DSpace Collection:

Financial inclusion and growth of deposit-taking SACCOS in Eastern Region, Kenya

Wed, 01 Jan 2025 00:00:00 GMT

Title: Financial inclusion and growth of deposit-taking SACCOS in Eastern Region, Kenya Authors: Wambua, Miriam N Abstract: Deposit taking Savings and Credit Cooperative Societies have increasingly adopted financial inclusion practices, yet many continue to exhibit poor growth as evidenced by declining membership, assets, loan repayment rates, and operational efficiency. Recent data indicates significant drops in withdrawable deposits, net income, and overall financial performance, compounded by high default rates and non-remitted funds. These trends highlight persistent challenges in leveraging financial inclusion to drive growth. The primary goal of this study was to evaluate the impact of financial inclusion practices on the growth of deposit-taking SACCOs in the Eastern Region of Kenya. Specifically, the study sought to examine the influence of financial literacy, Loan accessibility, digital financial services and branch network on the growth of deposit taking SACCOs in the Eastern Region of Kenya. The study was anchored on the financial inclusion theory as the main theory supported by the financial intermediation theory, and agency theory. The study used an explanatory research design. The respondents were the heads of finance, marketing, operations, and information technology. A total number of 104 management respondents was used in the study. Primary data used was collected using structured questionnaire. Validity and reliability of the data collection instruments were determined before conducting data collection. Data analysis was done using descriptive and inferential statistics with the aid of SPSS. Financial literacy had statistically significant effect on the growth of deposit taking SACCOs (β=.266, P=0.009<0.05). Similarly, loan accessibility had statistically significant effect on the growth of deposit taking SACCOs (β=.216, P=0.007<0.05). Additionally, digital financial services had statistically significant effect on the growth of deposit taking SACCOs in the Eastern region of Kenya (β=0.165, P=0.012<0.05). Further, branch networks had significant effect on the growth of deposit taking SACCOs (β=0.247, P=0.001<0.05. It is recommended that SACCOs should regularly update and customize their financial literacy programs to address evolving financial trends and challenges. Also the management of the deposit- taking SACCOs should continue upholding and improving transparency in loan processing and maintain competitive interest rates. They are recommended to continue investing in modern, user-friendly, and secure digital platforms that cater to the diverse needs of the members. Additionally, SACCOs should expand their physical branch networks in order to expand their market reach. Description: Master of Business Administration, 2025

Nexus between strategic innovation and performance of civil registration department in Kitui Kounty

Wed, 01 Jan 2025 00:00:00 GMT

Title: Nexus between strategic innovation and performance of civil registration department in Kitui Kounty Authors: Kivosyo, Anselm K. Abstract: The public sector plays a very significant role in modern economies. The ability of the public sector to innovate is therefore increasingly seen as a critical element of economy-wide innovation performance. However, innovation policies and strategies relating to the public sector are far less developed than those targeting the business sector. It is not clear to what extent entrepreneurial action is possible or advisable in the public sector as a mechanism for driving innovation. The general purpose of this study was to determine the effect of strategic innovation on the performance of civil registration department in Kitui County. The specific objectives were to find out the influence of organizational innovation, technological innovation, service innovation and process innovation on the performance of civil registration. The theories that informed the study are diffusion innovation theory, resource based view theory, and Technology Acceptance Theory. The study target population was the five (5) civil registration offices in Kitui County. The unit of analysis was civil registration department. The unit of observation was the managers (Civil registration officers) and the line staff (clerical officers, office administrators, registration assistants) working in the Kitui County Civil Registration Department. The accessible population was 63 line staff and 8 managers. The study adopted a descriptive research design. Regression was used to test the significant relationship between the independent variables against the dependent variable. The study finds that all four types of strategic innovation, organizational, technological, service, and process have a significant and positive impact on the performance of civil registration department in Kitui County. The increase in organizational, technological, service, and process innovation corresponds with substantial improvements in civil registration performance. The results are statistically significant, reinforcing the critical role of innovation in enhancing civil registration systems. The study recommends that Kitui County focus on four key areas to enhance civil registration performance: organizational innovation, technological innovation, service innovation, and process innovation. Organizational changes should aim for efficiency and include better resource use and staff training. Technological upgrades, such as digital platforms and biometrics, can speed up processing and improve record accuracy. Service improvements, like streamlined queues and more accessible locations, can boost public engagement and registration rates. Finally, process innovation should target operational efficiency by simplifying procedures and removing bottlenecks. Description: Master in Business Administration (Strategic Management), 2025

Effect of corporate governance on financial performance of deposit taking SACCOs in eastern region of Kenya

Wed, 01 Jan 2025 00:00:00 GMT

Title: Effect of corporate governance on financial performance of deposit taking SACCOs in eastern region of Kenya Authors: Mutunga, Anastasia Abstract: Savings and Credit Co-Operatives have provided essential financial services to a significant portion of the Kenyan population who were previously unable to obtain such services at commercial banks. Deposit-taking Savings and Credit Cooperative Societies (SACCOs) in the Eastern area of Kenya have experienced a decrease in their financial performance. The study aimed to determine the effect of corporate governance on the financial performance of deposit taking SACCOs in the Eastern Region of Kenya. The study aimed to determine the effect of risk management, board qualification, meeting frequency, and institutional ownership on the performance of deposit taking SACCOS in the eastern area of Kenya. The study was based on the Agency Theory, the Stakeholder Theory, and the Human Capital Theory. The research investigated several independent variables: risk management, board credentials, meeting frequency, and institutional ownership, with the dependent variable being SACCO financial performance. A thorough review of existing literature on corporate governance's effect on SACCO financial performance was conducted. The study focused on 25 Savings and Credit Cooperative Organisations in Kenya's Eastern Region, selected through census sampling. Board members and department heads from these SACCOs were chosen for analysis. Employing a descriptive research design, the study collected both primary and secondary data. Primary data was gathered via questionnaires, while secondary data came from the SACCOs' financial records. SPSS software was used for data analysis, generating both descriptive and inferential statistics. Findings revealed an R squared value of 0.536 and an adjusted R squared value of 0.522 at a 95% significance level. This suggests that the examined corporate governance factors collectively explain 53.6% of the variance in financial performance among deposit-taking SACCOs in Kenya's Eastern Region. The study found out that risk management significantly and positively influenced the financial performance of these SACCOs (β =.336, p=.000<.05). Similarly, board qualifications showed a significant positive effect (β =.358, p=.000<.05). Meeting frequency also demonstrated a significant positive effect (β =.399, p=.000>.05). Lastly, institutional ownership exhibited a significant positive influence (β =.231, p=.000<.05). In conclusion, the research determined that corporate governance had a significant and positive effect on the financial performance of deposit-taking SACCOs in Kenya's Eastern Region. Consequently, the study recommended that these SACCOs should implement and enhance their corporate governance practices to boost financial performance. Description: Master of Business Administration (Finance Option),2025

Capital structure and growth of consumer goods firms listed in the Nairobi securities exchange

Mon, 01 Jan 2024 00:00:00 GMT

Title: Capital structure and growth of consumer goods firms listed in the Nairobi securities exchange Authors: Onyango, Benson Abstract: The consumer goods manufacturing sector has been identified as a sector with great potential for promoting economic growth and competitiveness in Kenya. However, the sector has been experiencing fluctuations over the years under different financial conditions. Generally, the study sought to establish the effect of capital structure on the growth of consumer goods firms listed on the NSE. Specifically, it was guided by the following objectives: to determine the impact of long-term debt on the firm’s growth, to evaluate the influence of short-term debt on the growth of the firm, determining how financing ordinary share affects the growth of consumer goods firms listed on the NSE, to assess the effect of retained earnings on the growth of consumer goods firms listed on the NSE. This study was guided by net income approach theory and supported by the traditional and pecking order theories. The study adopted a descriptive research design. There was use of secondary data from annual reports and statements from the assessed 12 consumer goods firms listed in the NSE from 1st January, 2018 to 31st December, 2022. The study adopted Normality, Multi-collinearity, Autocorrelation and heteroscedasticity regression tests and correlation analysis, and multiple regression model. findings were presented in tables, bar and pie charts and prose form for its discussion. The study established that long-term debt financing had the greatest significant effect on growth of consumer goods firms listed in the NSE (β=0.771, p<0.05) followed by short term debt financing (β=0.667, p<0.05), financing of ordinary shares (β=0.613, p<0.05) and lastly retained earnings (β=0.572, p<0.05) in that order. It was thus, concluded that capital structure is a significant predictor of the growth of consumer goods firms listed on the NSE. The study recommends that financing managers working with consumer goods firms listed in the NSE to ensure prudent utilization of debentures, bonds and bank loans to optimize the available growth opportunities. Senior managers working in consumer goods firms listed in the NSE should effectively leverage and utilize deferred revenues, accrued debts and accounts payable to achieve superior growth. Senior managers working in consumer goods firms listed in the NSE should capitalize on rights issue and bonus issues that should be invested in viable growth opportunities. Finance managers working with consumer goods firms listed in the NSE should balance between current and non-current assets for optimal asset tangibility. Description: Master of business administration (finance option), 2024