Savings Mobilization for Growth of Women-Owned Entrepreneurial Ventures in Kenya (An Empirical Review of the Constraining Factors)
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Date
2012-08
Authors
Jagongo, A. O.
Journal Title
Journal ISSN
Volume Title
Publisher
Centre for Promoting Ideas
Abstract
This study examined internal factors t
hat affect savings mobilization for growth of women
-
owned MSEs. Many
women
-
owned MSEs have received financial and other assistance from various donors to start their business, but
their inability to reduce reliance on external sources to grow had remaine
d unexplained. The study hypothesized
that the main constraints to savings mobilization for growth of women owned MSEs arose from internal and the
characteristics of the woman entrepreneurs. The target population were 3,030 women entrepreneurs who had
rece
ived assistance from the WEDCO project in Kisumu and Kakamega districts in Kenya. Multistage sampling
procedure was used to select 300 individual women participants. Questionnaires, interviews and observations
were used to collect primary data. Data was an
alyzed through correlation analysis, chi
-
square tests, ANOVA, and
means. The major findings of the study were that the number of dependants; education level; cultural and
religious attachments; endowed management skills; age and marital status had a signif
icant relationship with the
savings propensity amongst the women entrepreneurs
Description
Keywords
Entrepreneurial ventures, Entrepreneurship competencies, Constraints, Entrepreneurship development, Women - Entrepreneurial - behavior, Savings mobilization, Women entrepreneurs, SMEs
Citation
nternational Journal of Business and Social Science Vol. 3 No. 15; Augu st 2012