The Place of Micro and Small Enterprises in Achievement of Kenya's Vision 2030

Abstract

Micro and small enterprise (MSE) sector has been recognized worldwide for its role in wealth generation, employment creation, and poverty reduction. The study focused on MSEs located in Makueni district of Kenya. A descriptive research design was used to carry out the study. Stratified random sampling technique was employed to select a sample of 50 micro and small entrepreneurs out of the target population. A questionnaire consisting of both quantitative and qualitative questions was the main instrument for collecting data. Quantitative data were analyzed using the SPSS software. The study found out that despite the government’s effort to promote the MSE sector, mushrooming of many service providers and the central role of MSEs in employment creation, MSEs in Kenya fall below the levels required to meet challenges of the increasing basis for competition. The study recommended that the government need to construct adequate industrial parks in rural areas to address challenges associated with unavailability of business premises and provide them with accessible, cheap, and adequate loans.