FACTORS AFFECTING ACCESS TO FINANCE FROM THE UWEZO ENTERPRISE FUND: A CASE STUDY OF YOUTH AND WOMEN ENTREPRENEURS OF EMBAKASI CENTRAL CONSTITUENCY, NAIROBI, KENYA
Abstract
The study intended to find out the factors that affect access to business finance from Uwezo Fund. The study looked at whether training, experience, socio-cultural factors and entrepreneurial spirit of motivation had any effect on accessing finance from Uwezo fund. The study adopted a case study design, which involves collection and analyzing data so as to enable meet the research objectives. The population of the study was drawn from potential users of the Uwezo fund, comprising of the Youth and women of age who owned and ran a business in Embakasi Constituency. Purposive sampling methods was employed. Primary data was collected using a structured questionnaire. Descriptive statistics was used to analyze information generated from respondents which was presented by use of percentages, frequency distributions, tables, charts, the researcher categorized the variables. The study found that business training, business experience, socio-cultural factors and entrepreneurial spirit affected the borrowing of Uwezo fund by youth and women in Embakasi constituency. The study concluded that there existed a positive relationship between borrowing of Uwezo fund and entrepreneurial spirit, and socio-cultural factors. However, a negative relationship existed between borrowing of Uwezo fund and business training and experience. The study recommended that government organize training programs, workshops and seminars which would equip the women and youth with skills and information that would enable them to borrow. A study on the challenges facing youth in borrowing from the government of Kenya was recommended.
Keywords: Uwezo Fund, training, culture, Entrepreneurial spirit, Entrepreneur
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DOI: http://dx.doi.org/10.61426/sjbcm.v4i3.504
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