Abstract:
The study primarily sought to find out the influence of financial institutions on the growth of
Geothermal Development Company. This study used descriptive research design. Out of a
population of 113, a sample of 76 GDC staff from different departments was taken. The study
employed a questionnaire for data collection. Data were analyzed using SPSS. Both descriptive
and inferential statistics were employed in the analysis. The results were presented in form of
tables. The study noted that long-term loans and grant financing had a positive and significant
relationship with growth of the GDC. It was further showed that, among the studied contributors
of financial institutions, grant financing was the most crucial while long-term loans were the least
important in enhancing the growth of the GDC. The study concluded that long-term loans were
important in enhancing the growth of the energy company. Grant financing was deduced to
facilitate the growth of the company. The study recommended that the GDC should seek longterm
loans for capital projects. In respect to grant financing, the study advised that the GDC
should have a competent team mandated with drafting proposals for grants from leading
financial institutions.
