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dc.contributor.authorKimunduu, Geoffrey
dc.contributor.authorErick, Otieno
dc.contributor.authorShisia, Adam
dc.date.accessioned2023-06-19T07:01:28Z
dc.date.available2023-06-19T07:01:28Z
dc.date.issued2016
dc.identifier.issn2348 0386
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/25862
dc.descriptionArticleen_US
dc.description.abstractFinancial literacy has been identified as a one of the key competencies required for the establishing, management and thriving of SMEs. However, the exact effect they have on the financial performance of SMEs hasn’t been fully established by the available literature thus the need for further research in this area. This study sought to establish the influence of financial literacy on the financial performance of SMEs in Ruiru sub county, Kiambu County. A descriptive survey design was adopted in conducting the study. The study population entailed the registered SMEs in Ruiru Sub County and who have undergone some financial literacy training by Equity bank through a programme known as financial knowledge for Africa (FiKA). A sample of 100 respondents was selected out of the total population of 334 respondents. The study used stratified sampling to get the sample of respondents. The data collected was analyzed using SPSS and the significance of the results tested using inferential statistics. The results of the multiple regressions revealed that there is a significant strong positive relationship between financial literacy and financial performance of SMEs. From the results, the study concluded that high levels of financial literacy among SME owners led to higher financial performance of SMEs. The study recommended that awareness be created to the SMEs on the importance of being financially literate by encouraging them to participate in financial literacy training programmes and also for the trainers to consider including ICT as one of units on which participants will be trained.en_US
dc.language.isoenen_US
dc.publisherInternational Journal of Economics, Commerce and Managementen_US
dc.subjectFinancial Literacyen_US
dc.subjectSkills Trainingen_US
dc.subjectSmall and Medium Enterprisesen_US
dc.subjectFinancial Performanceen_US
dc.titleA Study on the Influence of Financial Literacy on Financial Performance of Small and Medium Enterprises in Ruiru Town, Kiambu County, Kenyaen_US
dc.typeArticleen_US


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