ROLE OF FINANCIAL INSTITUTIONS ON PERFOMANCE OF YOUTH OWNED MICRO AND SMALL ENTERPRISES IN KISII COUNTY, KENYA
Abstract
The purpose of the study was to establish the role of financial institutions on performance of youth owned micro and small enterprises in Kisii County, Kenya. The study sought to be guided by the following specific objectives; To find out how financing influence on performance of youth owned micro and small enterprises in Kisii County, Kenya and To examine how training influence performance of youth owned micro and small enterprises in Kisii County, Kenya. The study was limited to the 4700 registered MSEs which gave insights on the various performance related problems faced by the enterprises in the county. Sample size of 100 micro and small enterprises were chosen and data was collected and analyzed. The design of this research was a descriptive survey research. The study used a structured self-administered questionnaire to collect data from the managers. Secondary data was obtained from published documents. The collected data was analyzed using both quantitative and qualitative data analysis methods. Data from questionnaire was coded and logged in the computer using Statistical Package for Social Science (SPSS). It was notable that there existed a strong positive relationship between the indepedent variables and depedent variable. This implied that these variables were very significant and they therefore need to be considered in any effort to enhance perfomance of youth owned MSEs in the study area. From the study findings, the study concluded that performance of youth owned MSEs in Kenya was affected by financing and training. The current study should therefore be expanded in future in order to determine the other factors hindering performance of youth owned MSEs in Kenya. Existing literature indicates that as a future avenue of research, there is need to undertake similar research in other countries in order to establish whether the explored factors can be generalized to performance of youth owned MSEs in Kenya.
Key Words: Financing, Training, Performance of Youth Owned Micro Enterprises
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DOI: http://dx.doi.org/10.61426/sjbcm.v4i3.526
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