Microfinance Services And Financial Performance Of Small And Medium Enterprises In Meru Town, Kenya

Small and Medium Enterprises (SMEs) is a significant sector in the economy of Kenya as well as many other developing economies. The sector provides employment to approximately 85% of the country’s workforce (about 7.5 million Kenyans). Insufficient business capital, underdeveloped savings strategies and poor financial knowledge are major constraints hindering financial performance of SMEs in Meru Town. This study was necessitated to determine the effect of microfinance services on financial performance of Small and Medium Enterprises in Meru Town. The following were specific objectives study: …