IMPACT OF COVID-19 ON SMALL MEDIUM ENTERPRISES ACCESS TO CREDIT IN KENYA

Abstract

This study sought to examine the impact of Covid-19 on Small Medium Enterprises access to finance in Nairobi. Data was drawn from electrical shops located within Nairobi. Electrical shops would serve well as we targeted one type of business but different scales. There are a lot of electrical appliance shops in Nairobi that serve well for our study. With the Covid-19 pandemic affecting economies in the world, we sought to know how it has affected business access to credit and see the difference before the impact of Covid-19. Data was collected by use of questionaries from different electrical shops in Nairobi to get how different access to finance was impacted since the onset of Covid-19. Conclusions and recommendations from this study will have significant importance to members of the public, academic scholars and major stakeholders in the government’s healthcare sector and the banking sector of the economy