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Influencing of Leadership on Financial Sustainability of Youth Group Projects Funded by Youth Enterprise Development Fund in Meru North Sub County, Meru County, Kenya

	International Journal of Scientific Research and Engineering Development (IJSRED)	Full Text:
	Published Issue : Volume-4 Issue-2
	Year of Publication : 2021
	Unique Identification Number : IJSRED-V4I2P23
	Authors : Eric Ndege
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Abstract :

UNICEF (2009) notes that the global economic crisis has produced a large cohort of unemployed youth, who in 2009, stood at around 181 million worldwide. Kenyan ministry of youth affairs was created in December 2005 with a mandate to fully develop the potential of the youth as well as prepare and engage them in the socio- economic development of Kenya and be self-employed. To ensure the youth get access to cheap loans, the youth enterprise development fund was created in December 2006 through a legal notice. Most of the youth projects funded by YEDF have low survival rates and in most cases the youths are unable to repay the loans. Consequently, the youth continue languishing in poverty The objective of the study was to establish the influence of leadership on financial sustainability of projects funded by youth enterprise development fund in Meru North sub county, Meru County, Kenya A descriptive survey approach was adopted to obtain information concerning influence of leadership of financial sustainability of projects funded by youth enterprise development The Target population for this study was 205 youth group leaders in Meru North sub county that had been funded. Completed questionnaires were edited for completeness and consistency. Data collected was coded using a predetermined coding scheme and analyzed both qualitatively and quantitatively. The researcher used the Statistical Package for Social Sciences (SPSS) version 17 to analyze quantitative data The result indicated that the groups had an average current ratio of 2.1 implying that most groups were largely financially sustainable. The results further indicated that there was a strong positive significant correlation between youth groups where youth leaders consult group members on the running of projects funded by YEDF and current ratio (r = 0.712 at p = 0.013). This implies that consultation in a group is vital for the sustainability of group projects.