Abstract: Many small business enterprises (SBEs) in Kenya borrow capital from the microfinance institutions to enhance the operation of their businesses. The study was examining the effects of Micro finance institutions services on the growth of small and medium enterprises in Bomet County. It was guided by the following objectives: To determine the effect of loan disbursement on the growth of small and medium enterprises in Bomet County; To assess the effect of training on the growth of small and medium enterprises in Bomet county; To establish how savings affect the growth of small and medium enterprises in Bomet County; To establish the effect of technology on the growth of small and medium enterprises in Bomet County. The number of micro-finance institutions in Kenya continues to grow rapidly .However; their wide presence does not correspond with the growth of small and medium enterprises in Bomet County. This research adopted a descriptive research design. A descriptive research design is a scientific method which involves observing and describing the behavior of a subject without influencing it in any way. The research population consisted of 350 registered SME’s in 5 sub counties in Bomet County. Sampling methods will be used to select 183 small medium scale business enterprises. Primary data was collected using structured questionnaires based on the research questions administered by the researcher. The study adopted descriptive research design. Data was analyzed by use of quantitative methods. Descriptive statistics was used to analyze data including frequencies and percentages and results displayed in tables. Inferential statistics, correlation and regression analysis was also be used.
Keywords: small business enterprises (SBEs), microfinance institutions, businesses.
Title: EFFECTS OF MICRO FINANCE INSTITUTIONS SERVICES ON THE GROWTH OF SMALL AND MEDIUM ENTERPRISES IN BOMET COUNTY
Author: Dorah Chepkorir Moluche, Dr. Kepha Ombui
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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