Impact of microfinance institutions on economic empowerment of women entrepreneurs in developing countries
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Date
2015-09
Journal Title
Journal ISSN
Volume Title
Publisher
Inovatus Services Ltd.
Abstract
This study mirrored out the effects of Microfinance on economic empowerment of Women Entrepreneurs in
developing economies. Descriptive research design was used to assess the extent to which Women economic
empowerment co-relates with Microfinance Institutions services. The target population was women entrepreneurs in
Micro Finance Institutions (MFIs) within Kakamega C.B.D. Simple random probability sampling was applied to select
ten (10) MFIs where four (4) active women entrepreneurs from each MFI was taken, adding to forty (40) respondents.
Both primary and secondary data was collected through questionnaires and semi-structured interviews. Data collected
was presented by descriptive statistics like pie charts and graphs. From the analysis, the results showed that
microfinance services act as a key fulcrum to women entrepreneurs' economic empowerment. The results were reaffirmed by a linear regression analysis (SPSS version 22). The findings will be used to make policy proposals that will
see MFIs meet the economic empowerment needs of women Entrepreneurs to make developing countries progress as
Kenya prepares to achieve vision 2030.
Description
Keywords
Economic empowerment, Entrepreneurship, Developing economies and entrepreneurship, Kenya