With the slackening rate of economic growth coupled with soaring unemployment rate in Kenya, the government has been left with no option but to check sound economic policies and programs to combat these socio economic concerns that threaten wellbeing of many graduates. Recently, the government launched various government funding agencies that support SMEs and this geared towards solving unemployment in the country. SMEs is a component of industrialization which is one pillar of the big four. SMEs are considered as an engine that will spur or catalyze the economic development of Kenya.

Required:

Discuss any five sources of public funding for Kenyan SMEs (10 Marks)

Explain five reasons as to why small businesses in Kenya need finance (5 Marks)