Factors Affecting The Performance Of Women Entrepreneurs In Micro And Small Enterprises: The Case Of Burayu Sub City, Oromia Regional State, Ethiopia

Abstract

Micro and small enterprises are becoming an important area of emphasis for many developing in general and to Ethiopia in particular, primarily for their immense potentials as a source of employment particularly for women, given that there are a number of factors that affect their performance. However, women entrepreneurs in micro and small scale enterprises face a wide variety of challenges both in starting and in growing their business ventures in the country in general and in the study area in particular. The objective of this study was to identify factors affecting the performance of women entrepreneurs in micro and small enterprises in Burayu Sub City, Oromia Regional State, Ethiopia. The study used descriptive and explanatory research design. The study used stratified random sampling. In order to collect data related research questions, closed ended questionnaires were employed in the study. The total sample size was 114 respondents. The data analysis was performed using descriptive statistics. The study found that women entrepreneur’s performance in micro and small enterprises were constrained by economic factors, sociocultural factors and regulatory factors. In addition, the severity rank test result indicated that economic factors are sever than policies and regulatory factors followed by sociocultural factors. Therefore, banks should improve access to finance through offering better lending terms and conditions and collateral l requirements in order to increase women entrepreneur’s performance in micro and small enterprises