The effects of Business Training on Performance of Micro and Small Enterprises in Murang’aTown, Kenya
Journal Title: Scholars Journal of Economics, Business and Management - Year 2016, Vol 3, Issue 9
Abstract
This study sought to investigate how business training affects business of micro and small enterprises. Over the past decades microfinance has received much attention as an instrument to foster entrepreneurship in the MSEs sector by simultaneously tackling financial constraints. However, in Kenya, policies and strategies designed by MFIs to boost credit and finance services to the MSE sector have been formulated in the absence of reliable information such as data on magnitude of the MSEs sector, characteristics of MSE operators and factors influencing the growth and dynamics of the sector. In literature review, the study analyzed microfinance factors affecting MSEs performance. The research adopted a descriptive research survey to collect primary data to answer questions concerning the status of the issues under investigations. Stratified random sampling was used. Data analysis for this study was done using Statistical Package for Social Science Software (SPSS). The results of the study revealed that majority of the MSEs which had received credit had the entrepreneurs trained as a prerequisite for loan administration. All the respondents who had received training concurred that the training affected performance of their businesses. Based on this study, it was concluded that performance of micro and small enterprises MSEs was affected by training to improve its performance. Keywords:Business Training, Performance, Micro and Small Enterprises
Authors and Affiliations
James Mwangi Njau, Dr. Gorretty Awour Ofafa, George Gachuru
Keywords
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