American Journal of Management Science and Engineering

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Assessing the Hindrances and Prospects of Women’s Entrepreneurship Development: The Case of Hosaena Town, Hadya Zone, SNNP, Ethiopia

Received: 07 June 2020    Accepted: 24 June 2020    Published: 17 August 2020
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Abstract

Women’s entrepreneurship is considered to have a noteworthy part in economic development. The issue of women empowerment has been important for Governments and other non-governmental organizations. Both primary and secondary data was collected. The result of the study indicates that women entrepreneurs are exposed to various obstacles in the area of economy such as: limited access to loan and finance, difficulties in accessing markets, the lack of own land and inheritance, and difficulties in accessing raw materials. The main difficulties identified by women entrepreneurs in the area of legal and administrative functions in the survey are: high interest rates, high taxes, difficulties in getting a loan, insufficient support from Governmental and Financial institutions, and the lack of possibility to influence policy making. In relation to social and cultural factors, results from the survey are ambiguous. The government should create gender- neutral laws and policies to create a stimulating environment for potential women entrepreneurs. Therefore, government should offer different forms of support to women entrepreneurs such as: tax incentives and grants for starting a business. Additional effort should be directed to increase the quality of existing support to entrepreneurship development as well to designing new programs that would better alleviate the obstacles identified in this study.

DOI 10.11648/j.ajmse.20200503.12
Published in American Journal of Management Science and Engineering (Volume 5, Issue 3, May 2020)
Page(s) 32-41
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Entrepreneurship, Hindrance, Women, Development, Prospect, Assessing

References
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[4] Chamlou, N. (2007). The Environment for Women’s Entrepreneurship in the Middle East and North Africa Region: World Bank's report. Washington, DC: World Bank.
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[6] DAMWAD. (2007). Women Entrepreneurship – A Nordic Perspective. Nordic Innovation Centre.
[7] Dawit and Dawit. (2005). Entrepreneurship: A challenging expedition to success. Adiss Ababa: Branna P. E.
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[9] Desta, S. (2010). Desk Review of Studies Conducted on Women Entrepreneurship in Ethhiopia. Adiss Ababa: Addis Ababa Chamber of Commerce.
[10] Gupta and Khanka. (2000). Entrepreneurship and Small Business Management (4th ed.). New Delhi, India: Sultan and Sons publishing pltd.
[11] Hailay, G. (2003). Entreprreneurship and Small Business Management. Mekelle: Ethio Central Printing.
[12] Hastings, P. G. (1974). Introduction to Business (2 ed.). USA: McGraw-Hill, Inc.
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[15] Holt, D. H. (2003). Etrepreneurship: New Venture Creation. New Delhi: Prentice-Hall of India private limited.
[16] International Labour Organization (ILO). (2003). Ethiopian Women Entrepreneurs: Going for Growth. Geneva.
[17] Merwe and Lebakeng. (n. d.). AN EMPIRICAL INVESTIGATION OF WOMEN ENTREPRENEURSHIP IN LESOTHO. Retrieved Oct 20, 2011.
[18] Organization for Economic Co-operation and Development (OECD) (1998). Fostering Entrepreneurship. Paris: OECD, cited in United Nations (2005).
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[20] Schumpeter, J. (1934). The Theory of Economic Development. Oxford: Oxford University Press, cited in (Gupta and Khanka, 2000).
[21] Schwab et al. (2011). The Africa Competitiveness Report 2011 The Africa Competitiveness Report 2011: A report prepared by World Economic Forum, the World Bank and the African Development Bank. Geneva: World Economic Forum.
[22] Shefsky, L. E. (1994). Entrepreneurs are Made Not Born. USA: McGraw-Hill, Inc.
[23] Siddique, U. (2008). Prospects and Problems of Women Entrepreneurs: A Study of Dakha City: A dissertation for mastrs degree in developmnet studies, BRAC university. Dakha.
[24] Stevenson and St-Onge. (2005). Support for Growth-oriented Women Entrepreneurs in Ethiopia. Geneva: International Labour Office.
[25] Tambunan, T. (2009). Women entrepreneurship in Asian developing countries: Their development and main constraints. Journal of Development and Agricultural Economics, 38-40.
[26] Thomas et al. (2011). Innovation and Small Business (Vol. 1). Brychan Thomas, Christopher Miller and Lyndon Murphy & Ventus publishing Aps.
[27] United Nations. (2005). ENTREPRENEURSHIP AND ECONOMIC DEVELOPMENT: THE EMPRETEC SHOWCASE. UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT (p. 3). Geneva: [web]URL: http://www.unctad.org/en/docs/webiteteb20043_en:df accessed date 09/11/2011.
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Author Information
  • Department of Civic and Ethical Studies, Wachemo University, Hosaena, Ethiopia

  • Department of Civic and Ethical Studies, Wachemo University, Hosaena, Ethiopia

  • Department of English Language and Literature, Wachemo University, Hosaena, Ethiopia

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    Ephrem Ahadu, Ageze Chufamo, Tsegaye Abie. (2020). Assessing the Hindrances and Prospects of Women’s Entrepreneurship Development: The Case of Hosaena Town, Hadya Zone, SNNP, Ethiopia. American Journal of Management Science and Engineering, 5(3), 32-41. https://doi.org/10.11648/j.ajmse.20200503.12

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    ACS Style

    Ephrem Ahadu; Ageze Chufamo; Tsegaye Abie. Assessing the Hindrances and Prospects of Women’s Entrepreneurship Development: The Case of Hosaena Town, Hadya Zone, SNNP, Ethiopia. Am. J. Manag. Sci. Eng. 2020, 5(3), 32-41. doi: 10.11648/j.ajmse.20200503.12

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    AMA Style

    Ephrem Ahadu, Ageze Chufamo, Tsegaye Abie. Assessing the Hindrances and Prospects of Women’s Entrepreneurship Development: The Case of Hosaena Town, Hadya Zone, SNNP, Ethiopia. Am J Manag Sci Eng. 2020;5(3):32-41. doi: 10.11648/j.ajmse.20200503.12

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  • @article{10.11648/j.ajmse.20200503.12,
      author = {Ephrem Ahadu and Ageze Chufamo and Tsegaye Abie},
      title = {Assessing the Hindrances and Prospects of Women’s Entrepreneurship Development: The Case of Hosaena Town, Hadya Zone, SNNP, Ethiopia},
      journal = {American Journal of Management Science and Engineering},
      volume = {5},
      number = {3},
      pages = {32-41},
      doi = {10.11648/j.ajmse.20200503.12},
      url = {https://doi.org/10.11648/j.ajmse.20200503.12},
      eprint = {https://download.sciencepg.com/pdf/10.11648.j.ajmse.20200503.12},
      abstract = {Women’s entrepreneurship is considered to have a noteworthy part in economic development. The issue of women empowerment has been important for Governments and other non-governmental organizations. Both primary and secondary data was collected. The result of the study indicates that women entrepreneurs are exposed to various obstacles in the area of economy such as: limited access to loan and finance, difficulties in accessing markets, the lack of own land and inheritance, and difficulties in accessing raw materials. The main difficulties identified by women entrepreneurs in the area of legal and administrative functions in the survey are: high interest rates, high taxes, difficulties in getting a loan, insufficient support from Governmental and Financial institutions, and the lack of possibility to influence policy making. In relation to social and cultural factors, results from the survey are ambiguous. The government should create gender- neutral laws and policies to create a stimulating environment for potential women entrepreneurs. Therefore, government should offer different forms of support to women entrepreneurs such as: tax incentives and grants for starting a business. Additional effort should be directed to increase the quality of existing support to entrepreneurship development as well to designing new programs that would better alleviate the obstacles identified in this study.},
     year = {2020}
    }
    

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    T1  - Assessing the Hindrances and Prospects of Women’s Entrepreneurship Development: The Case of Hosaena Town, Hadya Zone, SNNP, Ethiopia
    AU  - Ephrem Ahadu
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    AB  - Women’s entrepreneurship is considered to have a noteworthy part in economic development. The issue of women empowerment has been important for Governments and other non-governmental organizations. Both primary and secondary data was collected. The result of the study indicates that women entrepreneurs are exposed to various obstacles in the area of economy such as: limited access to loan and finance, difficulties in accessing markets, the lack of own land and inheritance, and difficulties in accessing raw materials. The main difficulties identified by women entrepreneurs in the area of legal and administrative functions in the survey are: high interest rates, high taxes, difficulties in getting a loan, insufficient support from Governmental and Financial institutions, and the lack of possibility to influence policy making. In relation to social and cultural factors, results from the survey are ambiguous. The government should create gender- neutral laws and policies to create a stimulating environment for potential women entrepreneurs. Therefore, government should offer different forms of support to women entrepreneurs such as: tax incentives and grants for starting a business. Additional effort should be directed to increase the quality of existing support to entrepreneurship development as well to designing new programs that would better alleviate the obstacles identified in this study.
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