EFFECTS OF UNSECURED PERSONAL LOANS ON HOUSEHOLD FINANCIAL HEALTH OF PRIMARY SCHOOL TEACHERS IN EMINING DIVISION, BARINGO COUNTY, KENYA
Journal Title: INTERNATIONAL JOURNAL OF MANAGEMENT & INFORMATION TECHNOLOGY - Year 2017, Vol 12, Issue 1
Abstract
Credit facilities include both secured and unsecured loans. For employees, unsecured personal loans have become more popular due to the relative ease and speed at which they can be obtained. The study focused on three areas namely: evaluate the effects of school fees loans on household financial health of primary school teachers in Emining division, assess the effects of home improvement loans on household financial health of primary school teachers in Emining division, examine the effects of emergency loans on household financial health of primary school teachers in Emining division and establish the effects of development loans on household financial health of primary school teachers in Emining division. The study used descriptive research design. Purposive sampling was used to obtain a sample of 165 respondents, 5 teachers from each of the thirty-three primary schools, in Emining Division, Baringo. A questionnaire was used to collect primary data from the respondent. Correlation analysis was conducted to test the study hypotheses. Results of the study showed that there is a statistical significant positive relationship between unsecured personal loans and household financial health. In particular, there is a statistical positive association between school fees loans, home loans, emergency loans, development loans and household financial of primary school teachers. The study concludes that unsecured loans contributes to the wellbeing of primary teachers.
Authors and Affiliations
Robert Kingwara, Florence Bett, Mary Bosire
Keywords
Related Articles
- EP ID EP654127
- DOI 10.24297/ijmit.v12i1.6311
- Views 164
- Downloads 0
EFFECT OF OCCUPATIONAL HEALTH SAFETY PLANNING IN THE IMPLEMENTATION OF OCCUPATIONAL HEALTH AND SAFETY PROGRAMS IN STATE CORPORATIONS IN NAKURU TOWN, KENYA
Occupational health and safety is a fundamental concept that continues to be associated with human resource issues. The importance of OHS programs is founded on the premise that the workforce requires care just like any...
FDI in Multi-brand Retailing in India: Comparative study with China
Retailing is the interface between the producer and the individual consumer buying for personal consumption. As such, retailing is the last link that connects the individual consumer with the manufacturing and distributi...
An Advanced Neural Network based Method for Noise Removal and Edge Detection
Edge detection is an important pre-processing step for any image processing application, object recognition and emotion detection. Edge detection is very helpful in case of noise free images. But in case of noisy images...
Transforming ABC Co- Through Lean Management & Agile Manufacturing
ABC co. was established in Delhi in 1980, which produced electrical switchgears & appliances. The company had manual operations initially; quality was not a thrust area having about 16% process rejections. The demand...
AVAILABILITY BIAS AND MARKET EFFICIENCY IN PAKISTAN
Market efficiency has been a kind of pivot both for academic research and for policymaking concerning stock market for the last decades. But this hypothesis recently keeps being criticized both from archival and survey s...