Factors Affecting Accessibility of Funding For Women In Micro and Small Enterprises in Nairobi

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dc.contributor.author Mugambi, Nelly Kendi
dc.date.accessioned 2020-10-30T09:35:35Z
dc.date.available 2020-10-30T09:35:35Z
dc.date.issued 2013
dc.identifier.uri http://erepo.usiu.ac.ke/11732/6186
dc.description A Project Report Submitted to the School of Business in Partial Fulfillment of the Requirement for the Degree of Masters of Business Administration (MBA) en_US
dc.description.abstract The main purpose of the study was to find out the factors affecting accessi bi l ity of funding for women in Micro and Small Enterprises in Nairobi. The study intended to answer the following research questions: What are some of the ways in which literacy level affect accessi bil ity of funds among women run n ing MSEs in Nairobi? How does econom ic status affect accessi bi l ity of fund ing for women i n MSEs i n Nairobi? What are the social cu l tu ral factors affecti ng accessibi l ity of funds among women run n ing MSEs in Nairobi? The study targeted women in m icro and smal l enterprises i n Nai robi. Stratified random proced ure was used to select a representative sampl e of 60 women in M icro and Small enterprises i n Na irobi who were to partici pate in the study. The 3 MF!s cred it officers that took part in the study were randomly sampled. The instruments used in data col lection incl uded question naire and interview sched u le. The study used both primary and secondary data. Secondary sources were from books, jou rnals, or encycloped ias. Question nai res were used to collect data from women ru nning MSEs; the interview schedu les were used with the M F!s cred it officers. Data was analyzed by use of descriptive statistics such as frequencies, measures of central tendencies (mean, med ium or mode) and measures of d ispersion (standard deviation, range or variance) was used to analyze and present the general information section of the quest ionnaire. The major find ings support the fact that women entrepreneu rs with low l iteracy l evel are u nable to exploit avai labl e financial alternatives as th is makes it hard for them to deal with financial i nstitutions when preparing and presenti ng a loan application. Poor econom ic status resu lts to poor access to market information tech nology, poor linkages with support services and an u nfavorable policy and regu l atory environment. Poor econom ic cond i t ions affect enterprises ran by women, makin g them u nviable for fund ing from MFis; Adverse econom ic cond itions drain resources from women owned MSEs making it hard to fund them to obtain more fund ing; National econom ic pol icies tend to scathe businesses owned by women. Women have less access to property d ue to property laws and trad itiona l custom s wh ich deny women control over prope1ty needed to secure loans. Women are often den ied propetiy, either because of property laws or trad itional customs; they are u nable to meet these collateral req uirements. I n add ition, women are overloaded with business and fam ily responsi bilities and may not have the time to join beneficial associations that would enable them explore more business opportu nities. Literacy level is paramou nt among women in MSEs as it determ ines their level of accessing fund ing information, u nderstand ing the loan application processes, and accounting for funds. The study recommends that the govern ment should involve NGOs especially in traini ng women on financial management. Rampant graft, poverty, and deteriorating econom ic cond itions are the mai n elements of economic status affecti ng accessibi l ity of funds among women ru nning MSEs in Nairobi The government shou ld legislate and develop pol icies that encou rage women to access fund ing i n the Mses Sector. This can be done by developing country-specific diagnostics and strategies to include a gender d imension in financial inclusion programs, expanding financial infrastructu re such as cred it bureaus and collateral registries that can increase access and red uce the cost of borrowing. Margi nal izati on of women i n terms of property ownersh i p, constricti ng domestic demands, and gender stereotyping are the core cu ltural factors affecting accessibi l ity of funds among women running MSEs i n Nairobi. Strategies that can be employed to deal with these factors affect are developing programs that promote and increase joi nt property registration to benefit women borrowers, regu lations can be changed to address inheritance issues and deregu lation of the financial sector that i n hibi ts the expansi on of branch networks and competition. The find ings obta ined from this study wil l be of benefit to a num ber of stakeholders. Among the chief beneficiaries of the study include: Women investors; academ ic institutions offering business courses; Banks and m icro- financial institutions; the govern ment. The study will also add to the current knowledgebase. en_US
dc.language.iso en en_US
dc.publisher United States International University- Africa en_US
dc.subject Micro and Small Enterprises in Nairobi en_US
dc.subject Accessibility of Funding For Women en_US
dc.subject Women en_US
dc.subject Small Enterprises en_US
dc.title Factors Affecting Accessibility of Funding For Women In Micro and Small Enterprises in Nairobi en_US
dc.type Thesis en_US

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