IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v5y2021i6p704-710.html

Influence of Credit Access and Growth of Youth Owned Enterprises in Homa-Bay Town Constituency, Homa-Bay County

Author

Listed:
  • Akuma Joan Moraa

    (Enterpreneur, The Cake Forest Enterprises Ltd. (Off Homa-Bay-Mbita Junction Kodoyo), P. O. Box 587-40300, Homa-Bay, Kenya)

  • Moses Otieno Kola

    (Dean, School of Planning & Architecture(P.O. Box 3275-40100, Kisumu, Kenya))

Abstract

Specifically tailored to enhance youth development with focus on self-employment through entrepreneurship, the youth enterprise development fund programmes activities that enhance knowledge, skills and attitudes to entrepreneurship in Kenya. In Homa-Bay Town Constituency, little has been however known about the extent to which this initiative has contributed to performance of youth owned enterprises. Purpose of the study was to assess influence of credit access and growth of youth owned enterprises in Homa-Bay Town Constituency. The study was guided by three research objectives; investigate influence of credit access by youth on the performance of youth owned enterprises, examine effect of entrepreneurial skills and business skills development on the growth of youth owned enterprises, establish the role of the fund in marketing and growth of youth owned enterprises in Homa-Bay Town Constituency conducted a bay and town on the south shore of Winam Gulf of Lake Victoria in Western Kenya. The constituency in Homa-Bay County, performs below the national average of 0.56 on most socio-economic indicators; 0.46 on the Human Development Index (HDI), a composite measure of development that combines indicators of life expectancy, educational attainment and income. A descriptive research design that adopted both qualitative and quantitative approaches was used. The study targeted youth entrepreneurs and financial intermediaries. Total population of registered youth entrepreneurs in Homa-Bay Town Constituency was not known. Hence snowball sampling was used whereby initial subjects with desired characteristics were identified using purposeful sampling technique. Identified subjects named others that they knew who had similar characteristics until the researcher got the required number of cases required. A sample frame was drawn from youth entrepreneurs who operated registered businesses and were beneficiaries of formal and enterprise financing. Self administered semi-structured questionnaires and Key Informant Interviews Guides were used to collect quantitative data and qualitative data respectively. Study instruments were pre-tested and appropriate changes made before commencement of data collection, a pilot study was similarly be done. Reliability and validity of data collection tools was ensured. Chi square test was used to analyze quantitative data. Qualitative data was organized into patterns and themes and triangulated with quantitative data. Findings revealed that the fund was accessible but youth faced regulatory challenges which affected their enterprises. Youth entrepreneurship trainings were mostly done by banks and non-governmental organizations, youth enterprise development fund did the least number of trainings. Marketing limitations were experienced by small-medium enterprises. Study findings recommended conducive business environments, adequate government regulation and intensification youth entrepreneurship.

Suggested Citation

  • Akuma Joan Moraa & Moses Otieno Kola, 2021. "Influence of Credit Access and Growth of Youth Owned Enterprises in Homa-Bay Town Constituency, Homa-Bay County," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 5(6), pages 704-710, June.
    • Handle: RePEc:bcp:journl:v:5:y:2021:i:6:p:704-710
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-5-issue-6/704-710.pdf
    Download Restriction: no
    File URL: https://www.rsisinternational.org/virtual-library/papers/influence-of-credit-access-and-growth-of-youth-owned-enterprises-in-homa-bay-town-constituency-homa-bay-county/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jamali, Dima & Karam, Charlotte & Yin, Juelin & Soundararajan, Vivek, 2017. "CSR logics in developing countries: Translation, adaptation and stalled development," Journal of World Business, Elsevier, vol. 52(3), pages 343-359.
    2. Prisca I. Isiwu & Ifeanyi Onwuka, 2017. "Psychological Factors that Influences Entrepreneurial Intention Among Women in Nigeria: A Study Based in South East Nigeria," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 26(2), pages 176-195, September.
    3. Peter J. Klenow & Huiyu Li, 2020. "Innovative Growth Accounting," NBER Chapters, in: NBER Macroeconomics Annual 2020, volume 35, pages 245-295, National Bureau of Economic Research, Inc.
    4. Fox,Louise & Kaul,Upaasna, 2018. "The evidence is in : how should youth employment programs in low-income countries be designed ?," Policy Research Working Paper Series 8500, The World Bank.
    5. Terrence Kairiza & Philemon Kiprono & Vengesai Magadzire, 2017. "Gender differences in financial inclusion amongst entrepreneurs in Zimbabwe," Small Business Economics, Springer, vol. 48(1), pages 259-272, January.
    6. Cuong Nguyen, 2017. "Entrepreneurial intention of international business students in Viet Nam: a survey of the country joining the Trans-Pacific Partnership," Journal of Innovation and Entrepreneurship, Springer, vol. 6(1), pages 1-13, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mesfin Mulu Ayalew & Shumet Amare Zeleke, 2018. "Modeling the impact of entrepreneurial attitude on self-employment intention among engineering students in Ethiopia," Journal of Innovation and Entrepreneurship, Springer, vol. 7(1), pages 1-27, December.
    2. David Damiyano & Stephen Mago, 2023. "An Analysis of the Impact of Financial Inclusion on Poverty and Development: Case of SACU Countries," International Journal of Economics and Financial Issues, Econjournals, vol. 13(6), pages 141-147, November.
    3. Simplice Asongu & Nicholas Odhiambo, 2020. "Thresholds of income inequality that mitigate the role of gender inclusive education in promoting gender economic inclusion in sub-Saharan Africa," Social Responsibility Journal, Emerald Group Publishing Limited, vol. 17(1), pages 106-126, January.
    4. Mkandawire, Dingase & Gbegbelegbe, Sika Dofonsou & Yami, Mastewal & Nsenga, Justus & Kenamu, Edwin & Manyong, Victor & Abdoulaye, Tahirou & Alene, Arega & Bamba, Zoumana, 2021. "Analysing Urban and Peri-Urban Youth Employment in Agribusiness in Malawi: A Mixed Methods Approach," 2021 Conference, August 17-31, 2021, Virtual 315214, International Association of Agricultural Economists.
    5. Cantarella, Michele & Fraccaroli, Nicolò & Volpe, Roberto, 2024. "Does language prevent policy take-up? Evidence from the Italian Start-up Act," Research Policy, Elsevier, vol. 53(6).
    6. Caroline PERRIN & Laurent WEILL, 2021. "No Men, No Cry? How Gender Equality in Access to Credit Enhances Financial Stability," Working Papers of LaRGE Research Center 2021-02, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    7. Qiuyang Tu & Zhao Duan & Hong Zhou, 2024. "Performance gap and the timing of corporate social responsibility disclosure‐A trust repair perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 4878-4892, September.
    8. Bogdan Marculescu & Laura Brancu & Grațiela Georgiana Noja & Simona Mirela Cristea & Marius Ioan Pantea, 2025. "Entrepreneurial Intentions in the Context of the COVID-19 Pandemic: The Role of Psychological and Demographic Factors," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 16(6), pages 18612-18647, December.
    9. Simplice A. Asongu & Nicholas M. Odhiambo, 2019. "Inequality and the Economic Participation of Women in Sub-Saharan Africa: An Empirical Investigation," Working Papers of the African Governance and Development Institute. 19/027, African Governance and Development Institute..
    10. Greeni Maheshwari & Khanh Linh Kha & Anantha Raj A. Arokiasamy, 2023. "Factors affecting students’ entrepreneurial intentions: a systematic review (2005–2022) for future directions in theory and practice," Management Review Quarterly, Springer, vol. 73(4), pages 1903-1970, December.
    11. Sanjeev S. Ingalagi & Nishad Nawaz & Habeeb Ur Rahiman & A. Hariharasudan & Vanishree Hundekar, 2021. "Unveiling the Crucial Factors of Women Entrepreneurship in the 21st Century," Social Sciences, MDPI, vol. 10(5), pages 1-12, April.
    12. Maribel Guerrero & Francisco Liñán & F. Rafael Cáceres-Carrasco, 2021. "The influence of ecosystems on the entrepreneurship process: a comparison across developed and developing economies," Small Business Economics, Springer, vol. 57(4), pages 1733-1759, December.
    13. Simplice A. Asongu & Nicholas M. Odhiambo, 2021. "The role of inclusive education in governance for inclusive economic participation: gender evidence from sub-Saharan Africa," Working Papers of the African Governance and Development Institute. 21/097, African Governance and Development Institute..
    14. Noemí Pérez-Macías & José-Luis Fernández-Fernández & Antonio Rua Vieites, 2022. "Analyzing the past to prepare for the future: a review of literature on factors with influence on entrepreneurial intentions," Journal of International Entrepreneurship, Springer, vol. 20(1), pages 52-114, March.
    15. Kara, Alper & Zhou, Haoyong & Zhou, Yifan, 2021. "Achieving the United Nations' sustainable development goals through financial inclusion: A systematic literature review of access to finance across the globe," International Review of Financial Analysis, Elsevier, vol. 77(C).
    16. Lucie Kvasničková Stanislavská & Ladislav Pilař & Klára Margarisová & Roman Kvasnička, 2020. "Corporate Social Responsibility and Social Media: Comparison between Developing and Developed Countries," Sustainability, MDPI, vol. 12(13), pages 1-19, June.
    17. Simplice A. Asongu & Nicholas M. Odhiambo, 2020. "How enhancing gender inclusion affects inequality: Thresholds of complementary policies for sustainable development," Sustainable Development, John Wiley & Sons, Ltd., vol. 28(1), pages 132-142, January.
    18. Lars Ivar Oppedal Berge & Armando José Garcia Pires, 2020. "Gender, formality, and entrepreneurial success," Small Business Economics, Springer, vol. 55(4), pages 881-900, December.
    19. Nadia Albu & Alina Carmen Almasan & Andreea Dinu & Madalina Dumitru & Gabriel Jinga, 2025. "Stakeholder Influence in Shaping the Role of Accountants in Sustainability Reporting in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 27(70), pages 750-750, August.
    20. Alicia Girón & Amirreza Kazemikhasragh & Antonella Francesca Cicchiello & Eva Panetti, 2022. "Financial Inclusion Measurement in the Least Developed Countries in Asia and Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 13(2), pages 1198-1211, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:5:y:2021:i:6:p:704-710. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.