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IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668. Volume 17, Issue II (Aug. 2015), PP 65-77 DOI: 65 | Page Financial Management Practices on growth of Small and Medium Enterprises: A case of manufacturing Enterprises in Nairobi County, Kenya 1 Kilonzo Jennifer M, 2 Ouma Dennis Jomo Kenyatta University of Agriculture and Technology - Kenya Abstract: Small and Medium enterprises (SMEs) make important contributions to economic and social development of any country. The aim of this study was to determine the extent of Financial Management Practices employed by the SME s and their effect on growth . The specific objectives of this study were to determine effect of working capital Management Practices , investment Practices , Financial planning Practices , accounting information systems, Financial reporting and analysis Practices on the growth of SME.
County records indicate there are over 50,000 small and micro enterprises in the County. Kenya Association of Manufacturing through the baseline study of 1999, (KAM 2009) recorded 745 active manufacturing SME’s in Kenya with a population of 410 in Nairobi County. Primary data was collected from 41 SMEs using a
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