An assessment of factors affecting success of youth Entrepreneural development in kenya: a case of selected youth Enterprises in Githurai

Abstract

The development of youth enterprises is of great importance in Kenya. Vision 2030 embodies the development of youth in entrepreneurial sector. In the recent past, there has been report of an increment of registration of youth enterprises. It is notable that youth are embracing entrepreneurship as a way of earning a living as opposed to the past where society regarded white-collar jobs than SMEs. The importance placed on youth enterprises by the Kenyan Central government and the County governments is evidenced through the availability of youth loans and the ease of registration of businesses. This is essentially because youth enterprises and their engagement in the entrepreneurial sector is seen as a major boost to Kenya’s economic growth and to the achievement of vision 2030. The study is aimed at assessing the factors hindering the success of youth enterprises by evaluating the impact of credit accessibility, entrepreneurial education and management strategies among the young entrepreneurs. The results and findings of this study will help unravel the factors hindering success of youth enterprises, entrepreneurial potential and will hence help in solving the ever-increasing youth unemployment crisis.