Factors Hindering Growth of Women Owned Micro and Small Enterprises: A case of Micro Finance Borrowers in Makadara, Nairobi
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Date
2019
Authors
Kiyai, George
Namusonge, Mary
Jagongo, Ambrose
Journal Title
Journal ISSN
Volume Title
Publisher
International Academic Journals
Abstract
The Small and Medium Enterprises (SMEs)
sector has an important role to play in
Kenya’s drive towards industrialization as
well as its quest for poverty eradication. To
the extent that this is true, SMEs need to
grow. The limited access of SMEs to credit
and financial services is often presented as
one of the most important supply constraints
confronting the SME sector and research
findings indicate that financial problems are
one of the main reasons why relatively few
SMEs graduate into larger enterprises. This
paper sought to analyse constraints faced by
women entrepreneurs after loan that
impeded growth of their enterprises. The
study findings showed that a majority of the
sampled enterprises have not expanded
despite getting MFI loans. Major policy
interventions recommended relate to an
evaluation of the credit methodologies of
MFIs in line with the business needs of the
entrepreneurs. The paper offers some
background on Micro and Small Enterprises
(MSEs) growth, conceptual framework,
empirical review of literature on MSEs
growth.
Description
Research Article
Keywords
Microenterprise, Microfinance, MSEs, Small enterprise, women-run enterprises
Citation
Kiyai, G., Namusonge, M. & Jagongo, A. (2019). Factors hindering growth of women owned micro and small enterprises: A case of micro finance borrowers in Makadara, Nairobi. International Academic Journal of Economics and Finance, 3(3), 187-203