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