Browsing by Author "Njeru, Caroline Wawira"

Now showing 1 - 2 of 2
  • Thumbnail Image
    Item
    Microfinance Services and Household's Income among Saving and Internal Lending Community Groups in Embu County, Kenya
    (Kenyatta University, 2024-10) Njeru, Caroline Wawira
    The saving and internal lending community groups have contributed greatly to the financial inclusion of Kenyan households and improved the economic standards of living of its citizens. However, it is still challenged with problems mainly due to common issues such as limited income diversification, insufficient savings, lack of access to credit, income volatility due to agricultural activities, limited financial literacy, and gender disparities. Tracing to this background is the motivation which examined microfinance services effect on the income of households among saving and internal lending community groups in Evurore Ward of Embu County, Kenya. With specific reference, the research established loans, savings and training services effect on the income of households while a touch of the effect of moderation of financial literacy was utilized to analyze the existing nexus concerning microfinance services and household’s income among saving and internal lending community groups in Evurore Ward of Embu County, Kenya. Greeman Bank model, Saving-Asset Accumulation model and Village Saving Model served as theoretical base of the study. Descriptive design was implemented following a population of 562 SILC practicing group members in Evurore Ward where proportionate sampling technique was applied to arrive at 291 respondents. Primary data was sourced employing the utilization of structured questionnaire. Premise on the existing framework, the field information was evaluated descriptively and regressionally with the outcome presented in tables and diagnostic tests were included to verify data’s credibility. Adherence to strict ethical guidelines was followed thereafter. The outcome unveiled a significant positive effect of microfinance loans on household’s income; the effect of microfinance savings on household’s income among SILC groups was not statistically significant but positive; microfinance training had a significant positive effect on household’s income among SILC groups; and financial literacy had a negative and statistically significant moderating effect on the linkage concerning microfinance services and household’s income among SILC members in Evurore Ward, Embu County, Kenya. The survey recommends that to further enhance the income-generating potential of SILC groups, it is necessary to promote increased access to microfinance loans. This can be achieved by collaborating with microfinance institutions, NGOs, and government agencies to expand the availability of microfinance loan programs tailored to the needs of SILC groups in the area.
  • Thumbnail Image
    Item
    Microfinance Services and Household’s Income among Saving and Internal Lending Community Groups in Evurore Ward, Embu County, Kenya
    (Journal of Finance and Accounting, 2024-06-28) Njeru, Caroline Wawira; Irungu, Anthony Mugetha
    The research established loans, savings and training services effect on the income of household’s income among saving and internal lending community groups in Evurore Ward of Embu County, Kenya. Greeman Bank model, Saving-Asset Accumulation model and Village Saving Model served as theoretical base of the study. Descriptive design was implemented following a population of 562 SILC practicing group members in Evurore Ward where proportionate sampling technique was applied to arrive at 291 respondents. Primary data was sourced employing the utilization of structured questionnaire. The outcome unveiled a significant positive effect of microfinance loans on household’s income; the effect of microfinance savings on household’s income among SILC groups was not statistically significant but positive; microfinance training had a significant positive effect on household’s income among SILC groups in Evurore Ward, Embu County, Kenya. The survey recommends that to further enhance the income-generating potential of SILC groups, it is necessary to promote increased access to microfinance loans. This can be achieved by collaborating with microfinance institutions, NGOs, and government agencies to expand the availability of microfinance loan programs tailored to the needs of SILC groups in the area.