Youth Enterprise Development Fund Loans and Growth of Youth Owned Enterprises in Mumias West Sub County, Kakamega County, Kenya

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dc.contributor.advisorJeremiah Koorien_US
dc.contributor.authorAdoli, Emmanuel
dc.date.accessioned2023-08-14T09:53:26Z
dc.date.available2023-08-14T09:53:26Z
dc.date.issued2023
dc.descriptionA Research Project Submitted to the School of Business, Economics and Tourism in Partial Fulfilment of the Requirement for the Award of Degree in Master of Business Administration (Finance) of Kenyatta University, June 2023.en_US
dc.description.abstractMumias West Sub County has been recording the lowest revenue growth among youth enterprises in the sub counties of Kakamega County since 2017. Slow growth of youth enterprises led to the formation of The Youth Enterprise Development Fund (YEDF), to enable growth of enterprises owned by youth. This study, sought to determine the extent to which YEDF loans have affected youth enterprises in Mumias West Sub county. The general objective of this study was to establish the effect of the YEDF loans and growth of youth owned enterprises in Mumias West sub county, Kenya. Specifically, the study focused on the effect of provision of bid bond financing, Local Service Order/Local Purchase Order (LSO/LPO) financing, Business expansion loans and agribusiness loans provided by the YEDF; and the growth of youth owned enterprises in Mumias West Sub County. The target population were the 612 youth enterprises in Mumias West Sub County. The sample size were 242 youth enterprises obtained using simple random sampling through the Yamane formula. The study relied on the imperfect information theory and the pecking order theory. Primary data was collected using questionnaires. Secondary data was obtained by analysing government records, public records and business journals. Qualitative and quantitative data analysis was accomplished by inferential and descriptive statistics. SPSS was used to analyze the data. Ethical considerations were factored in the study. The researcher conducted an Analysis of Variance (ANOVA). Data analyzed was presented using tables and figures. From the analysis of findings, the coefficient of determination as measured by the adjusted R-square showed that the predictor variables explain sixty nine point six percent of the total variation in the growth of youth owned enterprises in Mumias West Sub County. The study concluded that bid bond financing, LPO/LSO financing, business expansion loans and agribusiness loans have a significant effect on the growth of youth owned enterprises in Mumias West Sub County. Access to credit is a major obstacle to young entrepreneurs who lack collateral. YEDF lending has an influence on the performance of Youth-run Businesses. The study recommended that the Youth Enterprise Fund management should come up with structures to ensure training that incorporates technical, as well as entrepreneurial skills. To augment this study, it is recommended that other studies be conducted to establish more factors that affect the growth of small and medium enterprises in other counties.en_US
dc.description.sponsorshipKenyatta Universityen_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26828
dc.language.isoenen_US
dc.publisherKenyatta Universityen_US
dc.subjectYouth Enterprise Development Fund Loansen_US
dc.subjectGrowth of Youth Owned Enterprisesen_US
dc.subjectMumias West Sub Countyen_US
dc.subjectKakamega Countyen_US
dc.subjectKenyaen_US
dc.titleYouth Enterprise Development Fund Loans and Growth of Youth Owned Enterprises in Mumias West Sub County, Kakamega County, Kenyaen_US
dc.typeThesisen_US
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