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An Assessment of the Motivation Component of Entrepreneurship Policy in the Youth, Women, and Uwezo Funds in Kenya

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  • Margaret Waruguru
  • Henry Bwisa
  • John Kihoro

Abstract

Entrepreneurship has been recognized as a prime catalyst for job creation, and there is evidence of a strong upward trend line between entrepreneurship and employment growth. In Kenya, this led to the establishment of funds aimed at financing small enterprises with a major aim of creating employment. Among these funds are Youth Enterprise Development Fund, Women Enterprise Fund, and Uwezo Fund. However research shows that these funds have not lived to fulfill the purpose for which they were created as the unemployment levels still remain high in Kenya. The question that begs for an answer is whether these funds are founded on an entrepreneurial policy. The objective of this study was to assess the motivation component of entrepreneurship policy foundations in the funds. The study adopted an exploratory case study research design. Out of the eight items on motivation component under consideration, the funds scored 16.675% which is below average. The study concluded that the policy objectives and measures of the funds have not taken into consideration the motivation component of the entrepreneurship policy foundations. As a result, they are highly unlikely to foster a culture of entrepreneurship in the country.

Suggested Citation

  • Margaret Waruguru & Henry Bwisa & John Kihoro, 2017. "An Assessment of the Motivation Component of Entrepreneurship Policy in the Youth, Women, and Uwezo Funds in Kenya," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 7(1), pages 264-282, January.
    • Handle: RePEc:hur:ijarbs:v:7:y:2017:i:1:p:264-282
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