The Role of Banks in Empowering Women Entrepreneurs in Small and Micro Enterprises (SMEs) in Kenya: A Case of Cooperative Bank of Kenya

Mwobobia, Fridah Muriungi

doi:10.5430/ijba.v4n3p73

Cited by 4 publications

(1 citation statement)

References 6 publications

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“…(SMEs) (Ekpe, Mat, & Razak, 2010). Similar sentiments were shared by Mwobobia, (2013) who states that women entrepreneurs in Kenya are the key to economic development because they are generating employment and contributing to the household's income. He also notes that the women led enterprises could contribute more than they are already doing today if key barriers are addressed.…”

Section: Introductionsupporting

confidence: 55%

An Assessment of the Contribution of Women Entrepreneurs Towards Economic Development in Wajir Township

Mulei¹,

Gakobo²

2021

jbmed

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Women in the pastoralist societies have always been considered as major pillars of both social and economic sustenance of their communities. Their role in the society is mainly as caregivers as opposed to being income earners. However, with increased women empowerment, more women are taking up income generating activities with a great number being involved in entrepreneurship activities. This study examined the contribution of women entrepreneurs towards economic development in Wajir township. The specific objectives included to assess how two important attributes of entrepreneurs contribute to economic development, thus establish the contribution of competitiveness of women entrepreneurs to economic development as well as the contribution of innovativeness of the women entrepreneurs to economic development and finally identify the characteristics of women entrepreneurs in Wajir township. This research was conducted among the eight hundred and forty-eight (848) women entrepreneurs operating within the township registered by the Department of Gender and special programs in the county. A total of one hundred (100) women were selected as a sample for the study. Data collection was done using closed ended questionnaires as the main tool whereas focused group discussions and key informant interviews were employed to triangulate the data. To measure reliability of the instrument, the questionnaire was tested and retested with a sample of respondents and the results measured against the Cronbach’s Alpha correlation coefficient test. To test the validity of the instrument, a pilot test was carried out. Analysis of data was done using SPSS and presented using tables and figures. The study revealed that there is an evident relationship between women enterepreneurial behaviour and consequent contribution to economic development in Wajir township. It was observed that the knack of an entrepreneur to be more innovative contributes more to job creation and better productivity in Wajir township compared to their competitive ability. On the other hand, a competitive women entrepreneur is more likely to contribute to personal wealth creation compared to an innovative one. This means that necessary support that promotes innovation and competitiveness amongst women entrepreneurs in Wajir township should be encouraged. The conclusion from this study is thus, women run enterprises in Wajir township contribute to the overall socio-economic development of the county.

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Section: Introductionsupporting

confidence: 55%

An Assessment of the Contribution of Women Entrepreneurs Towards Economic Development in Wajir Township

Mulei¹,

Gakobo²

2021

jbmed

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Investigating the role of banks in promoting women‐owned micro and small businesses: Empirical evidence from an emerging economy

Khan,

Jilhajj

2024

Bus Strat Dev

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Women entrepreneurs of Bangladesh face strict terms and conditions, high interest rate, and collateral requirements while requesting access to bank finance. This paper investigates the role of banks in promoting micro and small businesses owned by women in Bangladesh in terms of access to bank finance and collateral requirement. Bangladeshi women entrepreneurs were chosen as there are surge in women entrepreneurs in the nation. The study used a close‐ended questionnaire to collect data based on stratified sampling and data health was ensured using the Harman's single factor indicating no presence of common method bias. The sample consists of 60 respondents of pilot study and 150 respondents surveyed by trained enumerators resulting a final sample size of 210. The data were collected based on primary sources from the entire Bangladesh represented by the eight divisions of the country namely Dhaka, Barishal, Chittagong, Khulna, Mymensingh, Rajshahi, Rangpur, and Sylhet. The data were analyzed based on the binary logistic regression model using the IBM SPSS Statistics. Empirical results indicate that women entrepreneurs can be granted bank finance only by the private commercial banks without pledging collateralized assets according to the rules of the central bank of Bangladesh provided they offer personal guarantee, social security and group guarantee and if they default on the loans, security will be used for loan repayment, and they will be deprived of further loan facilities. The findings of the study will help add value to the current literatures and the outcomes will be helpful to the concerned parties.

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Women Entrepreneurs in Kenya

Chebii,

Ogada

2022

Contributions to Management Science

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The Role of Banks in Empowering Women Entrepreneurs in Small and Micro Enterprises (SMEs) in Kenya: A Case of Cooperative Bank of Kenya

Cited by 4 publications

References 6 publications

An Assessment of the Contribution of Women Entrepreneurs Towards Economic Development in Wajir Township

An Assessment of the Contribution of Women Entrepreneurs Towards Economic Development in Wajir Township

Investigating the role of banks in promoting women‐owned micro and small businesses: Empirical evidence from an emerging economy

Women Entrepreneurs in Kenya

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