Effectiveness of the youth enterprise development fund in job creation a case study of Westland's constituency
Youth Enterprise Development Fund (YEDF) is one of the ingenious innovations of the National Rainbow Coalition (NARC) Government of Kenya. It was instigated to ensure that a specific portion of the Government annual ordinary revenue is devoted to the constituencies for the purpose of development and in particular in the fight against unemployment. This study was carried out to analyze the influence of YEDF towards job creation targeting Westland's constituency in Nairobi. The main objective of this study was to establish whether youth enterprise development fund had made significant contribution towards job creation. This was done by measuring independent variables ofYEDF (Training, Capital, type of enterprise and size and market infrastructures) against dependent variable of job creation. The data was collected from 26 youth groups and 8 youth fund disbursement committee members. The sample size calculator was used to come up with a sample size of 172 youth members using 95% confidence interval. Questionnaires and key informant interview guide were the data collection tools used and the data was analyzed using measures of central tendencies, correlations and regression analysis. The study found that YEDF has contributed to job creation based on its support for enterprise development. YEDF, for instance, is a source of business capital to entrepreneurial youths, provides training on business development and management and organizes trade fairs for the beneficiaries. This provides fundamental source of self employment for the youths and fosters business sustenance and growth which positively correlates with job creation. The study recommends that follow ups should be made on loans, separation of politics with loan allocation, increase of loan amount with relations to group size and capital requirements, relevant business/ entrepreneurial training for the youths and more trade fairs to be organized for the beneficiaries.