Factors Influencing Repayment Of Constituency Youth Enterprise Scheme Loans(C-YES): A Case Of Kitui Central Constituency In Kitui County, Kenya
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Date
2013Author
Matheka, Augustine N
Type
ThesisLanguage
enMetadata
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Despite the continued increase in financial support to youth led enterprises by the
government through youth enterprise development fund, there is still a persistent failure and
ultimate collapse of Youth Projects in Kenya. Current reports for Kitui central constituency
states that repayment of C-yes loans stands at 45% which is the lowest compared to other
constituencies in the county. This poses a serious risk of extinction yet it was meant to be a
revolving fund to help create jobs and help youths run their own projects responsibly and
sustainably. This research study therefore seeks to establish the causes of the high rates of
default in the repayment of C-yes funded loans among youth groups in Kitui central
constituency, Kitui County, Kenya. Relevant literature was reviewed while focusing on the
background of the youth fund. The specific objectives was to establish the influence of
enterprise growth on repayment of YEDF loans among C-yes funded youth groups in Kitui
central constituency, to assess the influence of youth focused self employment promoting
policy on repayment of YEDF loans among the C-yes funded youth groups in Kitui central
constituency, to establish the influence of group leadership on repayment of YEDF loans
among C-yes funded youth groups in Kitui central constituency and to evaluate the
influence of the level of education on repayment of YEDF loans among the C-yes funded
youth groups in Kitui central constituency. Kitui central constituency formed the
geographical scope of the study where target population was the officials of the youth groups
who benefited from the C-yes loans. This study was conducted using a descriptive survey
design on a sample of 30 youth groups out of the 99 groups who benefited from the C-yes
loans in the previous three years in the constituency. In data collection, structured
questionnaire was developed and utilized in the study. Data collected was analyzed using
both descriptive and inferential statistics. This research study is hoped to inform government
policy especially regarding youth enterprise development fund on how to enhance and instill
proper controls and discipline to ensure accurate and total repayment of C-yes loans for
sustainability of the fund.The study revealed that the factors influencing the repayment of Cyes
loans among Youth groups includes lack of enterprise growth, lack of Youth focused self
employment promoting policy, poor group leadership and low education levels among youth
group members.Inview of the research findings the researcher recommended that the
government should establish more commercial linkages for youth enterprises so that they are
able to realize more profits and further a policy should be put in place to award a portion of
government tenders towards youth owned enterprises. The government should form
partnerships with other key stakeholders involved in youth development progammes so that
they can enhance youth owned enterprises through skills training like entrepreneurship, group
dynamics, mentorship and business incubation . The researcher further recommended the
need for the repayment periods for the loans to be increased to enable the youth groups to
accumulate enough funds for repayment. A public private partnership approach to boost
youth owned enterprises should be put in place to come up with strategies like building of
sheds to retail and market both products and services. Besides the youths should embrace
modern marketing and selling techniques which involve use of information technology for
example e-marketing. This will enable them market their products and services competitively
locally and globally.
Citation
Matheka, Augustine Nthiwa. 2013. Factors Influencing Repayment Of Constituency Youth Enterprise Scheme Loans(C-YES): A Case Of Kitui Central Constituency In Kitui County, Kenya. A Research Report submitted in partial fulfillment of the requirement for the award of Degree of Masters of Arts in project planning and management of the University of Nairobi.Publisher
University of Nairobi, Department of Education Administration & Planning
Collections
- Faculty of Education (FEd) [5964]