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In 1998 the Small Scale Business Enterprise (SSBE) was renamed Small and Micro Enterprise Programme and in 1999 it was incorporated as a company limited by guarantee. In 2008, Small and Micro Enterprise Programme adopted its acronym "SMEP" as its official name and was registered as a company limited by shares.
By 2010 there were more than twenty large micro finance institutions in Kenya, which provided US $1.5 billion to approximately 1.5 million active borrowers. With over 100,000 clients, Equity Bank Kenya had the largest share of business loans representing market share of 73.50% followed by Kenya Women Microfinance Bank with 12.06%.
Kenya's smallholder means someone who owns, possess or produces agricultural products in small-scale . smallholder production accounts for 78 percent of total agricultural production and 70 percent of commercial production. [37] Majority of the smallholder population work in farm sizes averaging 0.47 hectares (1 1 ⁄ 4 acres). [38]
Kenya-based fintech company 4G Capital, which provides unsecured credit to micro enterprises, has raised $18.5 million in Series C funding from global private equity firm Lightrock. The equity ...
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO).
Kenya also has an oil refinery that processes imported crude petroleum into petroleum products, mainly for the domestic market. In addition, a substantial and expanding informal sector engages in small-scale manufacturing of household goods, motor-vehicle parts, and farm implements. [70]
KTDA Holdings limited is owned by small–scale tea farmers. The 600,000 small scale tea farmers are individual’s shareholders in the 54 factory companies, which in turn are corporate shareholders of KTDA Holdings Ltd. KTDA Holdings Ltd is an investment company that owns a number of subsidiaries. These have been set up as part of its business ...
Franchising is a way for small business owners to benefit from the economies of scale of the big corporation (franchiser). McDonald's and Subway are examples of a franchise. The small business owner can leverage a strong brand name and purchasing power of the larger company while keeping their own investment affordable.