DOI: 10.36347/sjebm.2018.v05i12.005

Pages: 1124-1130

The aim of the study was to analyze the effect of financial structure on enterprise growth of Youth Groups Financed by Youth Enterprise Fund, a based on a survey of Youth Groups in Nakuru Town East Sub-County. Specifically, the study analyzed the effect of short term and long term debts in YEDF financed Youth Groups on enterprise growth, share contribution in YEDF financed Youth Groups on enterprise growth and access to Government Procurement Opportunities in YEDF financed Youth Groups on enterprise growth. The enterprise growth was measured from sales turnover and profitability trends of the financed Youth Groups’ enterprises. The study was based on Trade off Theory, Pecking Order Theory, Life Cycle Theory, Public Interest Theory of Regulation and Growth Theory. The study used descriptive research design and a cross sectional survey. The population of the study was the 119 Youth Groups financed by Youth Enterprise Development Fund (YEDF) in Nakuru Town East Constituency, with a random sample size n=75. Secondary data from the Sub-County Status Reports covering 2008-2017 for the groups was used to determine their Enterprise Growth and thereafter primary data was obtained from the Youth Groups to determine their unique group specific data guided by the study objectives.