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MSEs Female Entrepreneurs and Credit Acquisition from Micro-finance Institutions in Githunguri Sub-county of Kiambu County in Kenya

Abstract


Women entrepreneurship could be an effective strategy of eradicating poverty in a country, since women forms the majority of the country’s population.  However, it is discovered that women entrepreneurs, mostly in developing countries are faced with myriad challenges in their entrepreneurial activities such as lack of adequate credit acquisition from micro financial institutions, poverty, and societal discrimination among others. This study sought to investigate the constraints of credit acquisition by MSEs female entrepreneurs in Githunguri Sub-county of Kiambu County. The general objective of this study was to investigate the constraints of credit acquisition by MSEs female entrepreneurs from Micro Financial institutions in githunguri Sub-County of Kiambu County. The specific objectives were to establish the relationship between collateral security, level of education and cultural norms and social aspects, and acquisition of credit by MSEs female entrepreneurs in Githunguri Sub-County. The study adopted descriptive survey approach to collect data. The target population was 600 enterprises owned by women entrepreneurs in Githunguri Sub-County. A sample of 10% was drawn from each stratum to get a sample size of 60 respondents. Primary data was collected using questionnaires which were self-administered through drop and pick method to sampled women owner’s respondents. The data was then analyzed using descriptive statistics. The study revealed that lack of collateral, inadequate level of education and cultural norms and social aspects, hinders women entrepreneurs from accessing credit facilities from Micro- financial institutions. The study concluded that, lack of collaterals required, inadequate level of education and cultural norms and social aspects had a strong and negative impact towards finance accessibility by women entrepreneurs in Githunguri Sub-County.


Keywords

Microfinance, women entrepreneurs’ credit acquisition, MSEs

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