EFFECTS OF MICRO FINANCE SERVICES ON THE GROWTH OF MEDIUM AND SMALL ENTERPRISES CHAPTER ONE 1.0 INTRODUCTION 1.1Background of the study Promotion of MSE sector in Kenya is a viable and dynamic strategy for attaining the national goals which includes employment creation, balanced development between sector and sub sectors and poverty alleviation.This sector have been the means through which accelerated growth and rapid industrialization have been achieved.Koech(2011)
the social implications of such economic changes through the introduction of such basic amenities and social services on women were significant but negatively affected the relative importance ofwomen. Osman ,(2000),in his article remarked that micro-finance
The lack of managerial skills, regulatory issues, technology and equipment, easy access to the international market and more notably finance are some of the factors that hinder SME development (Anheier and Seibel, 1987; Steel and Webster, 1991; Aryeetey et al, 1994; Gockel and Akoena, 2002). Constraints on SME development can be seen from lack of managerial know-how. Even though SMEs tend
Ghana’s NHIS. The second part tries to bring out the framework for measuring cost and technical efficiency and some of the limitations associated with the usage of any particular estimation technique whilst the third aspect focuses on some empirical studies on cost and technical efficiency and empirical determinants of cost and technical efficiency. 2.1 Ghana’s National Health Insurance Schemes 2.1.1 Health
CHAPTER ONE 1.0 INTRODUCTION This chapter represents the background information, statement of the problem, purpose of the study, objectives, research questions and the significance of the study. 1.1 BACKGROUND INFORMATION Kenya’s vision 2030 has identified, small and micro enterprises (SME) as major contributors in provision of employment and income in the country. If the SMEs increased in size they would contribute to the economic growth of the country. The government has come up
poverty alleviation. 5. Microcredit is not always the solution. Microcredit is not appropriate for everyone or every situation. Poor people that have no income or means of repayment need other forms of support before they can make use of a loan. In many cases, little donations, infrastructure improvements, employment and training programs, and other non-financial services may be more appropriate tools for poverty alleviation. Encouraging savings should complement non-financial
the catalyst of the economic and social growth in India. They analyzed the role of stakeholder in the society that will lead to the progress of the society and thus the important of financial inclusion was taken into picture. Providing access to finance is a form of empowerment of the vulnerable groups. This article also emphasizes on the access to basic banking services provides congenial conditions for growth of individuals, households and private Institutions. Also, social factors like unemployment
Creating an ambience that would encourage even micro and small enterprises to register and realize that this cost of formalization is coming with benefits of access to finance, better infrastructure, market information, government incentives, a platform for formal association, providing them legal framework, efforts to overcome uncertainty in financial returns
redesign of production, products and activities – for which author uses the expression of reengineering and the aim of which is to increase effectiveness of enterprising activities in a company) and secondly must restructure the enterprise in terms of finance (which means in this concept to change property management aimed at the increase of property effectiveness. The third approach is based on reengineering as a philosophy which should be relied upon by the restructuring process, it is advisable to consider
commercial benks, development financial institutions (FDI), microfinance banks (MFBs), non banking finance companies (NBFCs) like as leasing companies , investment banks, discount house, housing finance companies, venture capital companies, mutual funds etc. and other modarabas, stock exchange and insurance companies. The supervisory responsibilities in case of banks, development finance institutions and micro finance banks under the prevalent legislative structure that falls within legal ambit of state bank