| dc.description.abstract | Following several services and products offered by MFTs to entrepreneurs in several areas
of the country, a study was conducted to investigate the influence of MFls on the
development of small scale entrepreneurs in Bungoma County, South Sub County,
Kenya. The study was guided by the following research objectives: to determine the
extent to which micro finance institutions have influenced the employment of small scale
entrepreneurs, to examine how micro finance institutions have influenced the poverty
level of small scale entrepreneurs, to assess how micro finance institutions have
influenced income distribution of small scale entrepreneurs and to determine the extent to
which microfinance institutions have influenced the living standards of small scale
entrepreneurs. The researcher used both primary and secondary data. The primary data
was obtained from clients and the management of four MFls namely SMEP micro finance
bank.Faulu DTM,KWFT microfinance bank and equity bank. A sample size of 302 was
obtained from a total population of 1400. The information was obtained by use of
documentation, self-administered questionnaires and interviews. Secondary data was
obtained from published materials, which included journals, textbooks magazines,
internal reports and newspapers. The findings of the study were analyzed to come up with
conclusion from which the researcher drew recommendations. The findings of the study
revealed that loans received from MFls have contributed positively to the four objectives.
The research found out that after a period of loan cycle with MFls, there was an increase
m mcome of the business which necessities more workforce due to increase in
production. Employment of more people in business reduced poverty among
communities hence improving the general living standards of people. The findings of the
study are will help MFls management to gain an insight on how they have impacted the
development of small scale entrepreneurs. The government too can use the findings to
formulate policies that can promote growth of MFls and entrepreneurs hence leading to
better performance ofMFls. | en_US |
