dc.contributor.author | Ngoe, Olive A | |
dc.date.accessioned | 2013-02-25T11:34:15Z | |
dc.date.issued | 2012 | |
dc.identifier.uri | http://erepository.uonbi.ac.ke:8080/xmlui/handle/123456789/11166 | |
dc.description.abstract | This research project dealt with factors influencing financial sustainability of youth enterprises
funded under the Youth Enterprise development fund in Mombasa County. A report from the
Ministry of Youth Affairs revealed that repayment rates of beneficiary enterprises from the Coast
province were very low. Of concern was the fact that 3 out of the 4 constituencies of Mombasa
County were in the bottom half of the province and 2 were in the last 50 in national rankings in
terms of debt recovery. The purpose of this study was to examine the factors that influenced the
ability of these enterprises that receive funding from the YEDF to meet the financial obligations
of their operations and service their loans as and when required. Literature surveyed revealed
four prominent factors in relation to financial sustainability, namely; leadership profile, financial
planning, financial and administration procedures, and internal methods of financing. The
researcher dwelt on these factors in carrying out the study. The study was conducted through a
descriptive survey. Random sampling and purposive selection was used to pick the groups
sampled and 5 YEDF officers as key informants. Data was collected using questionnaires and
interviews. Questionnaires were analyzed and presented using tables and in form of percentages,
means and standard deviation. Findings from the interviews were analyzed for content and
presented in narrative form according to the thematic areas in relation to the variables. The study
revealed that most enterprise groups consisted of male members with a majority having attained
high school education. The leaders and members in most groups had no prior experience in
business. Though most groups appreciated the importance of financial plans, few businesses had
documented their plans and were therefore likely to change them frequently. Additionally most
groups appreciated the importance of having administration and financial procedures and
controls and checked their records on a weekly or monthly basis. However the study also
revealed that most groups only drew up an income and expenditure account and few drew up
balance sheets and cash flow statements implying a lack of knowledge or understanding in key
financial concepts. The study showed that personal contribution from group members was the
most popular form of internal financing. However it was noted that savings from income of the
group scored lowly, implying that in most cases reinvestment into the business was not a priority
for the group members and this could greatly affect the financial operations of the business. The
null hypotheses were accepted for the hypotheses tests conducted on the variables under study
implying that further research is needed to identify other factors that influence financial
sustainability of these enterprises. It was therefore the recommendation of the researcher that the
groups be given more training to enable them understand key financial concepts and
strengthening monitoring and evaluation of these groups by the YEDF officers. The researcher
has also suggested that a similar study could be carried out in other counties as well as studies on
other factors that could affect the financial sustainability of these groups. | en |
dc.description.sponsorship | University of Nairobi | en |
dc.language.iso | en | en |
dc.publisher | University of Nairobi | en |
dc.subject | Financial sustainability | en |
dc.subject | Youth enterprise development fund | en |
dc.title | Factors influencing financial sustainability of enterprises funded under the youth enterprise development fund program in Mombasa county | en |
dc.type | Thesis | en |
local.publisher | Department of Education Management | en |