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This study assessed the impact of financial and family support in motivating women
entrepreneurs’ success in Dar Es Salaam region taking the case of Ilala Municipality.
The objective was to assess whether the level of financial and family support has an
influence to women entrepreneurs in sales growth, profit and employment growth.
The study was expected to establish the practical relationship between financial and
family support and how influences women entrepreneurs success. A case study
design was used to accomplish the study objectives. Data was gathered from women
entrepreneurs. Ilala municipality, the study was employed probability sampling
techniques especially simple random sampling in selecting 50 women entrepreneurs
of which 40 were respondents. Data was collected via a self administered
questionnaire whose validity and reliability was established. Quantitative and
qualitative data analysis was undertaken to generate both descriptive and
correlations. Presentation of data was done in tables and interpretation made based
on research objectives.
Findings from this study indicate that although many of the respondents stressed the
importance of financial and family in general on their daily entrepreneurial success
and operations, there is no direct link between the impact of financial and family
support and success in business performance. Success of small business women
entrepreneurs does not depend solely on the impact of financial and family support
possessed by women entrepreneurs but a number of multi-factors. These factors
include sound capital base, experience, lucky, friendly working environment, owner
initiative, individual family background, personal commitment and personal financial
discipline.
Purposeful efforts should be done by government to secure establishment of sort of
funds which should be aimed at assisting the women entrepreneurs who could not
manage to secure funds from formal financial institutions. This could be in the form
of guarantees through ward and street levels. The essence of these funds should be to
uplift the unprivileged and ordinary women entrepreneurs who need small capitals
but with limited collaterals needed by financial institutions. |
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