Selected financial management practices by small enterprises in Kenya; the case of Kenya Industrial Estates (K.I.E.) Loanees

Abstract

Small enterprises have become an area of concern in many countries because of the expected contriution from them into the economy through employment creation and contribution to Gross Domestic Product. However, Small Firms have been faced by high mortality rate due to various reasons. This survey foundout that Financial Management which is one of the reasons identified to cause failure is practised by older firms more than the younger ones in the firms surveyed, This may explain why small firms fail in their early years.