Credit Policy and Financial Performance of KTDA Factories in Kericho County, Kenya

Rotich Simion Kiplangat and Joseph Theuri
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Rotich Simion Kiplangat: MBA
Joseph Theuri: Lecturer, Department of Accounting and Finance, Kenyatta University

International Journal of Research and Innovation in Social Science, 2024, vol. 8, issue 10, 3334-3342

Abstract: Kenya Development Tea Agency have had problem due to produce low prices; high cost of labour and other operational expenses are general influence which impacts all the enterprise in the Country. Tea farmers are most affected through, low payment low bonuses, and delayed. The core drive of the exploration is to evaluate the effect of credit policy on the financial performance of Kenya Tea Development Agencies factories within Kericho County. The study anchored on operational cost theory. Descriptive survey research design was adopted where quarterly financial report was collected from seven Kenya Tea Development Agencies factories between the period 2010 to 2020. Where a sample of 280 records were collected from secondary records obtained from the seven factories. The root information source was the published materials which was extracted by data extraction tool. Standard deviation and mean was utilized as descriptive analysis while panel regression analysis technique was used as inferential statistics. The statistics was illustrated using table and charts. The results revealed that over the past decade receivable collection period have decline. The study revealed that the credit policy has also decline for the past ten years by half. The credit policy had positive significant influence on the financial performance (P

Date: 2024
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