The impact of credit on small enterprises growth in Kenya the case for Nairobi

Abstract

Economic hardship in Kenya led to many reforms and the focus of government policy is now on poverty eradication. Micro and small-scale enterprises is seen as the major area of job creation and elimination of the trend of poverty. Majority of the unemployment consist of women and rural urban migrators who are mostly men. According to National Baseline Survey of 1999 more men than women are employed in Micro and Small-scale enterprises. Micro finance (the funds to finance small businesses) is vital for these firms' growth. Expansion and growth of these firms will lead to more employment, higher standards of living and elimination of social evils. It is therefore imperative that funds are availed to the MSE sector for this objective to be realized.