The Effect of Provision of Credit Facilities on Performance of Women Enterprises in Moiben Sub-County.

Abstract

Global statistics indicate that women are involved in various entrepreneurial activities. However, few of them have thrived. This is because many women lack access to the required initial capital to establish and /or expand the enterprises. Research has established the impact of Economic empowerment on a woman’s self-esteem, respect as well as other forms of empowerment. It enhances poverty reduction, according the women beneficiaries the opportunity to earn an independent income, and create employment. The goal of the study was to look the Effect of Provision of Credit Facilities on Performance of Women Enterprises in Moiben Sub-County.The research made use of descriptive research design. This study targeted 472 funded women groups in Moiben Sub-County, with a population of 5,223 group members. The sample size was 371 using (Yamane (1967) formula, Simple random sampling was used; data collection was by use of structured questionnaire. Data collected was quantitative in nature and analyzed using descriptive statistics such as mean, standard deviation, and inferential statistics. From the findings of this study, examined the effect of Women Enterprise Fund programs as credit facilities, capacity building and market linkages on performance of women enterprises in Moiben, Sub-County Uasin-Gishu County, Kenya; the study concludes that Women Enterprise Fund programs are key in promoting performance of women enterprises in Moiben, Sub-County Uasin-Gishu County, Kenya. This is evidenced by the fact that these variables jointly and independently affect performance of women enterprises as per the study findings. This implies that women enterprise fund should strengthen provision of credit facilities, capacity development and market linkages to potentiate their outcome in terms of performance of women enterprises. The researcher recommended that the Women Enterprise Fund can enhance its support for women-owned enterprises, empower women entrepreneurs, and contribute to their improved performance by implementing these recommendations: The women enterprise fund should simplify the application process for accessing credit facilities. The women enterprise fund should keep administration fees reasonable and affordable for women entrepreneurs, especially for those running small or micro-enterprises. Consider waiving or reducing fees for certain categories of borrowers, such as first-time borrowers or those from economically disadvantaged backgrounds. Develop customized credit products tailored to the specific needs and characteristics of women owned enterprises.