| dc.description.abstract | Many small business enterprises (SBEs) in Kenya borrow capital from the
microfinance institutions to enhance the operation of their businesses. Some of the
micro finances also provide training to the SBE. The aim of this study was to determine
the influence of micro financing on growth of small business enterprises (SBES) in
Kenya: case of small business enterprises in Webuye Division, Bungoma County.
Specifically the objectives were: to determine the effect of access to credit, to establish
the effect of entrepreneurial training, to assess the effect of savings and to determine the
effect of regulatory framework of microfinance institutions on the growth of the SBEs
in Webuye Division, Bungoma County. This study was conducted through descriptive
survey research design. The target population was 4,213 consisting of registered and
licensed SBEs financed by MFIs and credit and lending officers in Webuye Division.
Sampling methods were used to select 351 small scale business enterprises and credit
and lending officers to be used in the current study. Structured questionnaires and
interview schedules were developed, pre-tested and used for collecting quantitative data
for the study from the small scale business entrepreneurs. There were two kinds of data
generated in this research. Quantitative data from credit accessed was analysed using
the Statistical Package for Social Science (SPSS) software to compute frequencies and
percentages. The qualitative data in this study was obtained from training. Such data
was analyzed by descriptive statistics such as frequency distributions and percentage.
The study showed that MFIs have played an important role in promoting the running of
SBEs. More regulatory frameworks should be put in place to ensure the small scale
entrepreneurs access credit to finance venture | en_US |
