Socio-Economical Factors and Performance of Women Owned Enterprises in Puntland Somalia.
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Date
2024-09
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Abstract
The purpose of the study is to find out the effect of Socio economic factors on performance of
women owned enterprises at Puntland Business Women Umbrella (PBWU). In Somalia, female
entrepreneurs encounter significant obstacles in accessing credit, primarily stemming from a lack
of information, entrepreneurial skills, and limited access to financial services. The objectives of
the Study are; 1) To establish the effect of loan accessibility on performance of women
enterprises at Puntland Business Women Umbrella, 2) To examine the effect of entrepreneurial
skills on performance of women owned enterprises at Puntland Business Women Umbrella, 3)
To examine the effect of Investment information accessibility on performance of women owned
enterprises at Puntland Business Women Umbrella. The research concentrated on a period
spanning from 2015 to 2020, during which respondents engaged with the study's concerns. This
study was guided by the Grameen Theory of Lending by Mohammed Yunus (1976), the Agency
theory by Jensen and Meckling (1976) and trade-off theory of Kraus & Lichtenberger (1973)
which was later developed by Myers in 2014. This particular study used a cross-sectional
research design with a quantitative approach to facilitate data collection and analysis. According
to the 2015 PBWU Annual Report, the organization had 761 members, of whom 309 were
women. The number of participants in this study was 309 women, and the sample size was 175,
according to the guidelines of Krejcie & Morgan (1970). The study utilized data gathered
through questionnaires, interviews, and documentary sources to explore how socio-economic
factors impact the performance of women-owned enterprises in Puntland, Somalia.