Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses

Small and medium enterprises (SMEs) make up a large part of Kenya’s economy, accounting for approximately 98 percent of all businesses. SMEs are found in all sectors of the economy, they are estimated to contribute about 80 percent of total employment in Kenya, and they play a central role in Kenya’...

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Main Author:	International Finance Corporation
Format:	Report
Language:	English
Published:	Washington, DC 2022
Subjects:	WOMEN-OWNED SMALL AND MEDIUM ENTERPRISE (SME) MARKET ACCESS EQUITY WOMEN ENTREPRENEURS FINANCE INITIATIVE (WE-FI) GENDER-INCLUSIVE SUPPLY CHAINS PROCUREMENT EQUITY
Online Access:	http://hdl.handle.net/10986/37853

id	okr-10986-37853
recordtype	oai_dc
spelling	okr-10986-378532022-08-15T21:09:33Z Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses International Finance Corporation WOMEN-OWNED SMALL AND MEDIUM ENTERPRISE (SME) MARKET ACCESS EQUITY WOMEN ENTREPRENEURS FINANCE INITIATIVE (WE-FI) GENDER-INCLUSIVE SUPPLY CHAINS PROCUREMENT EQUITY Small and medium enterprises (SMEs) make up a large part of Kenya’s economy, accounting for approximately 98 percent of all businesses. SMEs are found in all sectors of the economy, they are estimated to contribute about 80 percent of total employment in Kenya, and they play a central role in Kenya’s economic growth. Women’s ownership of formal SMEs is low, comprising only about one third of registered SMEs. Women-owned and led SMEs (WSMEs) face structural barriers in growing their businesses due to their limited access to: finance, business networks and connections, and market information. Consequently, these barriers limit WSMEs’ ability to access new markets, such as procurement contracts with private sector Buyers. In 2020, IFC established Sourcing2Equal, a global program that aims to connect 5,000 WSMEs to private procurement opportunities by 2023. The first project under the program is in Kenya. This report examines the barriers that Kenyan SMEs face in accessing private procurement contracts, and if there are differences based on whether companies are owned by women, men, or owned jointly by women and men. Analysis of survey data from 571 SMEs, and interviews with 14 corporate Buyers in Kenya, provide unique data on gender gaps in the participation of SMEs in corporate supply chains, and it reveals emerging practices that are aiming to increase the procurement of goods and services from WSMEs. The sample of formally registered SMEs was selected from a defined population in business membership organizations’ databases, rather than from a national census dataset. Due to the potential risk of homogeneity in the sample, the statistically significant results of this study should not be assumed to be representative of the whole SME population 2022-08-09T15:52:12Z 2022-08-09T15:52:12Z 2021-06 Report http://hdl.handle.net/10986/37853 en CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo International Finance Corporation Washington, DC Economic and Sector Work (ESW) Studies :: Sector :: Thematic Studies :: Women in Development and Gender Study Kenya
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	WOMEN-OWNED SMALL AND MEDIUM ENTERPRISE (SME) MARKET ACCESS EQUITY WOMEN ENTREPRENEURS FINANCE INITIATIVE (WE-FI) GENDER-INCLUSIVE SUPPLY CHAINS PROCUREMENT EQUITY
spellingShingle	WOMEN-OWNED SMALL AND MEDIUM ENTERPRISE (SME) MARKET ACCESS EQUITY WOMEN ENTREPRENEURS FINANCE INITIATIVE (WE-FI) GENDER-INCLUSIVE SUPPLY CHAINS PROCUREMENT EQUITY International Finance Corporation Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses
geographic_facet	Kenya
description	Small and medium enterprises (SMEs) make up a large part of Kenya’s economy, accounting for approximately 98 percent of all businesses. SMEs are found in all sectors of the economy, they are estimated to contribute about 80 percent of total employment in Kenya, and they play a central role in Kenya’s economic growth. Women’s ownership of formal SMEs is low, comprising only about one third of registered SMEs. Women-owned and led SMEs (WSMEs) face structural barriers in growing their businesses due to their limited access to: finance, business networks and connections, and market information. Consequently, these barriers limit WSMEs’ ability to access new markets, such as procurement contracts with private sector Buyers. In 2020, IFC established Sourcing2Equal, a global program that aims to connect 5,000 WSMEs to private procurement opportunities by 2023. The first project under the program is in Kenya. This report examines the barriers that Kenyan SMEs face in accessing private procurement contracts, and if there are differences based on whether companies are owned by women, men, or owned jointly by women and men. Analysis of survey data from 571 SMEs, and interviews with 14 corporate Buyers in Kenya, provide unique data on gender gaps in the participation of SMEs in corporate supply chains, and it reveals emerging practices that are aiming to increase the procurement of goods and services from WSMEs. The sample of formally registered SMEs was selected from a defined population in business membership organizations’ databases, rather than from a national census dataset. Due to the potential risk of homogeneity in the sample, the statistically significant results of this study should not be assumed to be representative of the whole SME population
format	Report
author	International Finance Corporation
author_facet	International Finance Corporation
author_sort	International Finance Corporation
title	Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses
title_short	Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses
title_full	Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses
title_fullStr	Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses
title_full_unstemmed	Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses
title_sort	sourcing2equal kenya : barriers and approaches to increase access to markets for women-owned businesses
publisher	Washington, DC
publishDate	2022
url	http://hdl.handle.net/10986/37853
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Sourcing2Equal Kenya : Barriers and Approaches to Increase Access to Markets for Women-Owned Businesses

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