Debt Financing and Proprietor Experience in Relation to Retail SME Performance

Nephat Kithaka Njeru

Journal of Business and Finance in East and Horn of Africa, 2026, vol. 2, issue 1

Abstract: This paper examines whether financing scores from commercial banks, microfinance institutions (MFIs), savings and credit co-operative societies (SACCOs), and government credit programmes were associated with retail small and medium-sized enterprise (SME) performance in Tharaka South, Kenya. It also assessed the additional association of proprietor experience after accounting for the four financing scores. A quantitative cross-sectional survey targeted 269 proprietors from 922 registered businesses in Marimanti and Nkondi wards; 266 usable questionnaires were analysed. The reported joint financing model accounted for 42.2% of the observed variance in the performance score, F(4, 261) = 47.688, p

Keywords: debt financing; retail SME performance; proprietor experience; microfinance; SACCOs; overnment credit programmes (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:eom:jbfhea:a:110

DOI: 10.66699/kwvdcf94

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Journal of Business and Finance in East and Horn of Africa is currently edited by Professor Mohammed Getahun Musa

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