Effectiveness of youth enterprise development fund implimentation on youth programmes in Nairobi County
Maritim, Joseph Duncan
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The Kenyan government’s has put efforts to fund the youth through Youth Enterprise Development Fund (YEDF) to help growth in the youth enterprises. However, out of five youth funded by YEDF only two are able to be long term projects. Different challenges are faced by the youths as they go on with their businesses. The challenges are; poor management of loans, mismanagement of YEDF projects and poor services offered to members which lead to high withdrawer of membership. This study aimed to evaluate the effectiveness of youth enterprise development fund management on the performance of the programmes in Nairobi County. Specifically the study aimed to establish the influence of management of loans, training on venture management and offering services to the members on the performance of the youth enterprise development fund programmes in Nairobi County. Descriptive survey was adopted for this study. The study targeted YEDF program officers in the 17 sub-counties within Nairobi County who total to 663. The researcher used stratified sampling design to sample out the 250 officers. A questionnaire was used to collect primary data. Employment of Descriptive statistics was used in the study. The study found that management of loans, venture management and offering services to the members influenced the performance of the youth enterprise development fund programmes in Nairobi County to a great extent. The study concludes that aspects of centralized decision making and risk management need to be addressed to enhanced the performance of the program. Both the youth technical and business management skills needed to be enhanced through regular training. Services offered need to be reviewed regularly in order to enhance performance of youth enterprise development projects in Nairobi County. It should be a good idea if managers employed in the centers where the funds are provided to the youths to have effective skills, knowledge and competences so that operations can be smooth and efficient. The County government of Nairobi should also ensure that training incorporates technical skills, business management as well as entrepreneurial skills. There should be establishment of forums to link the youths to successful entrepreneurs in the sub county or outside the sub county.