THE INFLUENCE OF STRATEGIES ADOPTED BY WOMEN ENTREPRENEURS TO ACCESS CREDIT IN KENYA: A SURVEY OF WOMEN ENTREPRENEURS IN KASARANI
Journal Title: European Journal of Business and Social Sciences - Year 2013, Vol 2, Issue 6
Abstract
This study investigated the influence of strategies adopted by women entrepreneurs to access credit. This research filled in the knowledge gap on the influence of strategies adopted by women entrepreneurs to access credit. The main purpose of this study was to find out the influence of strategies adopted by women entrepreneurs to access credit facilities. The specific objectives were to investigate: how business proposal strategy affects credit accessibility; how group formation strategy influences the access to credit and how opening strategy affects accessibility to credit facilities by women entrepreneurs. The target population was 600 business units owned by women entrepreneurs in Kasarani. A systematic random sampling design was used. Data was collected through structured questionnaires which were personally administered by the researcher. The study found out that group formation enhanced social collateral and hence enabled women who did not have physical collateral access loans. Many respondents who knew how to write business proposal accessed credit while those who accessed credit had to have bank accounts. The study recommended that business proposal writing should be made a core subject in schools to access credit; Commercial banks should accept group membership in lieu of physical collateral and the process of opening bank accounts should be simplified to enable more women entreprenuers open bank account to access credit.
Authors and Affiliations
Nancy W. Njoroge | School of Human Resource Development Jomo Kenyatta University of Agriculture & Technology Correspondence Email: nnjorogew@gmail.com, Willy Muturi| School of Human Resource Development Jomo Kenyatta University of Agriculture & Technology Correspondence Email: nnjorogew@gmail.com
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- EP ID EP10292
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