| dc.description.abstract | This study was designed to investigate the influence of access to financial resources on
successful implementation of women-run income generating projects in Roysambu
Constituency. The main objectives of the study were to determine the influence of cost of
credit on successful implementation of women-run income generating projects, to
establish the influence of availability of financing options on successful implementation
of women-run income generating projects, to determine the influence of sources of
finance on women-run income generating projects and to examine the influence of level
of financial literacy on income generating projects in Roysambu Constituency. This study
adopted a descriptive survey design as a major method of research. The target population
was 632 women entrepreneurs. A sample of 245 women entrepreneurs was then selected
using Yamane formular. Data collected through administering of questionnaires was
analyzed by the use of descriptive statistics constituting frequencies, percentages and
correlation of variables. The study findings were then presented in frequency tables.
Access to financial resources was found to have a positive influence on successful
implementation of income generating projects Lower interest rates were found to have a
positive impact on businesses in that higher income levels were realized and enterprises
realized better assets Sources of finance like savings, borrowing from friends and family
and asset finance did not make 50% of the required capital but these sources contributed
greatly in sustaining businesses. Financing options like leasing and hire-purchase in
acquiring equipment for business operations were found not to be very common and most
entrepreneurs struggled to make cash payments This study recommended that financial
institutions should collaborate with women entrepreneurs for training on lending rules
and regulations as well as financial products available in the market. The Central Bank
should review its policies so that financial institutions can lend at lower interest rates.
This study also gave suggestions for further research. | en_US |
