Impact of bank credit on small and medium sized enterprises in Kenya: A case of Kisumu County

The fundamental objective of this study is to assess the impact of bank credit on Small and Medium Enterprises (SMEs) in Kenya. Simple random sampling technique was employed in selecting the 455 SMEs that constituted the sample size of the research. Structured questionnaire was used as an instrument of primary data collection. Descriptive statistics such as; Mean was used to evaluate some selected variables. Range and Standard deviation were used to determine the degree of variability of the estimates. The Pearson's correlations were used to establish the degree of relationship between the independent and dependent variables. The findings of the study reveal that volume of output; number of workers, sales volume and profit earned are positive and statistically significant. This indicates that there is significant impact of bank credit on volume of output; number of workers, sales volume and profit earned.