Factors Influencing the Growth of Micro and Small Enterprises in Kenya

This book establishes the factors that have influenced growth of micro and small enterprises in Kariobangi North, Nairobi, Kenya. The author argues that most Micro and Small Enterprises (MSEs) in Kenya have stagnated because of lack of finances, inadequate book keeping, limited access to information, misappropriation of funds, poor infrastructure and lack of business skills and technology, lack of market for handmade wood and textile products and the cumbersome legal framework. Through qualitative and quantitative data analysis, the study reveals that there are a few MSEs that have grown due to proper utilization of business skills and access to affordable bank loans. Such MSEs are licensed and therefore eligible to apply for development loans. The author recommends that for MSEs to register positive growth; there is need to: increase their access to financial services, address training needs in order to build capacity on management and business development; and create an institutional mechanism that supports women entrepreneurs and development of MSEs in general. This book is recommended for all scholars, financiers, researchers and policy makers in entrepreneurship.