Micro Credit Service Provisons And Urban Women’s Economic Well Being In Kenya
By Kibiru David Michael
Less attention has been given to well being and other house hold characteristics that influence clients access to micro credit among women households. The study investigates the determinants of access to credit by 150 women entrepreneurs in Garissa District. Data for the study was collected in September and October 2014 from targeted women entrepreneurs in selected microfinance institutions. Structured questionnaires were used to collect the data from the women entrepreneurs. The result of the study indicated that borrower’s well being influences access to credit amount. Borrowers who have been in business for long time are likely to access larger loan amounts. Marital status and education do not significantly influence access to credit. Among the recommendations are that microfinance should not only target borrowers with high well being scores but those with low well being scores since the original aim of microfinance is to lift the poor out of poverty. It is important to give credit to aged business owners instead of young ones. Giving credit to married women because their husbands could serve as quarantors does not matter much but rather women who do not have husbands also need to benefit from micro credit lending.