Influence Of Youth Enterprise Development Fund On The Growth Of Enterprises; A Case Of Youth Enterprises In Butula Constituency, Busia County
Abstract
bulge. The Ministry of Youth Affairs and Sports came up with the Youth Employment
Marshal Plan which highlights various initiatives geared towards creating employment
opportunities for the Kenyan youth. The Youth Enterprise Development Fund is a key
component of this marshal plan. It was established 2007 with the overall purpose of creating
employment for the youth of Kenya through enterprise development and was designed to
address the challenges of youth run enterprises. Its importance is confirmed by its
transformation into a state corporation in the year 2007 and government continued allocation
of resources. So far the fund has disbursed over Kshs. 2.8 billion to over 87,000 youth run
enterprises and trained over 150,000 young entrepreneurs. The study sought to establish and
recommend the kind of relationship that should exist between the Youth Enterprise
Development Fund and the Youth Enterprises. This is in view of the fact that various
interventions have been employed by the government to curb unemployment among the
youth but the situation has remained fairly the same. The research was conducted through
descriptive research survey. A total of 150 youth enterprises selected from a target population
of 250 youth enterprises that are on the list of beneficiaries at the Youth Enterprise
Development Fund for the period spanning 2007-2012 were interviewed and questionnaires
administered to them as data collection instruments. The data was then analyzed using
percentage distribution techniques and presented in tables and a conclusion drawn from the
findings. The findings indicate that the startup loan has enabled the youth, establish
enterprises, increase their income and create employment. Entrepreneurship training has
enabled the youth operate and manage their enterprises better thus increasing their profits.
The researcher recommended that for better results the startup loans should be increased and
be made easily accessible by the youth. Entrepreneurship training should be provided
continuously to enable the youth operate and manage their enterprises.
Citation
Master Of Arts In Project Planning And Management, University of Nairobi, 2014Publisher
University of Nairobi
Collections
- Faculty of Education (FEd) [5964]