Abstract
Research shows high correlation between financial literacy skills and economic outcomes. This paper summarizes findings of a study on financial literacy competencies of women entrepreneurs in Kenya and how these skills affect their economic empowerment. The study used positivist/post positivist and constructivist approaches associated with Pragmatic paradigm. Data from 400 respondents were collected through questionnaires. Data analysis was through the Statistics and Data (STATA) package. Cross-tabulation analysis and chi-square test of independence were used to analyse relationships between variables. Willingness to invest in risky businesses (49.62%), not shopping around (48.74%), low numeric skills (66.92%), and taking loans without considering the cost (74.05%) are undermining women’s economic empowerment demonstrated by the fact that 79.68% of the respondents felt that their financial status was out of control and 83.59% felt uncomfortable about their current debt status. The study was limited to women entrepreneurs in Chuka Constituency who received Uwezo Funds during the 2013/2014 financial year.
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Kinyanjui, J., Ocholla, D. (2018). Financial Literacy Competencies of Women Entrepreneurs in Kenya. In: Kurbanoğlu, S., Boustany, J., Špiranec, S., Grassian, E., Mizrachi, D., Roy, L. (eds) Information Literacy in the Workplace. ECIL 2017. Communications in Computer and Information Science, vol 810. Springer, Cham. https://doi.org/10.1007/978-3-319-74334-9_37
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DOI: https://doi.org/10.1007/978-3-319-74334-9_37
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