Microfinance loans are a critical source of funding for women entrepreneurs in Nairobi slums, contributing to economic empowerment and poverty alleviation. The study employed structured interviews and financial record analysis to collect data from 150 randomly selected female business owners, focusing on their experiences with microfinance loans over the past year. Findings suggest that among participants who received a six-month intervention, there was an improvement in loan recovery rates by 20% compared to baseline conditions. The intervention demonstrated promising results in enhancing repayment practices among women entrepreneurs in Nairobi slums, indicating the potential for similar programmes to be scaled up and replicated in other contexts. Further research should explore long-term effects of such interventions and consider incorporating additional support mechanisms like financial literacy training. Microfinance loans, Women entrepreneurs, Repayment practices, Nairobi slums, Intervention study
Kamau et al. (Sat,) studied this question.