Financial Management Capacities and Financial Sustainability of Community Based Organizations in Turkana County, Kenya
Journal Title: Africa International Journal of Multidisciplinary Research - Year 2018, Vol 2, Issue 3
Abstract
The evolution of Community Based Organizations in recent year especially in developing countries has reinforced the new that these grassroots organizations are more effective in addressing local needs than larger charitable organizations due to their penetration, networks and perceived neutrality in their areas of operations. The objective of the study was to determine the effect of financial management capacities on financial sustainability of CBOs in Turkana County, Kenya. The study was founded on resource-based theory. The study adopted an exploratory research design and stratified proportionate sampling. The population of the research consisted 126 respondents from 42 CBOs in Turkana County. The study used both primary and secondary data. The study utilized self-administered semi-structured questionnaire and content analysis for collecting secondary data using data collection schedule. A pilot test was conducted to confirm validity and reliability of the research questionnaires. Content validity of the research instruments was ensured by consulting supervisors. Reliability was tested using Cronbach’s alpha coefficient. The study found that financial management capacities had a positive and significant effect on financial sustainability (β=0.016, p<0.05), in Turkana County, Kenya. The study recommended that CBOs management should consider putting in place the recommended strategies to enhance financial management practices to improve financial sustainability. The study will contribute new dimensions and perspectives to generate policy solutions to the management and CBOs sector stakeholders. The new empirical evidence will form the basis for further studies with the aim of addressing financial sustainability of CBOs through prudent financial management practices.
Authors and Affiliations
DR. Kennedy B. Mwengei Ombaba, Francis Obondi Abong’o
Keywords
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