463 Records out of 22207 Records

The influence of microfinance services in empowering women : a case of selected women groups in Eldama Ravine location, Baringo County, Kenya

Author: Jemuge, Maureen Chebor

Awarding University: University of Nairobi, Kenya

Level : MA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Eldama Ravine Location, Baringo County/Microfinance/Women/Small business/Groups ;

Abstract:

Women bear a disproportionate burden of the world's poverty. Statistics indicate that women are more likely to be poor and at risk of hunger because of the systematic discrimination they face in health care, employment and control of assets. It has been discovered that M.F.ls has come to the recognition that empowering women and developing communities are closely connected. In view to this, this study therefore has sought to bridge the gap by establishing the role of micro finance services in empowering women and women groups economically, socially and politically in Eldama Ravine Location, Baringo County. The objective of this study was to find out the influence of Micro Finance Services in empowering women and women groups in Eldama Ravine Location, Baringo County as well as to find out the effects that has had on women Socio-Economically. In order to accomplish the task, the methodology employed was in depth interview guide, and structured Questionnaires to collect the required data. The study was conducted in Eldama Ravine Location and the study drew its population from members of various women groups which were categorized to two strata - those financed by Micro Financing Institutions and those financed entirely from membership contribution. The results of this study showed that Micro Finance Institutions had played a huge role in empowering women economically where women have had the chance to acquire various assets and socially, they have been recognized in the society. Some of the recommendations made are that for women to be more effective in their strategic options for socio-economic empowerment, they need to invest the members' money in profitable business in order to increase the capital. It also recommended that the groups needed training on the management of the funds in order to make correct business decisions.

International trade finance products provided by Kenya Commercial Bank Limited to small and medium sized enterprises

Author: Inonda, Betty Ongaya

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: International trade/Bank services/Bank loans/Kenya Commercial Bank/Small business/Commercial banks/Banking industry ;

Abstract:

SMEs would rather deal with the dreaded unscrupulous 'middlemen than venture into the murky and deep waters of international trade. None of the studies done has sought to address the problem of inadequate take up of the international Trade finance products by SMEs with specific reference to KCB SMEs. This study therefore sought to answer the question as to why SMEs in KCB are not quickly taking up the International Trade finance products offered to them by the bank. The study used case study research design. The data was collected among interviewees were ten KCB SME customers and five KCB staff members. Data was collected using both primary and secondary data. The primary data was collected using interview schedules data was analyzed using content analysis. From the study findings, the study concluded that their various international trade finance transactions at Kenya Commercial Bank limited. This transactions included issuance of letters of credit, bank guarantees and discounting of invoices among other products. The study concluded that the considerations that KCB gives while dealing with international trade finance products provided to small and medium sized enterprises were collateral requirement, nature of business, number of years that the SME had been a customer at KCB, customers experience in the area of specialization, whether the customer was doing business with a sanctioned country. The challenges facing KCB while issuing international trade finance products to SMEs included knowledge gap, the collateral requirement, the middlemen, impatience among some SMEs and the sanctions. On ways to curb challenges faced by KCB were through conducting awareness campaigns to sensitize SMEs customers about the various international finance products, through implement fully the tiered collateral requirements, and through structuring transactions depending on clients' needs and ability to pay. The study recommends that bank management should review the policies guiding the provision of international trade finance products to the SMEs. The study also recommends that the management should conduct regular awareness campaigns to sensitize SMEs customers on various international finance products. The study also recommends that the management should review the collateral requirement by the SMEs

The effects of access to finance on micro and small enterprises investment growth in Ongata Rongai township

Author: Gitau, Peter Macharia

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Ongata Rongai ; Kenya ; Small business ; Credit ; Economic growth ; Literacy ; Security ;

Abstract:

MSEs play an important economic role in many countries. In Kenya, for example the MSEs sector contribution to GDP has increased from 14% in 1993 to about 20% in 2007 (Mbugua, 2010). Despite these contribution, MSEs face constraints like competition, access to finance, security, regulation and literacy that hinder them from growing into large enterprises. The objective of this study singled out access to finance as a constraint and sought to establish the effects of access to finance by MSEs in Ongata Rongai Township on their growth in investments. The study employed a descriptive design. The study used Secondary and Primary data where secondary data was sourced from reviewing MSEs existing records while a survey method was used to collect primary data to supplemented the existing information where a pre-designed questionnaire was used. Stratified random sampling was employed to collect data from 50 MSES where the data was analyzed descriptively and presented through figures, tables and percentages. A sample of 50 MSEs was selected from 25 forms of businesses in Rongai using Stratified random sampling technique. The collected data was analyzed using descriptive statistics and multiple regression analysis and presented through figures, tables and percentages. The findings indicated the following: MSEs face the following challenges; competition among themselves and from large firms, lack of access to finance, insecurity, regulation and human resources literacy among others. There was increase in assets when credit facility was first engaged and investment in assets grew with continued access to finance thus a positive relationship between access to finance and investment growth. On comparison to other constraints of MSEs investment growth, Access to Finance was ranked second after competition while the empirical results revealed that financial access, had the largest significance with an alpha of 0.358 followed by security with an alpha of 0.324, then came regulation at 0.253. The least but significant of the four variables was literacy with an alpha of 0.152. This shows that financial access remains a major determinant of MSEs investment growth. From the findings, the following conclusions can be drawn: First, financial access, Regulation, Security, Literacy, competition and other factors like transportation, high rent, and debt collection are all constraints that bar investment growth of MSEs. Secondly, in order of average contribution per MSEs, competition tops the list followed by financial access, security, regulation, and literacy levels in that order. Therefore access to finance plays a big part in determining the level of MSEs investment growth.

Adoption of the internet as a growth strategy by small and medium sized tour operators in Kenya

Author: Gachiri, Annah Wamaitha

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: ;

Subject Terms: Internet ; Tourism ; Small business ; Travel ;

Abstract:

Tourism is one of the six key pillars for growth under Kenya's vision 2030 and hence, this sector may be a primary means of realizing the goal of economic development of undeveloped regions. Small and midsized tour operators have a less dramatic influence on tourism volumes, but can still significantly affect the path of development by putting a new area or type of product on the map. It is vital for them to remain competitive and the use of internet and communication technology has been found to improve business competitiveness with the internet providing the opportunities for SMEs to compete on equal terms with larger organization. In spite of the internet's potential, most of the small and medium sized tour operators do not view the internet as key to their business strategy for growth. The aim of this study was to investigate how small and medium sized tour operators are using the internet in the strategies they adopt for growth. This study focused on the list of membership of tour operators from KATO. KATO has grouped its members into six major categories, (A to E and associates) depending on the gross annual turnover. A sample was drawn from each category and based on this a sample size of 100 tour companies was selected. A self-administered open and closed ended questionnaire was utilized in collecting primary data from the field. A total of 77 usable questionnaires were obtained. Both descriptive and inferential analyses were carried out. The study found out that tour operators mainly adopt market development and product development growth strategies for growth. Tour operators use internet to a great extent to enhance communication between their organization and stakeholders and in exploring and approaching new customer segments. The main purpose of deploying internet was for internal and external communication. Internet supports tour operators in overcoming the disadvantage of them being small to reach customers by taking advantage of low cost advertising, bringing new services to the market and quick and efficient expansion entry into new geographical markets. They have focused a lot on regional and international advertising but not much on establishing new distribution channels. The finding support past research that whereas firms perceive use of internet as important they do not use the internet to its full advantage for growth.

Adoption of Information Communication Technology on business performance: a case of small and medium enterprises in Nakuru Central business district, Kenya

Author: Gwako, Zipporah Nyamoita

Awarding University: University of Nairobi, Kenya

Level : MA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Nakuru Central Business District ; Small business ; Business community ; Information technology ; Communications networks ;

Abstract:

In Kenya, the Small and medium enterprises (SMEs) sector plays an important role in economic development and job creation. The SMEs find themselves in an environment of constant technological change especially in ICT and need to adopt these changes in their businesses operations. These changes may become significant threats when ignored, but they may well become valuable opportunities when anticipated and appropriately adopted since the adoption and assimilation of ICT is recognized as an important factor in the growth equation. However, close inspection reveals that most of the SMEs in the country make only minimum use of the ICT resources at their disposal. Hence, this study was undertaken to determine the status of ICT adoption in the business operations of SMEs in Nakuru CBD and the attendant effect on their individual performances. This was pursued under specific objectives such as the influences of ICT literacy, infrastructure, business networks and availability of funds for ICT adoption on the businesses performances which were also variables of ICT adoption. The purpose of this study was to establish the relationship between these variables and business performance of SMEs in the area. The unit of analysis was the individual business owners and descriptive survey design was adopted for the study. Probability sampling was used to obtain a sample of 226 respondents who were then selected for the study using systematic sampling technique. Questionnaires with both closed and open-ended questions were used for collection of primary data. The data was then analyzed for descriptive statistics i.e. frequencies and percentages, while the hypotheses were computed using the Pearson's Product Moment Correlation with the aid of the Statistical Package for Social Sciences (SPSS). The findings revealed there was near gender parity among the business owners and that most of them were in their prime ages between 21 and 40 years. They also had high levels of education with majority 96% having high school education and above. Most of the businesses had only been operating for the last 2 to 3 years and were sole proprietorships not more than five employees. Slightly more than half (51%) were computer literate although only to the basics level. Tests of hypotheses indicated that, ICT literacy as a variable of adoption had a rather weak correlation with business performance of SMEs in Nakuru town with similar results but in an opposite direction observed in terms of ICT infrastructure. Use of ICT in business networks had a very weak association with the performance indicators while availability of funds for adoption .of ICT posted a strong degree of association with the same indicators. Following these findings, the study recommends that: The Government of Kenya should consider mobilizing resources geared at creating awareness on latest information technologies for business performance; and creating an environment through policy that enables SMEs to procure ICT equipment with relative ease by partnering with banks and other financial institutions to offer to the SMEs ICT oriented products. ICT training should also focus on adopting the technologies to the businesses. The management of these businesses should consider scanning the environment to find the latest ICT equipment that could be useful in promoting service delivery efficiency and / or proper product mix / choice that suits customer needs. There is need to reposition themselves by. forming or joining major business networks in Nakuru and utilize existing forums to share and exchange business ideas related to aspects such as marketing strategies and identification of new opportunities. The findings are expected to contribute to a better theoretical understanding of the factors that promote ICT usage among the SMEs.

The diffusion of M-Payment in Micro-trading activities in retail markets in Nairobi Central Business District

Author: Gandani, Rebman

Awarding University: United States International University-Africa, Kenya

Level : MBA

Year: 2012

Holding Libraries: ;

Subject Terms: Mobile money transfer ; Payment systems ; Small business ; Retailing ; Nairobi Central Business District ;

Abstract:

ABSTRACT NOT AVAILABLE

Factors influencing the use of accounting services by small and medium enterprises in Kenya

Author: Busieney, Stephen Kipsang

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Small business ; Accounting ; Management ;

Abstract:

Use of accounting services by firms of all kinds is critical to their bottom line and profitability. This study was on factors influencing the use of the services with emphasis on SMES in Kenya. The objectives of this study were to determine how knowledge and competencies of the owner/manager, competition, legislation and size in terms of growth influences the use of such services by SMEs in Kenya. The study used descriptive research design. A survey was done to establish the factors among owners of SMES in Kenya. There are about 850 such establishments in Kenya of which a sample of 85 firms was taken using stratified random sampling. Data was collected by use of questionnaire method which had both structured and unstructured questions. It was analyzed mainly by use of descriptive statistics such as the mean and inferential statistics such as regression. Results indicated that knowledge and competence of the respondents was poor, there was high competition among the SMEs, the respondents had low levels of compliance with accounting legislation and the SME growth was low. In addition, the study findings revealed that there that the SMEs did not use accounting services. The study found that there was positive and significant relationship between knowledge and competence, competition, legislation and SME growth in size. The study recommended that training be emphasized as it has an effect on the use of accounting services. There is need to for management to emphasize on use of qualified accountants in order to face the competition facing the SMEs, the management should emphasize on good and proper book keeping of financial records and the SMEs to use services of qualified accountants so as to enhance growth of the business.

The impact of microfinance services on the growth of small and medium enterprises in Kenya

Author: Cooper, Jarwo Nutah

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Small business ; Microfinance ;

Abstract:

This study was conducted to establish the impact of microfinance services on the growth of small and medium enterprises in Kenya. A self-administered questionnaire was used as a sole means of collecting data from a targeted sample of fifty small and medium enterprises in Nairobi. However, data was collected from forty: respondents giving a response rate of eighty percent. Qualitative data was analyzed using quantitative analysis .. Sales level was used as the dependent variable for the study. Microcredit, micro insurance, and training were used as the independent variables. The researcher predicted that there was a strong positive relationship between micro finance services and the growth of small and medium enterprises in Kenya. A regression analysis was performed to establish the impact of microcredit, micro insurance, and training on the growth in sales level. The regression analysis conducted established that the three independent variables have a positive correlation with the dependent variable. Each of the independent variables: microcredit; micro insurance and training contribute positively to sales growth. It is also evident from the study that without the services provided by MFls most of the SMEs would struggle with their growth objectives or eventually collapse. The study concluded that microfinance services have a strong positive impact on the growth of SMEs in Kenya. SMEs in Nairobi depend on micro financing for growth. The study also established that micro finance services have assisted enterprises to change their status through growth in sales level from micro to small and from small to medium. Most of the SMEs in Nairobi do not utilize micro insurance services. Notwithstanding, micro insurance helps SMEs to manage their business risks well thus; resulting in a positive impact on the growth in their sales level and profitability. The study also established that the level of training offered by micro finance institutions to SMEs was found to be minimal.

Strategic planning practices in micro and small enterprises in Kisumu Central Business District

Author: Adero, William Otieno

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Kisumu, Kenya ; Planning ; Small and mediium enterprises USE Small business ; Small business ;

Abstract:

Strategic planning is important for micro and small firms in this time of global competition, technological change and increased dynamics in the markets. Even if many MSEs still do not practice formal strategic planning, strategic planning practices and systematic decision making can be considered as a key determinant of survival and success of MSEs. This study sought to determine the strategic planning practices adopted by micro and small business in Kisumu Central Business District. The study deployed survey research design and stratified random sampling to ensure the study obtained a representative sample from the population. The study findings show that micro and small firms practiced strategic planning to varied degrees. However, the average rate of adoption of the strategic planning practices still fell below levels required for spur sustained growth and survival especially for those firms within Kisumu Central . Business District. The study also revealed a gap between formulation of strategic plans and their implementation. It came out that MSEs seemed to over-concentrate on short term operational issues as at the expense of long term strategic issues. In conclusion this study has practical implications in that firms need to be aware that strategic planning practices, processes and tools can be beneficial for growth and survival of MSEs. To actualize this it is recommended that MSEs consistently formulate vision and strategy focusing on growth, profit and market among other strategic analysis techniques paying attention to analysis of the market, competition and formulating appropriate generic business strategies which can guide their daily operations. The study recommended further studies to examine the contribution of strategic planning towards growth of the micro and small firms owing the fact that a higher percentage of the surveyed firms were pursuing growth strategy.

Challenges faced by small and medium enterprises in accessing public contracts in Bondo, Kenya

Author: Abuya, Joshua Olang'o

Awarding University: University of Nairobi, Kenya

Level : MBA

Year: 2012

Holding Libraries: University of Nairobi Jomo Kenyatta Memorial Library ;

Subject Terms: Small business ; Government contracts ; Government purchasing ; Bondo District ;

Abstract:

This study focused on establishing the challenges SMEs faced in accessing public sector contracts in Bondo District. The study was anchored on the EU Directives on public contracting from which PPDA (2005) and PPR (2006) were drawn to regulate public procurement. Compliance to EU Directives has been seen to disadvantage SMEs in accessing public sector contracts in favor of large enterprises. The Kenya Government has been in the forefront in advocating for the youth access to Government Contracts. This has been evidenced by the Presidential Directive on Youth Access to Govermnent contracts by allocating 10% of all public contracts to SMEs. Despite this preferential treatment of SMEs, comparative tallies of public contracts secured by SMEs in Bondo against those secured by large enterprises are still very small. The study had twin-objectives, one being to determine the main challenges faced by SMEs in accessing public sector contracts in Bondo District besides determining the types of public contracts often secured by SMEs in Bondo District. The research design adopted was stratified random sampling of SMEs in which self-administered questionnaires were used to collect data. A sample size of 136 SMEs out ofa population of210 SMEs were selected. The collected data was analysed using descriptive statistics. From the study perceived corruption, large documentation level, inavailability of public contracts, lack of information access, lack of feedback, large lot sizes, existing framework arrangements, lack of capital, long procurement time-scales, bureaucratic procurement procedures, stringent selection criteria, inaccurate contract information, cost of tendering, poor business infrastructure unfavorable taxation regime and pre-qualification were the major challenges SMEs face in accessing public sector contracts in Bondo. Again the study found that SMEs in Bondo which to some extent secured public sector contracts were found to have mostly drawn their public contracts from the Office of the President, Local Authority, Roads & Public Works and Agriculture & Regional Development. In conclusion, there are still a number of challenges that SMEs in Bondo are facing in accessing public sector contracts. These challenges need to be addressed by both the government and SMEs management. To accomplish this, the study recommends that further research be carried on how these challenges could be reduced both by government contracting authorities and/or SMEs themselves. Further research could also be carried on the initiatives the government has put to facilitate SMEs access to public contracts. Research could also be done on contribution of the level of education of procurement officers in achieving value for money during public procurement.