The impacts of financial and family support in motivating women entrepreneurs to become successful: The case of Ilala municipality
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Date
2014
Authors
Journal Title
Journal ISSN
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Publisher
Mzumbe University
Abstract
This study assessed the impact of financial and family support in motivating women entrepreneurs’ success in Dar Es Salaam region taking the case of Ilala Municipality. The objective was to assess whether the level of financial and family support has an influence to women entrepreneurs in sales growth, profit and employment growth. The study was expected to establish the practical relationship between financial and family support and how influences women entrepreneurs success. A case study design was used to accomplish the study objectives. Data was gathered from women entrepreneurs. Ilala municipality, the study was employed probability sampling techniques especially simple random sampling in selecting 50 women entrepreneurs of which 40 were respondents. Data was collected via a self administered questionnaire whose validity and reliability was established. Quantitative and qualitative data analysis was undertaken to generate both descriptive and correlations. Presentation of data was done in tables and interpretation made based on research objectives. Findings from this study indicate that although many of the respondents stressed the importance of financial and family in general on their daily entrepreneurial success and operations, there is no direct link between the impact of financial and family support and success in business performance. Success of small business women entrepreneurs does not depend solely on the impact of financial and family support possessed by women entrepreneurs but a number of multi-factors. These factors include sound capital base, experience, lucky, friendly working environment, owner initiative, individual family background, personal commitment and personal financial discipline. Purposeful efforts should be done by government to secure establishment of sort of funds which should be aimed at assisting the women entrepreneurs who could not manage to secure funds from formal financial institutions. This could be in the form of guarantees through ward and street levels. The essence of these funds should be to uplift the unprivileged and ordinary women entrepreneurs who need small capitals but with limited collaterals needed by financial institutions
Description
A dissertation submitted in partial fulfillment of the requirements for the Degree of Masters of Science in Entrepreneurship (Msc.Entr.) of Mzumbe University
Keywords
Motivating, women entrepreneurs, Financial&family support, formal financial institutions.
Citation
APA