Factors affecting the performance of women entrepreneurs in micro and small enterprises (in case of Nifas silk lafto sub-city)

Abstract

The major objective of the study is to investigate economic, social and legal and administrative factor that affecting the performance of women entrepreneurs in MSEs at Nifas Silk
Laftoin starting and running their own business. The type of research employed under this study was descriptive and inferential research. The population of the study consisted of 531 women entrepreneurs who work in 5 sectors. Stratified random sampling was used to get information from different sizes of women entrepreneurs. The statistical package for social science (SPSS) version 20 was used to analyze the data. The statistically significant relationship between independent variables and dependent variable, the product moment correlation coefficient was used. In this study multiple regressions were employed. From the totally distributed questionnaire (228), 221 (trade=106, manufacturing=43, service=45. Agriculture =19 and construction=8). The age category of women entrepreneurs in MSEs at the Nifas Silk Lafto most of them are with age category of the 21-30 which accounts 41-6%. Educational levels of women entrepreneurs in MSEs at Nifas Silk Lafto are grade 5-8 which accounts 24.9%. The work experience of majority respondents is 1-5 years which accounts 39.8%. The majority women entrepreneurs were involved in trade which accounts 48%. The majority of women entrepreneurs have below 5 employees comprise of 79.2%. The levels of economical, socio-cultural and legal and administrative factors that affect the performance of women entrepreneurs in MSE are found low. The obtained grand mean of support given from MSE institute is significantly lower than the expected mean (M=1.67, s=1.01). The women entrepreneurs’ performance is significantly low. The legal and administrative factors (r=0.081) have strongly significant positive relationship with women entrepreneurs’ performance than economic and social factors. The major determinant factors that contribute to the performance of women entrepreneur’s is legal and administrative factors can only contribute 74.1%, economic factors have 2.2% and the social factors (1%). Generally, the empowerment of women entrepreneurs should be taken as components of transforming the country’s economy