMES in Migori town. The specific objectives in this study were; i) To find out the influence of product features on credit access by women owned SMEs in Migori town; ii) To establish the influence of socio cultural factors on credit access by women owned SMEs in Migori town and finally iii) To determine the influence of firm characteristics on credit access by women owned SMEs in Migori town. The study employed a descriptive research design to establish the factors influencing credit access by women owned enterprises in Migori town. This study used a questionnaire as the research instrument to collect primary data from the target population comprising of 1281 registered businesses owned by women. A pilot test was conducted to confirm the research instrument appropriateness for the study. Reliability tests were also conducted using ten questionnaires to determine the ability of the questionnaire to measure repeatability, stability or internal consistency. For content and construct validity to establish the factors influencing credit access by women owned enterprises in Migori town, expert judgment was sought from the supervising lecturer to ensure the questionnaire is appropriate for the study. The primary data collected will be analyzed using SPSS version 21 and results will further be presented using pie charts and tables. The study results have provided useful information and insight to financial institutions, policy makers (including national and county governments) and SME community on how to improving financial support for women can increase the number of new businesses, which in turn, would boost economic activity, enable the expansion of old businesses, leading to increased productivity and growth. Women constitute a formidable demographic force and their ability to play this role effectively and contribute to the economic growth of their communities depends on how far the society supports their development. Empowering women is the current crucial challenge, which calls for constant review of policies, re-assessment of priorities, commitment of adequate financial resources, and effective implementation of programmes. en_US
dc.language.iso en en_US
dc.publisher United States International University - Africa en_US
dc.subject Determinants of Access en_US
dc.subject Credit by Women en_US
dc.subject SMEs en_US
dc.subject Migori Town, Kenya en_US
dc.title Determinants of Access to Credit by Women Owned SMEs in Migori Town, Kenya en_US
dc.type Thesis en_US


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