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Research Paper | Financial Engineering | Kenya | Volume 3 Issue 4, April 2014 | Popularity: 6.8 / 10
Access to Credit Facilities as a Major Factor Hindering Access to Public Procurement Contracts by Youth Entrepreneurs in Government Ministries in Ol Kalou Sub-County, Kenya
Ezekiel Ngigi Kamau, Daniel Wanyoike, Benson Mwangi
Abstract: Despite the various efforts put by the Kenyan Government to encourage youth participation in public procurement, very few youth-owned enterprises have been able to access public procurement opportunities. There has been no systematic attempt to look at public procurement from a youth angle inspite of its increasing recognition as a source of job creation, employment and economic dynamism in a rapidly globalizing world. The study sought to determine how access to credit facilities by youth entrepreneurs hinders their access to public procurement contracts. The researcher used descriptive research survey method. A population census of 25 youth-owned enterprises registered and operating within Ol kalou Sub-County was used. The research adopted an interview schedule and interviewed proprietors of the 25 youth-owned enterprises in the Sub-County. Data analysis was conducted through content analysis of the communication and views of the interviewees. Results revealed that access to credit was hindering access to public procurement contracts by youth-owned enterprises by denying them a level playing field in bidding for the contracts. The research recommends increasing access to credit to youth entrepreneurs to enable them access public procurement contracts.
Keywords: Ol kalou, Access, Public Procurement, Youth, Credit Facilities
Edition: Volume 3 Issue 4, April 2014
Pages: 495 - 498
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