IDEAS home Printed from https://ideas.repec.org/a/rss/jnljsh/v2i3p1.html

Constraints Faced By Micro and Small Enterprises in the Liberalised Markets

Author

Listed:
  • Ngoze Moses L.

Abstract

The essence of this paper is to explore the major constraints that influence the development of Micro and Small Enterprises (MSEs) in Kisumu, Western Region part of Kenya. The study conducted was guided by the following hypotheses: constraints, which affect MSEs result from lack of skills; MSEs requires institutional support to overcome these constraints; and many constraints facing MSEs result from poor implementation and lack of co-ordination of policies set by the government. A literature review having preceded our empirical test clearly indicates a strong positive relationship between constraints affecting MSEs and the growth of MSEs in the region. Primary data were collected from 100 Micro and Small entrepreneurs in Kisumu town. Structured questionnaires were administered to the entrepreneurs and their employees. The findings of this study indicate that MSEs face many constraints that result from lack of skills; Institutional support from the organizations; and poor implementation and co-ordination of policies by the implementing agencies. These factors results to moribund of enterprises hence slow development of MSEs in the region. The paper concludes by recommending that the environment of MSEs should be enhanced through introduction of support programmes such as training, consultancy, counselling among others to enable MSEs grow and develop.

Suggested Citation

  • Ngoze Moses L., 2015. "Constraints Faced By Micro and Small Enterprises in the Liberalised Markets," Studies in Social Sciences and Humanities, Research Academy of Social Sciences, vol. 2(3), pages 119-130.
    • Handle: RePEc:rss:jnljsh:v2i3p1
    as

    Download full text from publisher

    File URL: http://rassweb.org/admin/pages/ResearchPapers/Paper%201_1495992883.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Schiffer, M. & Weder, B., 2001. "Firm Size and the Business Environment: Worldwide Survey Results," Papers 43, World Bank - International Finance Corporation.
    2. Kantor, Paula., 2001. "Promoting women's entrepreneurship development based on good practice programmes : some experiences from the North to the South," ILO Working Papers 993457023402676, International Labour Organization.
    3. Mirjam Schiffer & Beatrice Weder, 2001. "Firm Size and the Business Environment : Worldwide Survey Results," World Bank Publications - Books, The World Bank Group, number 13988, October.
    4. repec:ilo:ilowps:345702 is not listed on IDEAS
    5. Beck, Thorsten & Demirguc-Kunt, Asli & Maksimovic, Vojislav, 2002. "Financial and legal constraints to firm growth - Does size matter?," Policy Research Working Paper Series 2784, The World Bank.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Thorsten Beck, 2003. "Small and medium enterprises, growth, and poverty : cross-country evidence," Policy Research Working Paper Series 3178, The World Bank.
    2. Beck, Thorsten & Demirguc-Kunt, Asli & Laeven, Luc & Maksimovic, Vojislav, 2006. "The determinants of financing obstacles," Journal of International Money and Finance, Elsevier, vol. 25(6), pages 932-952, October.
    3. Ilmiawan Auwalin, 2021. "The effect of a credit policy change on microenterprise upward transition and growth: evidence from Indonesia," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(4), pages 611-636, December.
    4. Love, Inessa & Peria, Maria Soledad Martinez & Singh, Sandeep, 2013. "Collateral registries for movable assets : does their introduction spur firms'access to bank finance ?," Policy Research Working Paper Series 6477, The World Bank.
    5. Segarra Blasco, Agustí, 1958- & Teruel, Mercedes, 2010. "Are small firms more sensitive to financial variables?," Working Papers 2072/151623, Universitat Rovira i Virgili, Department of Economics.
    6. Kaufmann, Daniel & Batra, Geeta & Stone, Andrew H. W., 2003. "The Firms Speak: What the World Business Environment Survey Tells Us about Constraints on Private Sector Development," MPRA Paper 8213, University Library of Munich, Germany.
    7. Vachani, Sushil, 2005. "Problems of foreign subsidiaries of SMEs compared with large companies," International Business Review, Elsevier, vol. 14(4), pages 415-439, August.
    8. Chen, Fu & Li, Fangfang & Xu, Jie & Sun, Yongtai & Li, Fangyuan, 2024. "Nexus between green credit efficiency and strategic, business and management digital transformation–based on 114 commercial banks in China," Economic Analysis and Policy, Elsevier, vol. 84(C), pages 1242-1257.
    9. Thorsten Beck & Asli Demirgüç-Kunt & María Pería, 2011. "Bank Financing for SMEs: Evidence Across Countries and Bank Ownership Types," Journal of Financial Services Research, Springer;Western Finance Association, vol. 39(1), pages 35-54, April.
    10. Eleftherios Giovanis & Oznur Ozdamar, 2018. "Productivity and Resource Misallocation: Evidence from Firms in Middle East and North Africa (MENA) Region Countries," Working Papers 1266, Economic Research Forum, revised 10 Dec 2018.
    11. Murat ATAN & Emre BOZDAĞ, 2011. "Avrupa Karbonatlı İçecekler Piyasasında Firma Büyüklüğü Ve Büyüklük Genişleme Oranı İlişkisi," Ekonomik Yaklasim, Ekonomik Yaklasim Association, vol. 22(80), pages 19-38.
    12. Mertzanis, Charilaos & Garas, Samy & Abdel-Maksoud, Ahmed, 2020. "Integrity of financial information and firms' access to energy in developing countries," Energy Economics, Elsevier, vol. 92(C).
    13. Gianluigi Pelloni & Marco Savioli, 2015. "Why Is Italy Doing So Badly?," Economic Affairs, Wiley Blackwell, vol. 35(3), pages 349-365, October.
    14. Beck, Thorsten & Demirguc-Kant, Asl' & Maksimovic, Vojislav, 2003. "Bank competition, financing obstacles, and access to credit," Policy Research Working Paper Series 2996, The World Bank.
    15. Mohini Malhotra & Yanni Chen & Alberto Criscuolo & Qimiao Fan & Iva lIieva Hamel & Yevgeniya Savchenko, 2007. "Expanding Access to Finance : Good Practices and Policies for Micro, Small, and Medium Enterprises," World Bank Publications - Books, The World Bank Group, number 6621, October.
    16. Wolday Amha & Tadele Ferede & Mulat Demeke, . "The Impact of Financial Access on Firm Growth: evidence from Ethiopian Grain Traders and Millers," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 22(01).
    17. Liu, Tingting & Liu, Yu & Ullah, Barkat & Wei, Zuobao & Xu, Lixin Colin, 2021. "The dark side of transparency in developing countries: The link between financial reporting practices and corruption," Journal of Corporate Finance, Elsevier, vol. 66(C).
    18. Huang, Yasheng, 2005. "Are Foreign Firms Privileged By Their Host Governments? Evidence From The 2000 World Business Environment Survey," Working papers 4538-04, Massachusetts Institute of Technology (MIT), Sloan School of Management.
    19. John Mutenyo & Margaret Banga & John Bbale Mayanja & Rose Nakimu & Ruth Nsibirano & Dorothy Massa & Lawrence Kalyowa, 2023. "Determinants of Enterprise Performance in Uganda’s Tourism Sector: Does Gender Matter?," International Journal of Business and Management, Canadian Center of Science and Education, vol. 16(10), pages 1-63, February.
    20. Beck, Thorsten & Demirguc-Kunt, Asli & Maksimovic, Vojislav, 2002. "Financial and legal constraints to firm growth - Does size matter?," Policy Research Working Paper Series 2784, The World Bank.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rss:jnljsh:v2i3p1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Danish Khalil The email address of this maintainer does not seem to be valid anymore. Please ask Danish Khalil to update the entry or send us the correct address (email available below). General contact details of provider: http://www.rassweb.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.