FACTORS AFFECTING THE PERFORMANCE OF WOMEN ENTREPRENEURS IN MICRO ...

Table12. Source of startup funding
Item Number Percent
Personal saving 21 10.66
household 9 4.57
Borrowed from relatives or friends/money lenders 1 0.51
Micro-finance institutions 153 77.66
Equb 7 3.55
Assistant from friends/relatives 3 1.52
Inheritance 3 1.52
Borrowed from Bank - -
Assistant from NGO’s - -
Others - -
Total 197 100
The table above shows that majority of the respondents (77.66%) use micro finances as
main source of start-up funding in financing their enterprises. It is also clear that 10.66%
of the entrepreneurs use personal saving as their main source of start-up funding. The
table above shows that (0.51%) of the entrepreneurs finance their business borrowing
from relatives/friends. Women entrepreneurs in MSEs do not use banks and NGOs as a
source of financing their business.
4.1.3 Factors affecting women entrepreneur’s performance in MSEs
There are a number of challenges that affect women entrepreneurs in MSEs associated
with different factors. The following table shows the major economic factors the affect
these entrepreneurs.
Economic factors
The major economic factors that affect the performance of women entrepreneurs include
finance, market, training, land, information, managerial skills, infrastructures and raw
materials (Samit, 2006).
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