Access to Financial Credit Products and Its Influence on Entrepreneurial Performance among Micro and Small Enterprises in Kericho County, Kenya. (Published)
Financing includes all initiatives directed towards making formal ﬁnancial services available and accessible. Researchers have argued that lack of financing is almost universally indicated as a key problem for micro and small enterprises. The study was guided by the following objectives: to establish the influence of financial access and financial credit products on entrepreneurial performance among micro and small enterprises. The study adopted a cross sectional survey design from a population of 7277 micro and small enterprises from which a sample of 380 were given questionnaires. SPSS version 25 was used in data analysis. The research concluded that repayment period for loans was not flexible even after top up or second facility. Micro and small enterprises need guarantors to access financial credit facilities. The study recommended that financial institutions ensure they are serving and coming up with credit facilities tailored to the needs of micro and small enterprises in Kenya.
Globally, many scholars view entrepreneurship as important to small business enterprises (SMEs) in general because it is critical to development. Small business development is of key concern in Uganda, because SMEs dominate the Ugandan economy. However, the entrepreneurial performance is very low; it is therefore in the interest of the country to increase performance of these enterprises. This paper develops a conceptual model to test how to increase entrepreneurial performance among small business enterprises in Uganda: Data was collected by means of personal interviews, approximately 2000 face-to-face interviews with the entrepreneurs. Results indicated that entrepreneurship capital, entrepreneurial knowledge and entrepreneurial capacity have significant implications for entrepreneurial performance.