Role of women enterprise fund loans, capacity building and networking on the performance of women-owned enterprises in Thika Town, Kenya.
Mukura, Doris Nkio
MetadataShow full item record
The government of Kenya, having appreciated the contribution of women owned Small and Micro Enterprises towards achieving the country's development goals have put up initiatives that include the Women Enterprise and Development Fund to finance and support women owned SMEs among other interventions. However, despite these interventions, performance of women owned enterprises have been deteriorating with seventy eight percent of all failed businesses being those owned or operated by women. Additionally women owned enterprises continue to record poor performance compared to male owned enterprises. This study analyzed the role of WEDF loans, capacity building and networking on the performance of women owned enterprises in Thika town. The objectives of the study were to: determine the role of WEDF loans on the performance of women 'owned enterprises; establish the role of capacity building on the performance of women owned enterprises; and establish the role of networking on the performance of women owned enterprises. Stratified random sampling technique was used to identify a sample of 281women owned enterprises and a questionnaire was used to collect data. Descriptive research design was adopted for this study and Pearson's Product Moment correlation test was carried out to determine the degree and type of relationship between the Loans, Capacity building and networking on the Performance of women owned enterprises in Thika town. The study findings indicate that loans acquired from WEFD do help improve enterprise performance through, enough stock of products for the demand of customers, improve products portfolio, increase retained earnings and satisfactory profit to maintain women enterprises. It was also found out that WEFD Capacity building and networking played a very important role since training impacted on new skills and knowledge which were useful for customer service, appropriate business management strategies and also improved the perception of aspiring women to expand/start-up new businesses. Networking provided an opportunity for women to access more capital for enterprise performance and also share a better understanding for business environment. Based on the findings of the study, it is recommended that women should appreciate and access the WEDF loans and attend trainings to improve their business management skills. Women should also be encouraged to participate in social groups which also give them an opportunity to access more capital for enterprise performance.