ENTREPRENEURSHIP RESOURCES RELATIONSHIP TO THE GROWTH OF MICRO AND SMALL ENTERPRISES OWNED BY PHYSICALLY CHALLENGED ENTREPRENEURS IN KENYA
Abstract
Purpose of the study: Despite Kenya’s significant investment in entrepreneurship development, Micro and Small Enterprises owned by physically challenged entrepreneurs continue to record low growth rates. The study thus explored relationship between entrepreneurship resources and the growth of Micro and Small Enterprises (MSEs) owned by entrepreneurs with physical challenges.
Problem Statement: Despite Kenya’s significant investment in entrepreneurship development, Micro and Small Enterprises owned by physically challenged entrepreneurs continue to record low growth rates. This is problematic because entrepreneurship resources have been identified as essential drivers of growth and sustainability in modern economies.
Methodology: The study utilized a mixed-methods approach, drawing conclusions from both qualitative and quantitative data gathered in this research.
Findings: The growth of MSEs owned by Physically Challenged Entrepreneurs positively impacted entrepreneurship resources (β=.756; p-value<.05). However, while there are some positive perceptions regarding the accessibility of financial resources for these entrepreneurs, significant barriers still exist. These include a heavy reliance on personal savings, limited access to credit, and gaps in knowledge about funding opportunities.
Conclusion and Recommendations: The study concludes that entrepreneurship resources are a critical driver for MSEs owned by physically challenged individuals, but their potential is stifled by systemic funding and knowledge gaps. To promote inclusivity, equity, and sustained growth, the study recommends establishing accessible incubation centres, mentorship networks, and peer support groups.
Key Words; Entrepreneurship resources, Growth, Micro and Small Enterprises, Physically Challenged entrepreneurs
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