Effects of Women Enterprise Fund Loan on Women Entrepreneurs a Survey of Small and Medium Enterprises in Eldoret Town, Kenya
Dr. Omwono Gedion, Dick Maungu Oyugi, Esther Wanza Munyithya

Abstract
The purpose of the study was to examine the effects of women enterprise fund on women entrepreneurs a survey of small and medium enterprises in Eldoret town. The target population was 740 respondents selected SMES owned by women, the research sampled 74 respondents which is 10% of the target population. The research design used was a survey of small and medium enterprises in Eldoret Town. The study employed census sampling technique. The data collection procedure was done using questioners that help to clarify difficulty questions as data collection instrument. The data was presented using descriptive statistics, organized, analyzed and interpreted and presented in collective data in percentage and frequency table were used to interpretation. The study found that women’s income together with households’ incomes have improved with credit. Women enterprise fund has a positive effect on women incomes and house hold incomes. The social welfare of women and their households in general improved. The challenges faced by women borrowers in Eldoret Town in acquisition of credit from Women Enterprise fund are: long procedures involved in application and long processing, delay in loan disbursement, requirement that a member must have accumulated savings too many requirements, lack of security/ collateral, requirement that one must be a member of a group first, and high cost of acquiring loan. The recommends that:- Women enterprise fund should reduce processing time and start giving individual loans, Women enterprise fund need to lower interest rates on the loans, Micro finance institution need to consider changing loan repayment terms from weekly to monthly repayment.

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