Effects of financial and human capitals on entrepreneurial propensity: case of the Uwezo fund program in North Horr, Kenya

Abstract

This paper explores how the provision and access to financial and human capitals creates a conducive environment and enhances entry into entrepreneurship by individuals earmarked as potential beneficiaries of the Uwezo Enterprise Development Fund in North Horr Constituency in Kenya. Financial capital is discussed from the point of how improved accessibility influences entrepreneurial inclinations and motivation. The study also explores whether boosting human capitals resources through training (skill development), market linkage (improve networking), and mentorship (improve self–efficacy) among the Uwezo Enterprise Development recipients encouraged them towards considering entrepreneurship as a career option. The purpose of the study was to assess whether provision of financial resources and enhancement of human capabilities through Uwezo Enterprise Development has influenced the individuals to consider entrepreneurship as an alternative form of employment. The study employed a quantitative design, where a survey questionnaire was used to gather the data and the data collected analysed using the Statistical Package for Statistical Analysis System (SAS)