Microfinance Credit Accessibility and Financial Performance of Small and Medium

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dc.contributor.authorMungutia, Muema Joseph
dc.contributor.authorWamugo, Lucy
dc.date.accessioned2023-08-09T13:55:37Z
dc.date.available2023-08-09T13:55:37Z
dc.date.issued2020
dc.descriptionArticleen_US
dc.description.abstractSMEs in Machakos County have been characterized by poor financial performance which has been linked to financial access. Financial access is one of the keys that drive the development of SME in the country, particularly access to bank financing since banking sector plays a key role in serving this segment. This study specifically sought to determine the influence of collateral security, loan-income ratio and geographical branch penetration on financial performance of SMEs. Study adopted census survey due to small population size. Respondents were supplied with semi-structured questionnaires with aim of getting their views regarding financial accessibility and SME performance. Findings of the study indicated that collateral security, loan-income ratio, and geographical branch penetration has a significant positive effect on financial performance in Machakos County, Kenya. This research recommends that SME’s should improve their core capital, strengthen their financial management practices, foster financial innovation, and literacy within firms.en_US
dc.identifier.citationMunguti, M. J., & Wamugo, L. (2020). Microfinance credit accessibility and financial performance of small and medium enterprises in Machakos County, Kenya. Integrated Journal of Business and Economics, 4(1), 71-79.en_US
dc.identifier.other10.33019/ijbe.v4i1.250
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26710
dc.language.isoenen_US
dc.publisherIJBEen_US
dc.subjectfinancial performanceen_US
dc.subjectSMEsen_US
dc.subjectgeographical penetrationen_US
dc.subjectcollateral securityen_US
dc.titleMicrofinance Credit Accessibility and Financial Performance of Small and Mediumen_US
dc.typeArticleen_US
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