Besides providing access to credit, insurance is criticalto SME survival

Small and medium enterprises (SMEs) have long been touted as the real engine of Kenya’s economic growth. SMEs account for a growing share of gross domestic product, form the bulk of business activities across sectors, and are a strong catalyst for employment and wealth creation. But they are often considered too risky and many don’t survive past five years.  

The growth and survival of SMEs have a positive impact on the country’s economic growth and sustainable development. Given the high mortality rate among small businesses, there is need to explore ways of strengthening their survival capacity.