The Role of Uwezo Fund on the Economic Growth of Small and Medium Enterprises in Kiambu Couty, Kenya
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Date
2020
Authors
Macharia, Eunice Wamuyu
Njoroge, Jane Gakenia
Journal Title
Journal ISSN
Volume Title
Publisher
JRISS
Abstract
Empirical Literature review indicates that financial
challenge is the greatest obstacle that most small and medium
enterprises (SMEs) face. Most of them opt to get subsidized
governmental loans e.g Uwezo Fund, Youth enterprises fund and
Women enterprises fund to finance their businesses. The
researcher attempted to establish the role of Uwezo Fund on the
SMEs growth. The significance of SMEs is largely recognized.
Finance accessibility and other support services including
training helps SMEs to grow. Uwezo Fund was started by the
Kenyan government to help in eradication of extreme poverty
and hunger and promote business start-ups especially by women,
youth and people living with disabilities at constituency level.
The researcher utilized Descriptive survey research design. 201
SMEs groups that had benefited from the Uwezo Fund in Juja
constituency were the target population of which a sample of 61
respondents was selected which is thirty percent of the whole
population. To collect data the researcher distributed
Questionnaires to the respondents. Descriptive data analysis
assisted by Statistical Package of Social Sciences (SPSS) was
utilized in analysis. Bar graphs, tables and pie charts are forms
in which data was presented. Percentages and frequencies were
also used in presentation. The study outcome determined the role
played by Uwezo fund towards SMEs’ economic growth in terms
of creation of jobs and sales and profit generation. The theories
that were used in the study to explain why SMEs chose Uwezo
fund rather than other forms of financing are Trade off theory
and Pecking order theory.
Description
Article
Keywords
Roles, Uwezo Fund, Small and medium enterprises.
Citation
Macharia, E. W., & Njoroge, J. G. The Role of Uwezo Fund on the Economic Growth of Small and Medium Enterprises in Kiambu Couty, Kenya.