Establishing the Effects of Credit Risk Management Strategies on Sustainability of Table Bankig Groups in Uasin Gishu County, Kenya.
Journal Title: Africa International Journal of Management Education and Governance - Year 2018, Vol 3, Issue 2
Abstract
Financial management strategies are crucial determinants of sustainability of table banking groups. The strategies enable groups to set clear goals, efficient utilization of resources, proper decisions in sourcing of finances and dividends decision making. The main purpose of this study therefore was to establish the effect of credit risk management strategies saving strategies, financial regulation strategies and liquidity management strategies on sustainability of table banking groups was assessed. The study was founded on credit risk theory. The study adopted the descriptive survey research design. The target population were all table bank groups in Kenya. The accessible population was 538 registered table bank groups in Uasin Gishu County. A sample of 230 groups was involved in the study. Two stage sampling technique was used to narrow down the sub-counties. Purposive sampling technique was used to select 3 sub-counties out of the six sub-counties in Uasin Gishu, County. Simple random sampling technique was used to select respondents for the actual study. A pilot study was conducted in order to test the validity and reliability of the research questionnaire. Content validity was used as a validity test while reliability was tested using Cronbach’s alpha coefficient. Self-administered questionnaires were used to collect data. Both descriptive and inferential statistics were used for data analysis. Findings were presented in tables, charts and graphs. The study found out that credit risk management strategies significantly influence sustainability of table banking groups (β=0.207; p< 0.05). It was concluded that proper credit management strategies could enable table banking groups by enhancing sustainability. The findings of this study are expected to be employed by table banking groups to ensure business success, hence promoting sustainability and economic development. It was also recommended that theories anchored this study should be applied so as to enhance sustainabilit
Authors and Affiliations
Patropa Jepkoech Kiptoo
Keywords
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