| Peer-Reviewed

Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya

Received: 16 February 2015     Accepted: 9 March 2015     Published: 14 March 2015
Views:       Downloads:
Abstract

YEDF continues to lend more money through C-YES component that is meant to be a revolving fund and if the trend continues there may be no more money to lend in the near future. However, factors affecting its repayment have not been studied adequately. The purpose of this research was to find out factors affecting the repayment of Constituency Youth Enterprise Scheme (C-YES) in Kirinyaga Central District. The study was guided by three objectives; to investigate the relationship between availability of resources on repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District, to determine how time taken between application and receiving of funds affect the repayment of constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District and to determine how amount of loan given affect the repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District. The researcher used descriptive survey. The study employed both stratified random sampling and simple random sampling. Data was collected using closed and open-ended questionnaires. These questionnaires were administered by the researcher. The data was then analyzed by use of frequency distribution tables and pie charts. The study revealed that Constituency Youth Enterprise Scheme (C-YES) is faced with numerous challenges in its attempt to empower the youths and sustain itself in repayment. Inadequate funding was cited as a factor contributing to any economic activity not to realize its full potential and this negatively affects it.

Published in Journal of Finance and Accounting (Volume 3, Issue 2)
DOI 10.11648/j.jfa.20150302.11
Page(s) 19-27
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Socio-Cultural Factors, Consumer Choice of Commercial Banks, Non-Governmental Organizations, Nakuru Town

References
[1] Alok Majumdar, (Dec.2000), Recovery Blues, Treasury Management pp.46-49.
[2] Bryson,J.M.,(1989), Strategic Planning for Public and Non- Profit Organizations, Jossey-Bass publishers.
[3] Economic Times & CMIE, (Dec. 2000), Special Presentation Copy pp. 45-46.
[4] Fackler, Martin (2008-10-23), "Trouble Without Borders". The New York Times.
[5] George Cherian & Mayur Shetty, (Sept. 2000), As Good As it Gets, Money & Banking, The Economic Times pp.7
[6] GOK, (2003), Economic Recovery Strategies for Wealth and Employment Creation, Nairobi; Government Printers.
[7] Group From Global Financial Crisis, (July 1999), Asian Development Bank Some Aspects & Issues relating to NPAs in Publications G.P. Muniappan, (Jan-Mar. 2003), Money & Finance, pp. 64 – 69.
[8] Hamel, Gary, (2002), Leading the Revolution, Plume-Penguin Books/.New York.
[9] Hubbard, D and Bolles,D (2007), The Power of Enterprises Wide Project Management, Amacom,USA.
[10] Kitching Galvin (1980), Class and Economic change in Kenya: Yale University press London
[11] Kothari,(1990), Research Methodology Methods and Techniques,2nd Ed,Wishwa Prakasshan,New Delhi
[12] Landale, (2006), Advanced Techniques for Training and Development, 1st Ed, Gower,UK.
[13] Law of the Committee on the Judiciary, (July 17, 2007), 110th Congress, First Session, Washington: U.S. G.P.O.
[14] Macharia D, (2009), From Theory to Actions: The Umtapo Experience in Youth Empowerment, Umtapo South Africa.
[15] Ministry of Youth Affairs, Issue No.1 (2007), Vijanaa Magazine.
[16] Ministry of Youth Affairs, (2006), Draft Strategic Plan (2006-2011) Government Printers, Nairobi.
[17] Mugenda O.M Mugenda A.G, (1999), Research Methods Quantitative and Qualitative Approaches, Acts Press, Nairobi Kenya
[18] M.S.A. Rao, (July 2001), A Better Future for Banks, Indian Management pp. 1 4-16.
[19] M.Y. Khan, (Feb. 2000), How to Tackle Credit Defaults, Business Line pp 6.
[20] Nacheket Mor & Bhavana Sharma, (Sept. 2002), Rooting Out NPAs, ICICI Research Center.Org.
[21] Ochieng W.R (1985), A History of Kenya: Macmillan London.
[22] Odinga O, (1967), Not Yet Uhuru. Heinmann London
[23] Ogot B.A. & Ochieng W.R, (1996), Decolonization and Independence in Kenya 1940 – 1993: East African Education Publishers, Kenya.
[24] Osborn,Hunder and Schermesrhon, (2003), Organizational Behaviours,8th Ed, ,John Wiley and Son’s Incorporation ,USA.
[25] Republic of Kenya,(2005), Sessional Paper No. 2 on Development of Micro and
[26] Small Enterprises for Wealth and Employment- Creation for Poverty Reduction, Government Printer, Nairobi.
[27] Robertson, Justin, (2008), 1972- US-Asia Economic Relations: a Political Economy of Crisis and the Rise of New Business Actors. Routledge.
[28] Schindler and Cooper, (2003), Business Research Method 8th Edition, Tata Mc.Graw Hill, New Delhi.
[29] Soros, George, (2008), The New Paradigm for Financial Markets - The Credit Crisis of 2008 and What it Me PAs Grossly Mis-understood, Business Indiaans, New York: Public Affairs. ISBN9781586486839.
[30] Torbat, Akbar E. (2008-10-13). "Global Financial Meltdown and the Demise of Neoliberalism". Global Research (Center for Research on Globalization).
[31] United States Congress, (2008), Working Families in Financial Crisis: Medical Debt and Bankruptcy. Hearing Before the Subcommittee on Commercial and Administrative
[32] UNDP, (2000), Human Development Report, New York, Oxford University Press.
[33] Westland, J (2007), The Project Management Life Cycle, Kogan page,USA.
[34] Woods, Thomas E., (2009), A Free-Market Look at Why the Stock Market
[35] Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse Regnery Publishing ISBN 1596985879.
Cite This Article
  • APA Style

    Anne Murathi, John Okello Weda. (2015). Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya. Journal of Finance and Accounting, 3(2), 19-27. https://doi.org/10.11648/j.jfa.20150302.11

    Copy | Download

    ACS Style

    Anne Murathi; John Okello Weda. Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya. J. Finance Account. 2015, 3(2), 19-27. doi: 10.11648/j.jfa.20150302.11

    Copy | Download

    AMA Style

    Anne Murathi, John Okello Weda. Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya. J Finance Account. 2015;3(2):19-27. doi: 10.11648/j.jfa.20150302.11

    Copy | Download

  • @article{10.11648/j.jfa.20150302.11,
      author = {Anne Murathi and John Okello Weda},
      title = {Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya},
      journal = {Journal of Finance and Accounting},
      volume = {3},
      number = {2},
      pages = {19-27},
      doi = {10.11648/j.jfa.20150302.11},
      url = {https://doi.org/10.11648/j.jfa.20150302.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20150302.11},
      abstract = {YEDF continues to lend more money through C-YES component that is meant to be a revolving fund and if the trend continues there may be no more money to lend in the near future. However, factors affecting its repayment have not been studied adequately. The purpose of this research was to find out factors affecting the repayment of Constituency Youth Enterprise Scheme (C-YES) in Kirinyaga Central District. The study was guided by three objectives; to investigate the relationship between availability of resources on repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District, to determine how time taken between application and receiving of funds affect the repayment of constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District and to determine how amount of loan given affect the repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District. The researcher used descriptive survey. The study employed both stratified random sampling and simple random sampling. Data was collected using closed and open-ended questionnaires. These questionnaires were administered by the researcher. The data was then analyzed by use of frequency distribution tables and pie charts. The study revealed that Constituency Youth Enterprise Scheme (C-YES) is faced with numerous challenges in its attempt to empower the youths and sustain itself in repayment. Inadequate funding was cited as a factor contributing to any economic activity not to realize its full potential and this negatively affects it.},
     year = {2015}
    }
    

    Copy | Download

  • TY  - JOUR
    T1  - Critical Factors in Repayment of Constituency Youth Enterprise Scheme in Kirinyaga Central District, Kenya
    AU  - Anne Murathi
    AU  - John Okello Weda
    Y1  - 2015/03/14
    PY  - 2015
    N1  - https://doi.org/10.11648/j.jfa.20150302.11
    DO  - 10.11648/j.jfa.20150302.11
    T2  - Journal of Finance and Accounting
    JF  - Journal of Finance and Accounting
    JO  - Journal of Finance and Accounting
    SP  - 19
    EP  - 27
    PB  - Science Publishing Group
    SN  - 2330-7323
    UR  - https://doi.org/10.11648/j.jfa.20150302.11
    AB  - YEDF continues to lend more money through C-YES component that is meant to be a revolving fund and if the trend continues there may be no more money to lend in the near future. However, factors affecting its repayment have not been studied adequately. The purpose of this research was to find out factors affecting the repayment of Constituency Youth Enterprise Scheme (C-YES) in Kirinyaga Central District. The study was guided by three objectives; to investigate the relationship between availability of resources on repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District, to determine how time taken between application and receiving of funds affect the repayment of constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District and to determine how amount of loan given affect the repayment of Constituency Youth Enterprise Scheme Loan (C-YES) in Kirinyaga Central District. The researcher used descriptive survey. The study employed both stratified random sampling and simple random sampling. Data was collected using closed and open-ended questionnaires. These questionnaires were administered by the researcher. The data was then analyzed by use of frequency distribution tables and pie charts. The study revealed that Constituency Youth Enterprise Scheme (C-YES) is faced with numerous challenges in its attempt to empower the youths and sustain itself in repayment. Inadequate funding was cited as a factor contributing to any economic activity not to realize its full potential and this negatively affects it.
    VL  - 3
    IS  - 2
    ER  - 

    Copy | Download

Author Information
  • Department of Education and External Studies, University of Nairobi, Nairobi, Kenya

  • Department of Education and External Studies, University of Nairobi, Nairobi, Kenya

  • Sections