Purpose: The SMEs play critical role in creating job opportunities and growth of the economy. Currently, the rate at which the new firms formed have stagnated and those with less than 5 years are closing down is very high. This has triggered research on the financial performance of the SMEs especially in areas with high levels of poverty since most studies concentrate on developed economies and urban centres. This study investigated the effect of access to finance on financial performance of processing SMEs in Kitui County.
Methodology: Descriptive research design was applied to conduct the study. The target population was the 25 processing SMEs in Kitui County where for each firm; the Chief Executive Officer, the finance manager and the Chief accountant were considered as respondents giving rise to a total of 75 respondents. An interview and Semi- structured questionnaires were used to collect primary data from the respondents. The data was inspected for completeness, accuracy, reliability and consistency then analysed using SPSS Version 20 Software. Descriptive statistics such as mean, and the standard deviation were computed to describe the data collected. Moreover, inferential statistics at 95% confidence level were used.
Results: The findings of the study indicated that financial performance positively correlated with the access to finance. The findings were supported by the literature reviewed by the study. With reference to the findings, various recommendations were made.
Unique Contribution to Theory, Practice and Policy: To start with, the study recommended financial institutions to create favourable policies to enable SMEs access loans easily. Secondly, the study recommended government to offer incentives and funding to SMEs at a lower cost to boost their financial performance. Finally, the study recommended more studies to identify other factors that influenced the financial performance of SMEs in Kenya.
The main objective of the research study was to determine the effects of organizational culture on the success of strategy implementation in Water Boards in Kenya. The descriptive statistics data analysis method was applied to analyze data and presented in frequencies, percentage mean, standard deviation, and chi-square results. Finally, a multiple linear regression model was employed to establish the significance of the independent variables on the dependent variable. The findings are presented using tables and charts. The study findings showed that overall the organization culture influences 73% of the change in strategy implementation in the water boards in Kenya. This means that there is a significant relationship between strategy implementation and the culture of waterboards. The study recommends that; there is need for the waterboards management to encourage employees to work together and they need to involve employees in the decision making, the organization need to create room for creativity and does not follow rules because although it gives results it also limits the employee’s decision-making capacity and there is need for employees to be encouraged to be creative and innovative in taking risks.
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