A comparative study of the entrepreneurial characteristics of funded versus non funded women entrepreneurs in Nairobi.

Abstract

This study seeks to identify factors that may act as a driving force to women entrepreneurs in seeking external funding. It also seeks to establish whether there exist any entrepreneurial differences between the funded and the unfunded women entrepreneurs. To achieve the objectives of the study, a sample of one hundred women entrepreneurs operating within Nairobi district were, selected. To ensure an equal representation, Nairobi district was divided into five zones, namely; central, eastern, western, northern and southern. Primary data was collected by the use of a questionnaire. A fifty one percent (51 %) response' rate was achieved. The entrepreneurial characteristics investigated were; locus of control, independence and risk taking, while the influencing factors included formal education, training, experience, birth order, parental influence, religion and ethnicity. The study also sought to identify if ., there was any relationship between any of the above characteristics /factors and external - funding for the enterprises. Data was analyzed using proportions, percentages and means. Graphical displays were used to amplify the comparative analysis. v Results indicate that there are no significant differences in entrepreneurial characteristics between funded and none funded women entrepreneurs. Therefore the variables used are not determinants of the entrepreneurial behaviour analysed. It was also found that the drive and ability to go for external funding can be attributed to personal traits which can not be generalized. The level of education was found to above primary school level with those with degree level of education getting into business. -. VI