Factors Hindering Access to Finance by Women Entrepreneurs -a Case Study of Kitui Town
Abstract
This study was set to investigate factors hindering women entrepreneur access to finance in
Kitui town,Kitui County. The study was guided by the following objectives: To find out the
extent to which lack of collateral limits the accessibility of finance by women entrepreneurs,
to determine some of the gender discriminatory factors which limit the accessibility of
finance by women entrepreneurs and find out the extent to which lack of information limits
the accessibility of finance by women entrepreneurs.
The specialist utilized graphic research plan, with the expect to accomplish the goal of the
investigation. The exploration configuration is characterized as procedures of gathering
information to answer examine questions. The specialist focused on four hundred (400)
business women in Kitui town, Kitui County. Information obtained from Kitui trade office
and the Kitui town council licensing department on trade register indicated that there are four
hundred women owned businesses registered by the council to operate in the town. The
investigation set up that most (77.1%) of the respondents unequivocally concurred that
absence of insurance has huge impacts to access of back by ladies business people. This
assigns the significance of security in obtaining credit offices from formal budgetary
organizations. Consequently, since most ladies don't possess the unmistakable resources
which go about as security, they end up plainly hindered. They are compelled to search for
different options accessible wellsprings of a back like acquiring from loved ones. The
examination uncovered that 57.1% concurred that absence of insurance limits credit openness
of ladies business visionaries at an exceptionally extraordinary degree. This could be because
of the way that insurance goes about as security for credit and is utilized by most cash
loaning organizations to maintain a strategic distance from awful obligations and Most of the
respondents (48.6%) showed that they would get their fund from carousels; this is on the
grounds that these casual parts don't require any guarantee as security for advances
Publisher
University of Nairobi
Rights
Attribution-NonCommercial-NoDerivs 3.0 United StatesUsage Rights
http://creativecommons.org/licenses/by-nc-nd/3.0/us/Collections
- Faculty of Education (FEd) [5964]
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