ABSTRACT
Small and Medium Enterprises in Kenya are faced with the threat of failure with past statistics indicating that three out of five fail after the first few months of their startup. The growth of Small and Medium sized Enterprises (SME) is influenced by several factors. Although there has been research into these factors and how they contribute to the growth of SMEs, there appears to be few studies covering the influence of capital on growth of SMEs in Nairobi. This study therefore aimed at establishing the influence of capital on growth of Small and Medium Enterprises in Githurai Forty Five Kiambu County, Kenya. The study adopted a survey research design. The target population in this study comprised five hundred Small and Medium Enterprise business men in Githurai Forty Five. Random sampling procedure was adopted in selecting a sample size of two hundred and seventeen respondents using Krejice and Morgan sample size determinant table. The research instrument used in the study was a questionnaire. Data analysis was conducted using Statistical Package for Social Sciences (SPSS) version 21.0 and findings presented using frequencies and percentages. The Study concluded that, lack of startup capital hinders the growth of Small and Medium Enterprises in Githurai Forty Five, Kiambu County. The study recommends that the County government of Kiambu should build supportive policies on financing businesses such as developing County funds for Small and Medium Enterprises as well as subsidizing county levies. Keywords: Capital and growth, small business enterprises, capital and SMEs.
Keywords: Capital and growth, small business enterprises, capital and SMEs, financing and SMEs,
growth of SMEs, Githurai SMEs Growth
Suggested Citation
Njoroge, S.N (2019). Influence of Capital on Growth of Small and Medium Enterprises in Githurai Forty
Five in Kiambu County, Kenya. Available online at: https://writersbureau.net/journals/jmba/influence-of-capital-on-growth-of-small-and-medium-enterprises-in-githurai-forty-five-in-kiambu-county-kenya.pdf
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