Monicah Chepkemoi
THE EFFECTS OF FINANCIAL LITERACY TRAINING ON BUSINESS PROFITABILITY IN COASTAL REGION: A CASE OF KWALE COUNTY SMEs
Kenya Methodist University
study aimed identifying effects financial literacy training business profitability smes coastal region using kwale county case study study used sample 74 smes drawn 3 subcounties kwale included kinang matuga msambweni research design used descriptive survey method involved use questionnaires interviews population included smes benefited training offered world bank kenya coastal development project kwale county simple random sampling method used determine sample size findings established financial literacy training positively influenced performance smes hence profitability four variables investigated working capital management savings bookkeeping financial accessibility skills profitability dependent variable results found statistically significant variables although negative relationship bookkeeping savings based findings concluded financial literacy affected profitability smes recommendations made financial institutions provide training smes capacity build available financial products access location banking facilities far away areas smes conduct business financial institutions look issue ensure bank branches agents located places nearer smes ease accessibility financial institutions need reduce stringent rules requirements lending smes limits chances accessibility credit positive savings culture smes needs encouraged create larger pool savings utilised loans require credit facility would achieved bank allow reduces stringent rules lending hence saving lending key terms working capital savings skills book keeping financial services accessibility skills profitability