FACTORS AFFECTING THE PERFORMANCE OF WOMEN ENTREPRENEURS IN MICRO ...
FACTORS AFFECTING THE PERFORMANCE OF WOMEN ENTREPRENEURS IN MICRO ...
FACTORS AFFECTING THE PERFORMANCE OF WOMEN ENTREPRENEURS IN MICRO ...
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entrepreneurs, NGOs, banks and other supporting organizations. Lastly, Women<br />
entrepreneurs in MSEs of the town should share experiences with other entrepreneurs in<br />
other towns and regions so that they can learn a lot from best practices of those<br />
entrepreneurs.<br />
To MSEs heads:<br />
MSEs Heads should design a different screening mechanism while selecting candidates<br />
rather than using “one kebele member system”. Besides this, the minimum number of<br />
members to form a cooperative should also be revised. Being in one/the same kebele<br />
should not be a criterion to form a cooperatives association, rather members’ skill<br />
compositions, their ethical attitudes and commitment to work should also be taken in to<br />
account. Furthermore, keeping the minimum number of members to form an association<br />
in to 10 is not reasonable, because what matters in not their number rather their<br />
willingness and their relationship among themselves should also be considered. MSEs<br />
should also discuss with municipalities and other administrative bodies to make women<br />
entrepreneurs owners of working premised(land).They should also arrange mechanisms<br />
through which women entrepreneurs in MSEs can easily access administrative bodies and<br />
policy makers so that they can be beneficiaries of different governmental incentives such<br />
as tax exemptions, decreasing interest rates on loans etc.<br />
To Micro finances:<br />
Micro finance institutes should change the practice of “group lending system” since<br />
members in a group cannot have the same thinking level, attitude and commitment as<br />
there are personal differences. Hence institutes should allow individual lending systems.<br />
Micro-finances should also minimize the interest rates that they charge to women<br />
entrepreneurs in MSEs so as to strengthen their entrepreneurial sprit. In addition Credit<br />
services need to be reviewed in order for them to be accessible to small enterprises with<br />
limited capacity. This has yet to be achieved despite the proliferation of microfinance<br />
institutions alongside the MSE strategy. The procedures for securing loans must be<br />
simplified or greater support offered by the lenders to support SMEs. Some microfinance<br />
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