FACTORS AFFECTING GROWTH OF YOUTH LED SMALL AND MEDIUM ENTERPRISES IN KENYA: A CASE STUDY OF GARMENT ENTERPRISES IN CENTRAL BUSINESS DISTRICT, NAIROBI COUNTY, KENYA
Abstract
Youth entrepreneurship is a key tool for development of human capital necessary for the future, unfastening the economic potential of the youth and promoting sustainable growth. This study’s main aim was to find out the factors that affected the growth of youth led enterprises in Kenya. The study was guided by the Churchill and Lewis firm growth theory and the pecking order theory. The study adopted a descriptive research design and the population of interest was the owners of youth led garment enterprises in the Central Business District, Nairobi County. The area had approximately 1,026 youth led garment enterprises. The study employed stratified sampling technique. The sample size was 102 owners of youth led garment enterprises. The primary research data was collected using a questionnaire which was designed to address the research objectives. These questionnaires were administered to the owners of youth led garment enterprises in the Central Business District, Nairobi County. The collected data was thoroughly examined and checked for completeness and comprehensibility. Data was cleaned and fed into the Statistical Package for Social Sciences (SPSS Version 23) for analysis. Descriptive statistics such as means, standard deviation and frequency distribution were used to analyze the data.
Keywords: Access to Finance, Government Policies and Regulations, Growth of Youth Led Garment Enterprises
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DOI: http://dx.doi.org/10.61426/sjbcm.v5i3.855
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