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This research aims to explore how financial literacy influences the growth of small and medium enterprises in Nairobi.

April 18, 2026Open Access

Financial Literacy on SMEs Growth in Nairobi City County

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Cross-sectional study examines financial literacy's role in enhancing SME growth, suggesting improved competitiveness.

This research aims to explore how financial literacy influences the growth of small and medium enterprises in Nairobi.
Cross-sectional explanatory design used for data collection.
Primary data gathered from 384 SMEs using structured questionnaires.
Data analyzed using descriptive, correlation, and multiple regression techniques.
Financial literacy significantly and positively influences SME growth.
Financial product knowledge is identified as the most influential predictor.
Budgeting skills and debt management also play important roles.
Financially literate SMEs make better decisions and manage resources effectively.

Odiwuor et al. (2026) studied this question.

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