YOUTH ENTERPRISE FUND AND GROWTH OF REGISTERED YOUTH OWNED ENTERPRISES IN NAIROBI COUNTY

CHIRCHIR JUSTUS KIBET

Abstract


This study focused on establishing the effect of youth enterprise fund on growth of registered youth owned enterprises in Nairobi County. Specific objectives were; to assess the effect of entrepreneurship training on growth of registered youth owned enterprises in Nairobi County, to determine the effects of accessibility of youth enterprise fund on growth of registered youth owned enterprises in Nairobi County, to examine the effects of sufficiency of youth enterprise fund on growth of registered youth owned enterprises in Nairobi County and to assess the effect of repayment of youth enterprise fund on growth of registered youth owned enterprises in Nairobi County. The researcher used descriptive research design. The target population for this study was 1319 youth owned Enterprises in Nairobi, Kenya. The researcher used simple random sampling to select the sample. The sample size for the study was a total of 307 respondents. The study used questionnaires as the research tool. The study used both quantitative and qualitative methods of data analysis. Qualitative data analysis involved coding and systematically putting into themes the open-ended questions which was analyzed through content analysis. Quantitative data was analyzed using descriptive and inferential statistical techniques. Descriptive statistics was used to present the main characteristics of the sample. Correlation analysis was used to investigate relationships between youth enterprise fund and growth of registered youth enterprises. The study used SPSS version 23 software to carry out regression analysis. Multiple regressions were done to establish the effect of Youth Enterprise Fund on growth of youth owned enterprises in Nairobi County. Data was presented using tables, and pie charts to make them reader friendly. The study found strong positive relationship between Entrepreneurship training, Accessibility of YEF, Sufficiency of YEF and Growth of Youth Owned Enterprises. The study also found that Entrepreneurship training, Accessibility of YEF, Sufficiency of YEF, and Repayment of YEF significantly influenced Growth of Youth Owned Enterprises. The study further revealed that entrepreneurship training, accessibility of YEF, sufficiency of YEF significantly and positively relate with Growth of Youth Owned Enterprises. Also repayment of YEF significantly and negatively relate with Growth of Youth Owned Enterprises. The study recommends that before the funds are disbursed to the youths either individuals or groups, they should first receive training on training on entrepreneurship. Bodies in charge of Youth Enterprise development Funds should revise their policies and ensure that the funds can be easily accessed by either individuals or groups. YEDF management should adopt new technologies that will ease and fasten the process of fund application, processing and disbursement. The government of Kenya should allocate more funds for youth development projects this will increase fund accessibility and therefore boost growth of enterprises.


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