Factors influencing promotion of micro and small enterprises owned by youth in Thika town, Kenya
Ngugi, Silvesters Wachira
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Kenya has a population of approximately 34 million with those aged 35 years and below making up over 75% of the population. In 2003 and 2005, when the national unemployment stood at 40%, the youth accounted for about 78% and 67% of the national unemployment in the two years respectively. This encompasses all youth including recent college and university graduates. Taking into account that these numbers include recent university and college graduates, the resulting waste of resources is enormous. It therefore makes economic sense to have more youth engage in entrepreneurship to combat unemployment and reduce the resource wastage. For a country that has traditionally raised college graduates to expect wage employment, this requires a concerted effort cutting across all facets of the society This study sought to examine the factors influencing promotion of MSEs owned by Youth in Thika town, Thika district. Specifically the study examined how access to capital, availability of appropriate technology, government policy, availability of market and basic infrastructure influence growth of Youth owned enterprises. The study is considered important to various stakeholders including the government and other agencies formed with an aim promoting the informal sector in Kenya. Other researchers will also use the study to identify the information gap that need to be filled. The target population was 1357 Micro and Small Enterprises owned Youth in Thika town. A sample size of 135 respondents which is 10% of the target population was selected. Stratified sampling technique was used to categorize the town in to 3 distinct areas namely; Central business area, Industrial area and Residential area. Simple random sampling was used to select the actual respondents. Primary data was collected using self-administered questionnaire methods. Secondary data was obtained' from sources such as loan records from district Youth office, Municipal council of Thika and selected financial intermediaries as well as brochures from other lenders. The collected data was summarized using descriptive statistical techniques. The results were presented using tables and figures.