Published on June 15, 2016

Financing SME growth in Kenya


To help contribute to a better understanding of the relationships between finance, entrepreneurship and growth in the SME segment in Kenya, FSD Kenya undertook an in-depth qualitative case-study based piece of research with a sample of growing SMEs based in Nairobi.

The research set out to examine: the characteristics and risk propensity of Kenyan entrepreneurs; the drivers of growth among these SME owners, with a particular focus on the financing practices used at different stages of developing their businesses (both debt and equity financing as well as formal and informal practices); and the critical incidents that influenced their trajectories of growth.

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