IDEAS home Printed from https://ideas.repec.org/a/jfr/ijba11/v4y2013i3p73-85.html
   My bibliography  Save this article

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

Author

Listed:
  • Fridah Muriungi Mwobobia

Abstract

The study aimed to establish the role of banks in empowering women entrepreneurs in Small and Micro Enterprises (SMEs) in Umoja market in Nairobi, Kenya- A case of Cooperative Bank of Kenya. The questions explored were i) What role has Cooperative Bank of Kenya (Westlands Branch) played in empowering SMEs owned by women entrepreneurs in Umoja market in Nairobi, Kenya ii) How many small scale women entrepreneurs in Umoja market has Cooperative bank (Westlands Branch) assisted so far iii) In which industry do these small scale women entrepreneurs mainly operate iv) What challenges has Cooperative bank faced in pursuing such endeavours v)What can be recommended to Cooperative bank and other lending institutions in the future. Random sampling approach was applied and 100 women entrepreneurs were picked. Questionnaires and interview methods were used as the main data collecting instruments. Findings revealed that Cooperative bank has helped finance many small scale women entrepreneurs in Umoja market, SMEs in Umoja are mainly sole proprietorships operating businesses such as: salons, food outlets, transport, clothing shops among others, the challenges faced by the bank are mainly: nonpayment, diversion of funds, poor financial management among others.Among the recommendations put forward are: extension of loan repayment period, giving of loans in terms of assets, educating customers on the importance of loan repayment, training women entrepreneurs in areas of finance, budgeting and general management aspects and further research in this field.

Suggested Citation

  • Fridah Muriungi Mwobobia, 2013. "The Role of Banks in Empowering Women Entrepreneurs in Small and Micro Enterprises (SMEs) in Kenya: A Case of Cooperative Bank of Kenya," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 4(3), pages 73-85, May.
    • Handle: RePEc:jfr:ijba11:v:4:y:2013:i:3:p:73-85
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/ijba/article/view/2802/1644
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/ijba/article/view/2802
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Fridah Muriungi Mwobobia, 2012. "Role of Business Management into the Success and Survival of Small Businesses: The Case of Star Learning Centre in Botswana," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 3(1), pages 93-112, January.
    2. Mercy Gacheri Munjuri, 2011. "A Survey of the Criteria Used by Commercial Banks in Kenya to Determine Employees to Retrench," International Journal of Business Administration, International Journal of Business Administration, Sciedu Press, vol. 2(2), pages 57-81, May.
    3. Zoltan J. Acs, 1992. "Small Business Economics: A Global Perspective," Challenge, Taylor & Francis Journals, vol. 35(6), pages 38-44, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kim, Jungsuk & Castillejos-Petalcorin, Cynthia & Jinjarak, Yothin & Park, Donghyun & Quising, Pilipinas & Tian, Shu, 2022. "Entrepreneurship and Economic Growth: A Cross-Sectional Analysis Perspective," ADB Economics Working Paper Series 672, Asian Development Bank.
    2. Mulligan, Robert F., 2004. "Fractal analysis of highly volatile markets: an application to technology equities," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(1), pages 155-179, February.
    3. Klapper, Leora & Sarria-Allende, Virginia & Sulla, Victor, 2002. "Small and medium size enterprise financing in Eastern Europe," Policy Research Working Paper Series 2933, The World Bank.
    4. Lorraine Uhlaner & Roy Thurik, 2010. "Postmaterialism Influencing Total Entrepreneurial Activity Across Nations," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 301-328, Springer.
    5. Grilo, I. & Thurik, A.R., 2004. "Determinants Of Entrepreneurship In Europe," ERIM Report Series Research in Management ERS-2004-106-ORG, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    6. Roy Thurik & Lorraine Uhlaner, 2004. "Post-Materialism: A Cultural Factor influencing Total Entrepreneurial Activity across Nations," Scales Research Reports N200321, EIM Business and Policy Research.
    7. Kimathi Augustino Flora, 2015. "The Challenges Confronting Small Scale Businesses in accessing Microfinance Services from MFIs Case Study: Rural Tanzania," 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. 5(11), pages 299-311, November.
    8. Jose Ignacio Gimenez-Nadal & Miguel Lafuente & Jose Alberto Molina & Jorge Velilla, 2019. "Resampling and bootstrap algorithms to assess the relevance of variables: applications to cross section entrepreneurship data," Empirical Economics, Springer, vol. 56(1), pages 233-267, January.
    9. Liarte Blasco, Cristian, 2020. "Determinantes del emprendimiento en Cataluña: un análisis con datos GEM [Determinants of entrepreneurship in Cataluña: an analysis with GEM data]," MPRA Paper 99389, University Library of Munich, Germany.
    10. Marina Morales & Jorge Velilla, 2021. "The effect of cultural environment on entrepreneurial decisions," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 48(9), pages 1309-1330, June.
    11. Chih-Hai Yang & Ku-Hsieh Chen, 2009. "Are small firms less efficient?," Small Business Economics, Springer, vol. 32(4), pages 375-395, April.
    12. José A. Belso Martínez, 2005. "Equilibrium entrepreneurship rate, economic development and growth. Evidence from Spanish regions," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 17(2), pages 145-161, March.
    13. Gutiérrez, Antonio, 2023. "La brecha de género en el emprendimiento y la cultura emprendedora: Evidencia con Google Trends [Entrepreneurship gender gap and entrepreneurial culture: Evidence from Google Trends]," MPRA Paper 115876, University Library of Munich, Germany.
    14. Velilla, Jorge & Molina, José Alberto & Ortega, Raquel, 2020. "Entrepreneurship among Low-, Mid- and High-Income Workers in South America: A Fuzzy-Set Analysis," IZA Discussion Papers 13209, Institute of Labor Economics (IZA).
    15. David Audretsch & Matthias Bank & Martin Carree & Marcus Dejardin & Julie Elston & Harmut Fest & Andre Jungmittag & Georg Licht & Gerald Mcdermott & Margaret Polski & Scott Shane & Paul Welfens & Juer, 2002. "The New Economy in Germany and the United States: Policy Challenges and Solutions," Working Papers halshs-00721657, HAL.
    16. Nijkamp, Peter & van Hemert, Patricia, 2007. "Going for Growth; a Theoretical and Policy Framework," Papers DYNREG14, Economic and Social Research Institute (ESRI).
    17. Gimenez-Nadal, José Ignacio & Lafuente, Miguel & Molina, José Alberto & Velilla, Jorge, 2016. "Resampling and Bootstrap to Assess the Relevance of Variables: A New Algorithmic Approach with Applications to Entrepreneurship Data," IZA Discussion Papers 9938, Institute of Labor Economics (IZA).
    18. Troilo, Michael, 2011. "Legal institutions and high-growth aspiration entrepreneurship," Economic Systems, Elsevier, vol. 35(2), pages 158-175, June.
    19. Mulalo Mamburu, 2017. "Defining high-growth firms in South Africa," WIDER Working Paper Series wp-2017-107, World Institute for Development Economic Research (UNU-WIDER).
    20. Uhlaner, L.M. & Thurik, A.R. & Hutjes, J., 2002. "Post-Materialism as a Cultural Factor Influencing Entrepreneurial Activity across Nations," ERIM Report Series Research in Management ERS-2002-62-STR, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:ijba11:v:4:y:2013:i:3:p:73-85. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jenny Zhang (email available below). General contact details of provider: http://ijba.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.