Finance is an important phenomenon that leads organizations towards ensuring smooth operations (Gitman, Juchau & Flanagan, (2015). Therefore, firms need efficient and effective financial management to achieve their goals. Financial management is involved in planning and control of organizational financial resources. It is part of overall management of an organization in the area of sourcing of funds and utilization of the same for the purposes of generating returns for the company (Bolton, Chen & Wang, 2011). The practice of financial management determines the way and the level at which microfinance institutions performs financially. It indicates the extent to which the micro-finance goals are achieved. The results are measured against the goals and policies in the business operations of the organization (Ahmed & Malik, 2015). Provision of loans is the main reason for existence of microfinance institutions (Khavul, 2010). Loans generate a lot of revenue to the microfinance institutions in the form of interest and other charges on loans. This revenue takes a high a percentage of the entire revenue, performance and profitability of financial institutions. Loans, as said, are a doubleedged sword. This means that if loans are not well managed it can be a bane to the development of a microfinance institution; this happens when loans become delinquent (Greuning & Bratanovic 2014).When this happens, the performance of the institution is put in jeopardy. This is because when banks have chunks of non-performing loans, it makes it impossible for that institution to grant more loans; in effect reducing the profit level of the said bank and even results to retrenchment of employees leading to unemployment. Loss of interest income can cause financial crisis leading

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Abstract:The purpose of this study was to establish the Influence of inventory control practices and procurement performance of Agrochemical Distributors in Nakuru Central Sub-County. The study was a survey as it sought to determine the relationship between internal inventory control and procurement performance in agrichemical distributors in Nakuru Central sub-county within limited time frame. The respondents in this study were the employees in Agrochemical Distributors in Nakuru Central Sub-County. Data was collected through structured questionnaires that were self-administered by the researcher through drop and pick technique. The respondents were given ample time to fill the questionnaires after which they were collected for analysis. The filled questionnaires were checked before coding for analysis. SPSS version 21 was used in analyzing the collected data. Frequencies and percentages were used to describe individual indicators of internal inventory control and procurement performance while correlation and regression analysis for and influence of internal inventories control practices on procurement performance. The results of the study were presented using tables that were accompanied by explanation. Findings of the study revealed that Internal Inventory Security Procedural Practices, Inventory Auditing and Computerized Inventory Control both individually and collectively have significant positive influence on Procurement Performance. The study recommends that further study should be conducted to assess how internal inventory security procedural practices can be adopted by public institutions and whether such practices can be incorporated in the public procurement regulations. Also, further studies can be done to establish the integrated role of internal and external audit in inventory control especially in manufacturing and distributing organizations and to determine the influence of computerized inventory management on supplier and customer relationship management in manufacturing and distributing organizations.

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