Browsing by Author "Namusonge, Gregory"

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Effect of Entrepreneurial Finance on the Growth of Small and Medium Enterprises in Kenya
(IISTE, 2014) Bunyasi, Gladys N W; Bwisa, Henry; Namusonge, Gregory
SMEs account for over 95 % of the business population, and are therefore an increasingly dominant form of business organisation in all countries. Access to finance is a key determinant for business start-up, development and growth for Small and Medium-Enterprises. The objective of this paper was to assess the effect of access to entrepreneurial finance on the growth of Small and Medium Enterprises in Kenya. A sample of 142 SMEs was used for the study to represent the entire population. Out of the 142, there were 132 respondents which is 92.96%. Primary data was collected using interview guides, structured and Semi structured questionnaires which were administered to the owners and managers of SMEs. Data was analyzed using Statistical Package for Social Sciences (SPSS) version 20. The study found out that access to entrepreneurial finance has a positive influence on the growth of SMEs. The study recommends that the government should support the legal and regulatory framework that strengthens the financial infrastructure at the same time build capacity of the financial institutions to enhance SMEs access to finances.
Moderating Role of Entrepreneurial Orientation on the Relationship between Relationship Lending and Financial Performance of manufacturing SMEs in Kenya
(European Journal of Business and Management, 2015) Rotich, Abraham K; Wanjau, Kenneth L,; Namusonge, Gregory
The purpose of this study was to determine the moderating role of entrepreneurial orientation (EO) on the relationship between relationship lending and financial performance of manufacturing SMEs in Kenya. Relationship lending has gained a lot of interest worldwide as it is seen as an avenue to help bridge the information gap between SMEs and the banks thus ultimately helping SMEs access credit. Further, although credit is important to SMEs, entrepreneurial orientation (EO) is key as it determines the success or failure of SMEs. There is little research that has been done to determine if EO moderates the relationship between relationship lending and SME performance in Kenya. The study used a crossectional survey research design with the population being the 620 manufacturing SMEs involved in relationship lending arrangements with commercial banks in Kenya. Stratified random sampling was used to pick a sample of 160 from which the proprietors / CEOs of the respective companies filled the questionnaires. The main data collection instrument was a semi structured questionnaire. The hypotheses in this study were tested using structural equation modeling and hierarchical moderated multiple regression (MMR). The study found evidence that EO moderates the relationship between relationship lending and financial performance of manufacturing SMEs in Kenya. Further the study determined that relationship lending positively impacts on financial performance of SMEs. It also found