FACTORS AFFECTING GROWTH OF WOMEN OWNED MICRO AND SMALL AGRIBUSINESS ENTERPRISES IN BOMET COUNTY, KENYA
Abstract
This study sought to assess and establish the factors affecting the growth of women owned agribusiness small and micro enterprises in Kenya, a case of Bomet County with relevant focus on rural economic development. The notion behind the study was to analyse factors affecting growth of women owned agribusiness MSEs growth which were access to finance, entrepreneurship training, access to market business information and socio-cultural factors. The study employed descriptive research design through the survey. The focus population in this study were 193 women owned agribusiness small and micro enterprises in Bomet County who were selected using stratified random sampling technique from the county from target population of 388. The primary data collected from the survey using the questionnaires was analyzed in three steps namely data editing whereby the researcher selected the most relevant and reliable information from the rest. Data analysis involved the use of qualitative and quantitative techniques in derivation of explanations and inferences from the findings through logical descriptions, and quantitative analysis through descriptive statistics and use of chi-square to test hypothesis at 5% confidence level. A good response rate of 85.49 was experienced and all the variables reliability test was effective. From the findings the study found that, access to finance, social cultural factors, entrepreneurship training and market business innovation have positive influence on growth of women owned micro and small agri-business enterprises in Bomet County. Conclusions on the factors influencing the growth of women owned agribusiness micro and small enterprises in Kenya. The study found to be 0.791 implying that 79.1% of the variations in growth of women owned agribusiness MSEs were explained by changes in access to finance, market business information, social cultural factors and entrepreneurship training.
Key words: Access to Finance, Entrepreneurship Training, Access Market, Socio-Cultural Factors, MSEs
CITATION: Tinega, W. M., & Nyang’au, S. P. (2018). Factors affecting growth of women owned micro and small agribusiness enterprises in Bomet County, Kenya. The Strategic Journal of Business & Change Management, 5(4), 2032-2047.
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DOI: http://dx.doi.org/10.61426/sjbcm.v5i4.1005
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