Practices, Challenges and Opportunities of Fund Utilization By Youth In Micro, Small And Medium Enterprises Development In Ilu Gelan, West Shewa Zone, Oromia National Regional State, Ethiopia.

Abstract

Employment opportunities for young people are among the critical development challenges facing the country. In this regard, the government of Ethiopia set aside initiatives of youth funds economic development the study to analyze the practices of fund utilization by youths in Micro, Small and Medium Enterprises in the study area, to assess the perception of youths among fund utilization in Micro, Small and Medium Enterprises in study area, to explore the key challenges of fund utilization by youths in Micro, Small and Medium Enterprises in study area and to examine the possible opportunities of fund utilization by youths in Micro, Small and Medium Enterprises in Ilu Gelan Woreda. The study is based on primary data collected from 137 youths (18-34 years) by using self-administered questionnaires and those were involved in utilization of funds in study area. Additional information was also obtained from key informants, focus group discussion and observation. To conduct this study, mixed research approach (qualitative and quantitative) was employed .The statements from scheduled key interview and Focus group discussion of qualitative data were analyzed using content analysis. Key findings revealed that the majority of respondents do have poor communication on the availability of funds after taking the fund, majority of respondents had insufficient trainings on their entrepreneurships and the government also create suitable environments for youths in utilization of fund .From the study it is concluded that youths make well proper coordination and well group formation among their members. Finally, from the study it is recommended that the government should change the registration procedures in youth revolving fund by youths in Micro, Small and Medium Enterprises in study area.