Factors affecting demand for credit facilities amongst small scale industries: a case study of the jua kali artisans in Nairobi
Nehemiah, Maiyo K.
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This study sought to explore the factors affecting demand for credit facilities amongst small-scale Jua Kali artisans in Nairobi. The driving force to this area of study is that this sector is seen as impetus to accomplishing Kenya's objective of being an industrialized country by the year 2020. Data were collected using interviews and a questionnaire designed to capture factors affecting demand for credit facilities. The target was to administer questionnaires to 60 respondents. In the end, the researcher managed to get 42 respondents (response rate was 70). Data were analyzed using SPSS statistical computer package and presented in terms of factor analysis and descriptive statistics. From the research findings, the following factors were considered very important in affecting demand for credit facilities amongst small-scale Jua Kali Artisans; i. Collateral security ii. Level of business turnover in a given period iii. Location of the business and iv. Legal requirements. Factor analysis extracted five factors which affect demand for credit facilities namely, proximity and credit guarantee, performance of the business, alternative financing, efficiency and resource management and size of the business.