Effect of Microfinance Services on Women Empowerment in Nyandarua County, Kenya: A Case of Kenya Women Finance Trust Clients
Journal Title: International Journal of Management Sciences - Year 2014, Vol 4, Issue 2
Abstract
Women play a crucial role in the economic development of the society but obstacles like poverty, unemployment, low income and societal discriminations mostly in developing countries have hindered the effective performance of that role and women thus still lack many of the resources available to men , they are faced with inevitable poverty and they also lack empowerment. The study sought to address the effect of microfinance services on women empowerment in Nyandarua County, Kenya. Descriptive research design was used in this study. Clients of Kenya Women Finance Trust (KWFT) formed the population of the study. Primary data was obtained through administration of questionnaires to the target population. Data collected was analysed using descriptive analysis tools, processed by SPSS and information generated presented in form of frequency tables and graphs. The researcher found out that Microfinance institutions (MFIs) through their services have played a huge role in empowering women both economically and socially. The researcher concluded that for women to be more effective in their strategic options for empowerment, they need to invest microfinance credit obtained in profitable business in order to increase the capital and MFIs should also introduce mechanisms to motivate their clients to develop better saving habits. Further recommendations were that the Microfinance institutions give more attention on trainings on the management of the funds to help women make better business decisions.
Authors and Affiliations
Faith Gathoni, Margaret Oloko
Keywords
Related Articles
- EP ID EP26921
- DOI -
- Views 265
- Downloads 4
The Effect of External and Internal Environment on Performance and Competitiveness of Micro, Small and Medium Enterprises (MSMEs) In West Nusa Tenggara
The government has a large enough attention to the promotion and development of MSMEs. It is aimed to the improvement of community business that can reduce poverty or improve the welfare of the poor community. MSMEs de...
Nigeria, Africa’s Largest Economy: International Business Perspective
As the Nigerian State is endowed with natural resources, it seeks to partner with other countries, for the purpose of engineering production in other areas that have been neglected from her rich economy. The country’s...
A Comparative Study of Emotional Labour Practice in the Zimbabwean Services Industry
This study sought to determine the levels of emotional labour practice in various service industries and also to make a comparison of that practice amongst major service industries in Zimbabwe. A total of 500 service e...
Compensation Strategies and Job Mobility in Fast-Food Restaurants in Port-Harcourt
This work examines the extent to which financial and non-financial rewards influences job-to-job mobility and occupational mobility in fast-food restaurants in Port Harcourt, Rivers state. The study population consists...
Maritime Students’ Satisfaction on the Services of one Training Center in the Philippines
The researchers pursued this study on the level of satisfaction of maritime students on the training and services offered by Lyceum Maritime Training Center (LMTC) because this study could contribute to the continuous...