| dc.contributor.author | Maina, Tirus M. | |
| dc.contributor.author | Kahando, D. M. | |
| dc.contributor.author | Maina, Charity Mweru | |
| dc.date.accessioned | 2017-02-22T17:48:21Z | |
| dc.date.available | 2017-02-22T17:48:21Z | |
| dc.date.issued | 2017 | |
| dc.identifier.citation | David M. Kahando, Tirus Muya Maina, Charity Mweru Maina. An Appraisal of Financial Management Practices on the Growth of Micro Enterprise in Kenya. Journal of Business and Economic Development. Vol. 2, No. 1, 2017, pp. 63-70. doi: 10.11648/j.jbed.20170201.18 | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/163 | |
| dc.identifier.uri | http://www.sciencepublishinggroup.com/journal/paperinfo?journalid=297&doi=10.11648/j.jbed.20170201.18 | |
| dc.description.abstract | Governments in different parts of the world are increasingly promoting and supporting the growth of Micro and
Small enterprises as part of their overall national development strategy. The sector plays an important role in economic
development and act as vehicle for low-income people to escape poverty through market-driven, productive activities for
growth of the economy. Consequently because of their role and significance to the economic development they have become a
major research area in developing countries. Studies have been conducted highlighting the constraints which affect the growth
of micro-enterprises with a view to bring to the solutions but with no in-depth. Most the enterprises growth still stagnate and
eventually fail. Their failure rates are always attributed to lack of management skills by most owner managers. As a result,
there is need to carry out studies on the management practices of micro enterprises in regard to financial practices. The
objective of this study was to appraise the financial management practices on growth of Jua Kali enterprises in Kenya. The
study adopted the descriptive research design to assess the growth in regards to financial practices. The target population was
150 owner managers of micro enterprises registered under Jua Kali enterprises. Considering the population was not a
homogeneous, stratified random sampling technique was used as the most appropriate to determine the study sample of 50
respondents. The primary data was collected through structured questionnaires. The data was analysed using both descriptive
and inferential statistics with the help of the Statistical Package for Social Sciences. Linear regression analysis was employed
to determine the degree of relationship between the financial management practices and growth. The result showed that
financial management practices had a strong positive relationship on the growth of Jua Kali enterprises with a Pearson
correlations coefficient of 0.629 at 95 percent significance level (p=0.001). The study concluded that financial management
practices have an influence on the growth of micro enterprise hence the need for owner managers to embrace appropriate
management practices to grow their businesses that help spur economic development and create more employment, in line with
Kenya’s vision 2030. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Journal of Business and Economic Development | en_US |
| dc.subject | Employment Creation, Financial Management Practices, Micro-Enterprises Growth | en_US |
| dc.title | An Appraisal of Financial Management Practices on the Growth of Micro Enterprise in Kenya | en_US |
| dc.type | Article | en_US |
