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dc.contributor.authorKemei, Joseph Kipngeno
dc.contributor.authorWarui, Fredrick
dc.date.accessioned2023-07-28T13:07:17Z
dc.date.available2023-07-28T13:07:17Z
dc.date.issued2021
dc.identifier.citationKemei, J. K., & Warui, F. Access of Credit and Financial Performance in Small and Micro Enterprises: Evidence of Enterprise Development Funds Strategies Used in Kenya.en_US
dc.identifier.urihttp://www.ijlrhss.com/paper/volume-4-issue-11/3-HSS-1174.pdf
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26462
dc.descriptionArticleen_US
dc.description.abstractSmall and Micro Enterprises (SMEs) has encountered myriads of challenges especially at early establishments. This has affected the financial performance of youth SMEs and some leading to closure. Despite the effort by government in Kenya for youth enterprise development funds their success rate is still very low. To address this issues the main objective of the paper is to establish the effect of access to credit strategy on financial performance of SMEs in Kericho County. Financial intermediation theory was utilized in the study. The study utilized a descriptive survey design where information was retrieved from SMEs in Kericho County who had access to YEDF and Uwezo funds. It targeted a population of 236 comprising of 144 employees in YEDF and 92 employees in Uwezo funded SMEs where a sample of 148 respondents were selected using stratified sampling method. Questionnaires were used in as data collection tools. The study conducted descriptive statistics where mean and standard deviation were adopted. ANOVA analysis was used to examine the relationship between the variables. The finding revealed access of credit had significant influence on financial performance. Where there was flexibility in access to loans as well as low requirement in accessing finance. It also showed that group loans strategy assisted significantly the growth of SMEs. The study recommended training and exhibition of SME products to create knowledge and market respectively for proper utilization of loan accessed.en_US
dc.language.isoenen_US
dc.publisherIJLRHSSen_US
dc.subjectAccess to Crediten_US
dc.subjectFinancial Performanceen_US
dc.subjectDescriptive Survey Designen_US
dc.subjectSmall and Medium Enterpriseen_US
dc.subjectKenyaen_US
dc.titleAccess of Credit and Financial Performance in Small and Micro Enterprises: Evidence of Enterprise Development Funds Strategies Used in Kenyaen_US
dc.typeArticleen_US


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