School of Business Education SBE
http://repository.kyu.ac.ke/123456789/19
2024-03-29T05:35:44ZFactors Affecting Small And Micro Enterprises Access To Finance In Kirinyaga County, Kenya
http://repository.kyu.ac.ke/123456789/1021
Factors Affecting Small And Micro Enterprises Access To Finance In Kirinyaga County, Kenya
Karimi, C
SMEs play an essential role when it comes to the health of an economy through their
contribution to the GDP and creation of employment to many young and vibrant people in
the country. SMEs are important for Kenya's development and growth towards becoming an
industrialized country. They contribute 18% to the country's economy and employ 80% of
the workforce, but often struggle to get the funding they need to grow because of difficulty
accessing credit. Access to credit is crucial for private sector growth, especially for SMEs
that typically don't have enough capital to expand. SMEs are a great source of creativity and
talent for starting new businesses. In Kirinyaga County, Kenya, this research aimed to
investigate the effects of interest rates, credit profile, SME’s performance, and collateral
requirements on SMEs' access to finance. Credit rationing, information asymmetry, and
pecking order theories served as the study's guiding theories. A sample of 136 out of 206
SMEs in Kirinyaga County was chosen using stratified random sampling. The questionnaires
were distributed using the drop-and-pick strategy to collect primary data. Descriptive
statistics like frequencies, means, standard deviations, and variances were used to examine
the data. It was established that holding all other factors to a constant zero, access to finance
would be at 1.167. This meant that access to finance would have significant effect even
without being affected by interest rates, credit profile, and SME’s performance and collateral
requirements. It was also observed that for every unit increase in standardized interest rates,
standardized access to finance would increase by 0.067 units, while keeping other variables
constant. The study found that for every unit increase in standardized credit profile,
standardized access to finance would increase by 0.053 units, while holding other variables
constant. For each unit increase in standardized SME's performance, there was a
corresponding increase of 0.048 units in standardized access to finance, even after
considering other variables. A unit increase in standardized collateral requirements resulted
in a corresponding increase of 0.061 units in standardized access to finance, while keeping
other factors constant. The study found that SMEs' access to financing was significantly
influenced by a number of factors. In particular, the review featured the impact of interest
rates, credit profile, SME performance, and guarantee necessities on SMEs' capacity to get
funding. Thus, the study concluded that interest rates and collateral requirements have a
negative influence on access to finance while credit profile and SME performance had a
positive influence on access to finance and play a crucial role in determining the ability of
SMEs to access finance in Kirinyaga County. As a recommendation, the study suggests a
review of interest rates charged by banks and other financial institutions. By revising and
potentially reducing these interest rates, more SMEs would be able to access funds,
facilitating the expansion of their businesses and fostering economic growth in the region.
The study also recommends the necessity to find alternative collateral securities as most
SME’s do not own titles and logbooks that are majorly required by financial institutions as
securities to access funds, and that credit rating policies should be made more
accommodative to the SME’s to enable them access to finance that translates to SME’s
operating viable businesses.
2023-01-01T00:00:00ZEffects of labor relations strategies on employee retention among medical practitioners in the county goverment in kenya
http://repository.kyu.ac.ke/123456789/1018
Effects of labor relations strategies on employee retention among medical practitioners in the county goverment in kenya
Ndirangu, Z
As a result of the transfer of healthcare functions to county governments, they have been facing the challenge of retaining their medical practitioners who either join the private hospitals, start their own private hospitals and clinics or immigrate to other countries in search of greener pastures. The study’s primary focus was to analyze the effects of labor relation strategies on employee retention among medical practitioners in Kirinyaga County. The specific objective was to determine the effects of industrial action on employee retention. The study was anchored on Marxist theory. A descriptive research design was employed. Krejcie and Morgan tables and stratified random sampling were utilized to come up with a sample size of 272 respondents from a population of 930 medical practitioners. Primary data was collected through questionnaires from selected respondents while secondary data was sourced from Kirinyaga County website and database. Multiple regression using SPSS (version 24) was used to determine the effect of industrial action on employee retention. The coefficient of correlation (r= 0.751) indicated that there was a strong positive relationship between industrial action and employee retention. The coefficient of determination (R2 = 0.564) indicated that 56.4% of the variations in employee retention were caused by industrial action. The study concluded that industrial action affected retention of medical practitioners in Kirinyaga County and recommended Kirinyaga County Government to put in place policies to handle strikes and carefully address the pressing issues raised by the medical practitioners in their fight for better pay and working conditions. Keywords: Employee retention, Industrial action, Kirinyaga County Government, Medical practitioners
2022-09-01T00:00:00ZFactors Affecting Small And Micro Enterprises Access To Finance In Kirinyaga County, Kenya
http://repository.kyu.ac.ke/123456789/1016
Factors Affecting Small And Micro Enterprises Access To Finance In Kirinyaga County, Kenya
Njagi, C
SMEs play an essential role when it comes to the health of an economy through their
contribution to the GDP and creation of employment to many young and vibrant people in
the country. SMEs are important for Kenya's development and growth towards becoming an
industrialized country. They contribute 18% to the country's economy and employ 80% of
the workforce, but often struggle to get the funding they need to grow because of difficulty
accessing credit. Access to credit is crucial for private sector growth, especially for SMEs
that typically don't have enough capital to expand. SMEs are a great source of creativity and
talent for starting new businesses. In Kirinyaga County, Kenya, this research aimed to
investigate the effects of interest rates, credit profile, SME’s performance, and collateral
requirements on SMEs' access to finance. Credit rationing, information asymmetry, and
pecking order theories served as the study's guiding theories. A sample of 136 out of 206
SMEs in Kirinyaga County was chosen using stratified random sampling. The questionnaires
were distributed using the drop-and-pick strategy to collect primary data. Descriptive
statistics like frequencies, means, standard deviations, and variances were used to examine
the data. It was established that holding all other factors to a constant zero, access to finance
would be at 1.167. This meant that access to finance would have significant effect even
without being affected by interest rates, credit profile, and SME’s performance and collateral
requirements. It was also observed that for every unit increase in standardized interest rates,
standardized access to finance would increase by 0.067 units, while keeping other variables
constant. The study found that for every unit increase in standardized credit profile,
standardized access to finance would increase by 0.053 units, while holding other variables
constant. For each unit increase in standardized SME's performance, there was a
corresponding increase of 0.048 units in standardized access to finance, even after
considering other variables. A unit increase in standardized collateral requirements resulted
in a corresponding increase of 0.061 units in standardized access to finance, while keeping
other factors constant. The study found that SMEs' access to financing was significantly
influenced by a number of factors. In particular, the review featured the impact of interest
rates, credit profile, SME performance, and guarantee necessities on SMEs' capacity to get
funding. Thus, the study concluded that interest rates and collateral requirements have a
negative influence on access to finance while credit profile and SME performance had a
positive influence on access to finance and play a crucial role in determining the ability of
SMEs to access finance in Kirinyaga County. As a recommendation, the study suggests a
review of interest rates charged by banks and other financial institutions. By revising and
potentially reducing these interest rates, more SMEs would be able to access funds,
facilitating the expansion of their businesses and fostering economic growth in the region.
The study also recommends the necessity to find alternative collateral securities as most
SME’s do not own titles and logbooks that are majorly required by financial institutions as
securities to access funds, and that credit rating policies should be made more
accommodative to the SME’s to enable them access to finance that translates to SME’s
operating viable businesses.
2023-08-01T00:00:00ZEffect Of Financial Management Practices On Budgetary Performance Of County Governments In Kenya: A Case Study Of Kirinyaga County
http://repository.kyu.ac.ke/123456789/1015
Effect Of Financial Management Practices On Budgetary Performance Of County Governments In Kenya: A Case Study Of Kirinyaga County
Mithamo, G
Devolution has the goal of devolving economic resources and bringing services closer to the people. Effective public finance management procedures are essential for citizens to feel this. County governments must spend allocated finances properly in order for the Kenyan national government to accomplish its fiscal goals. Government officials must recognize the need of fully utilizing allotted monies in order to provide services to as many individuals as feasible. The study sought to determine the effect of financial management practices on county governments' budgetary performance in Kenya: The study sought to: determine the effect of revenue collection on budgetary performance, the effect of budgetary control on budgetary performance, the effect of payables management on budgetary performance, and the effect of accounting controls on the budgetary performance of Kirinyaga County. The theories used in this study were: the Agency theory, Stakeholder theory, and Institutional theory. A descriptive research design was used in the study. Purposive sampling was used in selecting participants from the 20 wards in Kirinyaga County. The respondents comprised of 83 participants. The primary data collection instrument used in the study was a questionnaire that contained open-ended and closed questions, while financial and budget reports from the county government and office of the Auditor General for financial years 2017/2018 and 2018/2019 were used as secondary data sources. A pilot study was also be carried out at the Kirinyaga County Government main office involving five participants to determine the questionnaire's validity and reliability in answering the research questions. Quantitative data was analyzed using SPSS version 22.0 software, while content analysis was used to analyze qualitative data. Inferential statistics in the form of multiple regression and paired t-tests, and descriptive statistics were used to analyze the data. The results were presented in the form of tables and graphs. Findings revealed that financial management practices had a positive and significant effect on budgetary performance of county government of Kirinyaga. Findings revealed that revenue collection, budgeting process, payables management and accounting controls had a positive and significant effect on budgetary performance of county government of Kirinyaga. The study concluded that revenue collection had a positive and significant effect on budgetary performance of county governments in Kenya. The study also concluded that budgetary process had a positive and significant effect on budgetary performance of county governments in Kenya. The study concluded that payables management had a positive and significant effect on budgetary performance of county governments in Kenya. Finally, the study concluded that accounting controls had a positive and significant effect on budgetary performance of county governments in Kenya. The study recommends that county governments should manage their budgets to eradicate extravagance and use funds for stipulated purposes. The study also recommends that in order to improve on their local revenue collection, County Governments need to diversify their sources of revenue in order to reduce over-dependence on national government and enhance their budgetary performance.
2023-08-01T00:00:00Z