The effect of Social Economic Factors on Performance of Business Enterprises owned by Women: A case of Members of Team Work Afrika(TWA)

Abstract

This study was about the outcome of social economic factors on performance of business enterprises owned by females of Team Work Afrika (TWA). The study intends to discover how the social economic factors influence performance of business enterprises owned by females entrepreneurs at TWA. It specifically established the association between access to credit; entrepreneurial skills required by females entrepreneurs and, accessibility to investment information and; the performance of businesses owned by females entrepreneurs at TWA. The study adopted a cross-sectional research design and selected a sample size of 172 out of which 171 respondents participated in the study. Primary data was gathered from respondents all of whom were members of TWA. Secondary data was mainly got from annual reports, manuals, policy guidelines and journals among others. The data analysis was done using the Statistical Package for Social Scientists (SPSS) for quantitative data and thematic coding for qualitative data. Based on the data analysis out comes, it was found that performance of business enterprises owned by females entrepreneurs at TWA is considerably affected by females’s access to credit, entrepreneurial skills and their accessibility to investment information. The implication here was that Credit accessibility, Entrepreneurship skills and Access to investment information considerably affected the levels incomes, and number of investment activities of business enterprises owned by females at TWA. It was recommended that it was necessary that a blend of the three social economic factors be improved for improved business performance.