Obstacles of women entrepreneurial success in the case of chiro city
International Journal of Development Research
Obstacles of women entrepreneurial success in the case of chiro city
Received 20th February, 2018; Received in revised form 26th March, 2018; Accepted 13th April, 2018; Published online 31st May, 2018
Copyright © 2018, Tewodros Biset Amene. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
This study was designed to identify the major obstacles of women entrepreneurial success in chiro town, Oromia National regional state, Ethiopia. A total of 283 questionnaires were distributed and 202 questionnaires were filled and returned. Primary data were collected through questionnaires from 202 women enterprises. The collected data was processed and analyzed by using both descriptive and factor analysis statistical techniques (SPSS Version 22). The results of descriptive analysis indicates that the major obstacles of women entrepreneurial success were lack of finance, lack of market linkage, location, negative attitude and interruption of Electricity respectively. Factor analysis was employed for 43 variables to determine the major factors. Extraction mechanisms were Principal component analysis and Promax rotation method and only 30 variables that have explained higher than the rest of the variables and these variables have been grouped in to six factors according to their nature and Eigen values greater than 1. Thus, factor one illustrates 28.56%, factor two illustrates 11.444%, factor three 8.916%, factor four 6.703%, factor five 5.736% and factor six illustrates 3.9 95% of phenomenon the study. These six extracted factors explain 65.35 of the total extracted variance and the studied phenomenon.