Analysis of youth enterprise development fund repayment rates and disparities of repayment between Nyanza and Central provinces in Kenya

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dc.contributor.authorMburung’a, S.M.
dc.date.accessioned2014-11-07T07:49:52Z
dc.date.available2014-11-07T07:49:52Z
dc.date.issued2014-09
dc.description.abstractAs in most countries, unemployment rates in Kenya are highest among young people. Not only does it mean that they are economically unable to fend for themselves, it also leads to other risk factors such as depression, hopelessness and low self esteem. In response, the Kenyan Government initiated the Youth Enterprise Development Fund (YEDF). The objective of the fund was to provide loans for the youth to start income generating activities. However, according to the Youth Enterprise Fund Status Report (2011) out of Ksh 442,872,291.90 disbursed to the youth in as at November, 2011, the repayment was only. Ksh. 149,751,560.40 translating to 33.8 percent repayment rate. His study therefore, sought to investigate whether there is any relationship between repayment rates and number of groups, and the amount given. The limitation of the study was that, this study relied only on secondary data provided by Youth Enterprise Fund management and other secondary data. The methodology of the study was reviewed of related literature and quantitative data analyzed using correlation and sampling theory was used to test the hypotheses. From the findings of the study, it was concluded that, there is no significant relationship between the amount of money lent to the youths per constituency and the repayment rates of the loans. The correlation coefficient of 0.350569 at 95% level of significant depicted a positive but moderately weak relationship between the two hence insignificant. However, an increase in amount of money lent to youths seems to lead to higher repayment rates. In addition, there was no significant relationship between the number of youths accessing the YES loans in the constituencies and the repayment rates. A correlation coefficient of 0.30205 showed a positive but moderately weak relationship between number of youths and repayment rates. Lastly there was no statistical significant difference between Nyanza Province and Central Province repayment ratesen_US
dc.identifier.citationInternational Journal of Arts and Commerceen_US
dc.identifier.issn1929-7106
dc.identifier.urihttp://www.ijac.org.uk/images/frontImages/gallery/Vol._3_No._7/12.pdf
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/11620
dc.language.isoenen_US
dc.publisherijac.orgen_US
dc.subjectYouth Enterprise Development Funden_US
dc.subjectRepayment ratesen_US
dc.subjectAmount of Loan and Regional Disparities in Kenyaen_US
dc.titleAnalysis of youth enterprise development fund repayment rates and disparities of repayment between Nyanza and Central provinces in Kenyaen_US
dc.typeArticleen_US
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